M&A Deal Summary

Alimak Group Acquires Facade Access Group

On October 28, 2016, Alimak Group acquired construction company Facade Access Group from Wolseley Private Equity for 120M AUD

Acquisition Highlights
  • This is Alimak Group’s 1st transaction in the Construction sector.
  • This is Alimak Group’s 4th largest (disclosed) transaction.
  • This is Alimak Group’s 1st transaction in Australia.

M&A Deal Summary

Date 2016-10-28
Target Facade Access Group
Sector Construction
Buyer(s) Alimak Group
Sellers(s) Wolseley Private Equity
Deal Type Add-on Acquisition
Deal Value 120M AUD

Target

Facade Access Group

Southbank, Australia
website
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.

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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 2 of 7
Sector (Construction) 1 of 2
Type (Add-on Acquisition) 2 of 7
Country (Australia) 1 of 2
Year (2016) 1 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-20 Alimak Group AB - US Rental Business

Atlanta, Georgia, United States

Alimak Group AB - US Rental Business is a provider of crane rental services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 CoxGomyl

Chipping Norton, Australia

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.

Buy AU$120M

Seller(S) 1

SELLER
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 11 of 12
Sector (Construction) 1 of 2
Type (Add-on Acquisition) 5 of 6
Country (Australia) 10 of 11
Year (2016) 4 of 5
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 Nexus Day Hospitals

Crows Nest, Australia

Nexus Day Hospitals is an aggregation of Australian day hospitals performing ophthalmology, endoscopy, plastic surgery, ENT, orthopaedics, general surgery, dental surgery and other procedures. It was established in September 2013 and is based in Crows Nest, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 CoxGomyl

Chipping Norton, Australia

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.

Sell AU$120M