InterFinancial advises Coxons Group on its acquisition of MRC Australia

19.8.2021

InterFinancial Corporate Finance would like to congratulate for Coxons Group Australia on its successful acquisition of MRC Australia.

Coxons Group Australia is a privately owned company specialising in the service and maintenance of all cooling system components, specifically radiators and coolers for mining and industrial applications. Coxons Group has been the industry leading service provider on the east coast for over 25 years, including establishing a market changing service exchange program in 2014. Coxons currently has 80 staff members across its four sites in Rockhampton, Newcastle and Mackay, with more to come through the MRC acquisition.

MRC Australia was a privately owned company specialising in the service and maintenance of heat transfer units, specifically industrial radiators. Strategically situated with facilities in Central Queensland and the Hunter Valley of NSW, MRC Australia has a direct service route to the major mining basins of NSW and QLD. MRC has several Tier 1 clients in the Australian mining industry, providing solutions and parts from major original equipment manufacturers (OEM) such as Komatsu and Caterpillar.

The acquisition provides significant scale to the group, making Coxons Group the largest cooling solutions service and maintenance provider on the east coast of Australia. Coxons Group’s clients will now have access larger pool of exchange assets and unified service, with four workshops strategically located across the east coast. The companies will continue to operate under their respective titles as they grow together in the second half of 2021.

“Bringing Coxons and MRC together creates a stronger foundation and better opportunities for our business, people and customers,” Coxons Group managing director Joel Heazlewood said.

He said MRC represented a rewarding opportunity for deeper reach into an established market.

“Regional and sector expansion are key elements of our growth strategy, so we’re excited by the long-term growth opportunities,” Mr Heazlewood said.

“This acquisition deepens our connection to the Mackay and Singleton communities – and the broader Bowen Basin and Hunter Valley mining regions.”

InterFinancial are proud to have worked with Coxons Group over an extended period to help assess options for strategic growth, to implement business improvement measures, and providing management support through interim CEO and CFO positions. As a long-term client, we are delighted to have acted as lead advisor to Coxons Group and to have successfully executed a strategic acquisition of MRC Australia to unify the two leading businesses.

The transaction value was undisclosed.

21.12.2021

Sector Dashboards December 2021

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
26.11.2021

Sector Dashboards November 2021

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
28.10.2021

IFL Ventures advised Australia-based sports tech company Fusion Sport on its sale of Smartspeed to Vald.

InterFinancial Corporate Finance Limited would like to congratulate Fusion Sport on the successful sale of Smartspeed to Vald, an Australia-based company specializing in the development of human measurement technologies and products. Fusion Sport (“Fusion”) was founded in 2003 and is led by founder Dr Markus Deutsch and backed by Equity Venture Partners and TechnologyOne’s Adrian […]

Read more
26.10.2021

IFL Ventures surveys the buyer landscape for a dynamic partner

IFL Ventures has advised Brisbane-based customer-feedback technology company, Survey Dynamix in its sale to VHT, a leading provider of customer-experience software, based in the USA. The acquisition enhances VHT’s Mindful industry-leading customer callback capabilities by adding real-time customer surveys to its suite of customer experience (CX) services. “Exceptional customer relationships are at the heart of […]

Read more
26.10.2021

Sector Dashboards October 2021

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
16.9.2021

Brisbane Marine Pilots charts-a-course with Auriga

Brisbane Marine Pilots Pty Ltd (BMP), a provider of maritime piloting services, has entered a partnership with Auriga Group, another Australian maritime pilotage service provider. BMP train and supply marine pilots to assist ships visiting the Port of Brisbane. They also provide a common safety system that all pilots working within the Port must adhere […]

Read more
16.9.2021

Sector Dashboards September 2021

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
20.8.2021

InterFinancial Appoints New CEO

InterFinancial is pleased to announce the appointment of Brad Shaw to the role of Chief Executive Officer. Brad originally joined the team in 2018 as a Director and has over 25 years’ experience in Engineering and Professional Services industries.  Brad has led our Advisory practice for the last two years and has completed several interim […]

Read more
19.8.2021

InterFinancial advises Coxons Group on its acquisition of MRC Australia

InterFinancial Corporate Finance would like to congratulate for Coxons Group Australia on its successful acquisition of MRC Australia. Coxons Group Australia is a privately owned company specialising in the service and maintenance of all cooling system components, specifically radiators and coolers for mining and industrial applications. Coxons Group has been the industry leading service provider […]

Read more
19.8.2021

Sector Dashboards August 2021

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more