Questas Group – partnership with Allegro Funds
Miles Advisory Partners is pleased to announce that we have advised the shareholders of Questas Group on Allegro Funds' acquisition of a majority stake in the business.
Transaction Details
Sector
Industrial
Miles Role
Sell-side advisor to the shareholders of Questas Group
Deal Type
Mergers & Acquisitions
Year Completed
2019
Contacts for this Transaction
Duncan Mann
Managing Director
Overview
- Questas is one of Australia's largest independent hydraulics and water companies, operating through a national branch network to provide hydraulic, irrigation, pump and engine solutions to the mining, construction, agricultural, and general industrial sectors
- The transaction allowed founder Kede Carboni to de-risk, while retaining a significant equity stake and securing the institutional capital and acquisition integration capability needed to accelerate Questas' buy-and-build strategy in a fragmented market
Industry Context
The transaction reflects the structural attractiveness of Australian industrial distribution as a private equity consolidation platform, given the highly fragmented landscape and durable end-market exposure.
