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Deal typeM&A
IndustryManufacturing
Sub-industryBuilding products & Engineering
Client nameHill & Smith Plc
BDO advised Hill & Smith Holdings PLC, a Midlands headquartered FTSE 250 listed group, on the disposal of HS Roads which was deemed non-core to the Group’s strategic interests for the future.
HS Roads, an Australian road safety rental business, was successfully acquired by Onsite Rental Group, a subsidiary of Sime Darby, following a structured sale process.
The Company’s provides provides high-quality, market leading steel and concrete road barrier solutions to customers in Australia and New Zealand.
HS Roads, an Australian road safety rental business, was successfully acquired by Onsite Rental Group, a subsidiary of Sime Darby, following a structured sale process.
The Company’s provides provides high-quality, market leading steel and concrete road barrier solutions to customers in Australia and New Zealand.
"BDO has a long-standing relationship with Hill & Smith in the United Kingdom. When we chose to explore the divestment of our Australian subsidiary, we were impressed by BDO’s coordinated approach and local knowledge of the Australian market and buyer universe. These factors were important in delivering a successful outcome."
Ollie Devine, Corporate Development Director, Hill & Smith Holdings PLC
The BDO project team included:
BDO UK: John Stephan, Matthew Goodliffe
BDO Australia: Tony Schiavello, Lachlan Cantwell