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

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
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.

