PROJECT TRANSPORT

Western Australian distributor of heavy-duty truck and trailer parts, with project spanning over a 24 month period

BUSINESS OVERVIEW

Established in 1990 as a driveline remanufacturing business, the Business grew substantially in terms of product range, geographic footprint and profitability. Today the Business is a dominant Western Australian distributor of heavy-duty truck and trailer parts, servicing the mining industry. The business is a multi-site West Australian operator, with operations in Perth, Port Hedland, Geraldton, Kalgoorlie and numerous other regional WA locations.

TITAN PARTNER’S ADVICE & SOLUTIONS

Titan Partners were engaged by the founder to sell the Business. The transaction ran over 24 months, extended by the COVID pandemic. Titan Partners remained committed and tenacious throughout the engagement.

AT A GLANCE

Challenges

High customer concentration concerned many prospective buyers.

Result

Titan Partners Corporate Finance remained committed to the sale process despite buyer feedback. The Business outperformed throughout the COVID pandemic. The sale completed 1 July 2021.