The Administrators of On-Line Pipe & Cable Locating Pty Ltd (Administrators Appointed), are inviting expressions of interest to purchase the business of the Company. The Company has operated a sub-surface utility locating business for over 20 years, with the business also offering CCTV, water jetting and vacuum clearance services.
Established in 2000, the Company was previously based out of the Western Suburbs in Sydney with head office relocating to Tuggerah on the Central Coast in recent years. The business generated revenue of circa $2m during the financial year ended 30 June 2024 and employs eight (8) staff, including the Director and an operations manager who manage operations remotely.
This offering provides the opportunity for a new entrant in the space to acquire an established business or for existing players to expand their client base and service offerings, with the Company being a preferred vendor of Sydney Water Corporation. The opportunity to manage the business remotely allows a new operator to access the large Sydney Region market, without the need to live in the Greater Sydney region.
Interested parties will be required to enter into a Confidentiality Agreement prior to receiving an Information Memorandum or being provided with information necessary to allow them to carry out any due diligence. A copy of the Confidentiality Agreement is available from the Administrators’ office on request.
Due diligence prior to submission of indicative offers should be conducted from the information contained in the Information Memorandum. Our staff will be available to assist with any requests for additional information or enquiries from interested parties.
Interested parties are requested to provide expressions of interest by 5.00om (AEDT) on Wednesday 13 November 2024 with binding best and final offers to be submitted by 5.00pm (AEDT) on Monday, 18 November 2024 via email to Nash Chance on nashc@jirschsutherland.com.au. Full details of the sales process will be contained in the Information Memorandum.
Sydney 2000
