Belron – acquisition of Laser Group
Miles Advisory Partners advised Belron, through its Australian and New Zealand business O'Brien, on the acquisition of the Laser Group.
Transaction Details
Sector
Industrial
Miles Role
Buy-side advisor to Belron
Deal Type
Mergers & Acquisitions
Year Completed
2018
Contacts for this Transaction
Lloyd Way
Managing Director
Rohan Manikath
Managing Director
Overview
- The Laser Group is Australasia’s largest plumbing and electrical services franchise network, with 239 franchise members across Australia and New Zealand, approximately 2,400 staff and around 320,000 customer jobs each year
- The acquisition advances Belron’s service-extension strategy, taking the group beyond automotive glass into the broader home repair, maintenance and improvement market across Australia and New Zealand
- The Laser Group acquisition provides Belron with an established multi-trade franchise platform to complement its existing O’Brien and Smith&Smith networks
- A cross-border transaction, Belron is majority-owned by Brussels-listed D’Ieteren Group
Industry Context
The transaction reflects the continued diversification of large international service groups into adjacent home services categories, and the use of established franchise networks as a scalable platform to consolidate the fragmented Australian and New Zealand trades markets.
Further information on this transaction is available at: Belron / Laser Group Press Release
