M&A Deal Summary

Alimak Group Acquires CoxGomyl

On November 1, 2016, Alimak Group acquired construction company CoxGomyl from Wolseley Private Equity for 120M AUD

Acquisition Highlights
  • This is Alimak Group’s 2nd transaction in the Construction sector.
  • This is Alimak Group’s 4th largest (disclosed) transaction.
  • This is Alimak Group’s 2nd transaction in Australia.

M&A Deal Summary
Date 2016-11-01
Target CoxGomyl
Sector Construction
Buyer(s) Alimak Group
Sellers(s) Wolseley Private Equity
Deal Type Add-on Acquisition
Deal Value 120M AUD

Target

CoxGomyl

Chipping Norton, Australia
website
CoxGomyl is a provider of premium facade access solutions specializes in the design, manufacturing, installation, and servicing of Building Maintenance Units (known as BMUs or gondolas in Europe & Asia, and cradles in America). CoxGomyl has provided facade access solutions range from solutions for many of the world's tallest and most complex buildings (including Taipei 101, Shanghai World Finance Centre and the 818 meters tall Burj Dubai) and standard designs providing its clients with cost-efficient access. CoxGomyl also operates a railway maintenance division, Gomyl Railway, which designs and manufactures maintenance equipment for the railway industry.

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Buyer(S) 1

Buyer

Alimak Group

Stockholm, Sweden

website

Category Company
Founded 1948
Sector Machinery
Employees2,063
Revenue 3.7B SEK (2020)
DESCRIPTION

Alimak Group is a manufacturer and supplier of elevators, platforms and after-market service for the industrial and construction sectors. The Group has manufacturing operations in Sweden and China and a sales and servicing network in more than 90 countries supplying and maintaining vertical access solutions.

DEAL STATS #
Overall 3 of 7
Sector (Construction) 2 of 2
Type (Add-on Acquisition) 3 of 7
Country (Australia) 2 of 2
Year (2016) 2 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-28 Facade Access Group

Southbank, Australia

Facade Access Group is a provider of building maintenance units with its brands CoxGomyl and Manntech. Facade Access Group designs, manufactures, installs and services its equipment and solutions for facade access. The Company has sales offices in 27 countries, with manufacturing facilities in Spain, Germany and Netherlands.

Buy AU$120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Avanti Wind Systems A/S

Hillerod, Denmark

Avanti Wind Systems A/S is a manufacturer and distributor of lifts, ladder systems, fall protection and safety equipment as well as related service for the wind turbine industry.

Buy €91M

Seller(S) 1

SELLER

Wolseley Private Equity

website

Category Private Equity Firm
Founded 1999
PE ASSETS 400M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Wolseley Private Equity is a private equity firm that makes investments in manufacturing, distribution and service companies operating in Australia and New Zealand. Wolseley targets companies in need of growth capital or profitable private companies that are seeking to implement a succession plan or sale. Prospective companies typically have pre-tax earnings of at least AU$5 million and are generally valued between AU$30 and AU$120 million. Wolseley Private Equity does not pursue start-up or early stage situations. Wolseley Private Equity was formed in 1999 and is based in Sydney, Australia.

DEAL STATS #
Overall 12 of 12
Sector (Construction) 2 of 2
Type (Add-on Acquisition) 6 of 6
Country (Australia) 11 of 11
Year (2016) 5 of 5
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-28 Facade Access Group

Southbank, Australia

Facade Access Group is a provider of building maintenance units with its brands CoxGomyl and Manntech. Facade Access Group designs, manufactures, installs and services its equipment and solutions for facade access. The Company has sales offices in 27 countries, with manufacturing facilities in Spain, Germany and Netherlands.

Sell AU$120M
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