Questas Group – acquisition by Five V Capital

Miles Advisory Partners advised Five V Capital on its acquisition of Questas Group from Allegro Funds.

Transaction Details

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Sector
Industrial
Miles Role

Buy-side advisor to Five V Capital

Deal Type

Mergers & Acquisitions

Year Completed

2025

Contacts for this Transaction
Duncan Mann
Managing Director
Contact Duncan Mann

Overview

  • Questas Group is Australia’s leading independent hydraulics business, with close to 800 staff across 37 locations nationwide, serving the mining, construction, agricultural, oil and gas, and general industrial sectors
  • The Group operates through an extensive branch network delivering hydraulic solutions with a portfolio of 16 brands including Berendsen Fluid Power, Swanson, Malcolm Thompson Pumps and Nordon Cylinders
  • Questas serves over 3,000 customers nationally, with revenues in excess of $300 million

Industry Context

The transaction reflects the maturation of Australia’s hydraulics and fluid power distribution market, where private equity has played an active role in aggregating fragmented, specialist businesses into scaled national platforms.