Transactions

STG – sale to Kyokuto

Miles Advisory Partners advised the shareholders of STG on their sale to Kyokuto.

Transaction Details

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Sector
Industrial
Miles Role

Sell-side advisor to the shareholders of STG

Deal Type

Business Divestments

Year Completed

2024

Contacts for this Transaction
Lloyd Way
Managing Director
Contact Lloyd Way
David Leung
Vice President
Contact David Leung

Overview

  • Headquartered in Melbourne, Australia, STG manufactures special-purpose trucks and is a market leader in water and vacuum trucks
  • The company has extensive engineering expertise in manufacturing special-purpose trucks with production facilities in China and the Philippines
  • The investment in STG will allow Kyokuto to strengthen its overseas operations, which aligns with its medium-term management plan
  • The combination of STG and Kyokuto will generate meaningful synergies by expanding product offerings and improving profitability by integrating and streamlining Australian and Chinese manufacturing bases

Further information on this transaction is available at: STG Global Press Release