PRECAST CONCRETE INFRASTRUCTURE MANUFACTURER: MURRAYDARLING BASIN

This is a rare opportunity to acquire a specialised, profitable precast concrete manufacturer that has served the irrigation and civil infrastructure markets of the MurrayDarling Basin for over 30 years. Operating from a regional NSW facility with national delivery capability, the business has delivered normalised EBITDA of $1.65M$1.77M across the last three financial years, despite a deliberate reduction in lower-margin product trading that temporarily suppressed revenue.

The core manufacturing operation is highly profitable (EBITDA margins approaching 40%), defensively positioned through geographic freight barriers and an irreplaceable inventory of over 200 proprietary product moulds, and strategically exposed to decade-long federal and state government investment in MurrayDarling Basin water infrastructure.

With H1 FY2026 revenue annualising at approximately $5.2M and a current pipeline of $600K$900K, the business is on a clear recovery trajectory and has meaningful untapped capacity to support material revenue growth without significant capital expenditure.

30-Year Victorian Business ~40% EBITDA Margin Near-40% Margin Delivering Nationally Significant Untapped Upside

FY2025 REVENUE $4.38M
H1 FY26 ~$5.2M annualised
NORMALISED EBITDA $1.74M
EBITDA MARGIN ~40%
Exceptional for manufacturing sector

Established 1995 (30 yrs)
Staff 12 standing / 25 seasonal
Location Murray Basin, NSW/VIC
Price EOI - Contact Agent
P&E Value ~$1.18M
Stock (SAV) ~$750K$1M at cost

Reasons to Act Now:

1. Consistent Earnings Normalised EBITDA of $1.65M$1.77M over three years with margins approaching 40%.
2. 200+ Proprietary Moulds Significant barrier to entry developed over 30 years.
3. Defensible Market Position Freight barriers and specialised irrigation infrastructure expertise.
4. Growth Capacity Existing facilities can support increased production without major capital expenditure.
5. Government Infrastructure Tailwinds Long-term water infrastructure investment across the MurrayDarling Basin.
6. Trading Revenue Opportunity Discontinued product trading can be reintroduced by a well-capitalised buyer.
7. Strategic Acquisition Platform Ideal bolt-on for civil, infrastructure and manufacturing groups.

Key Investment Highlights:

• 30+ years of operating history and an established regional brand with deep customer relationships across irrigation authorities, civil contractors, and agricultural enterprises.
• Diversified customer base top 10 clients represent 1.9%4.5% of FY2025 revenue each. No single customer other than Murray Irrigation Limited exceeds 10%.
• Experienced management and workforce directors with backgrounds spanning defence, rail, water infrastructure, airport construction, and major project delivery. Well above what is typically found in a regional business of this scale.
• Zero Lost Time Injuries record and a third-party certified quality management system a material credential for government and water authority tenders.
• Vendor transition support up to 12 months available. Baseline of six months training with additional support negotiable. Designed to ensure knowledge transfer and customer continuity.
• Asset-rich platform plant and equipment assessed at $1.18M (Slattery, 2019). Two Franna cranes, seven forklifts, crane truck and trailer, and 200+ product moulds included in sale.
• Freehold option available the vendor is open to offers for the freehold of either the whole site (>55,000 sqm) or the Milcast portion (~27,133 sqm).
• Current pipeline of $600K$900K providing immediate visibility for any incoming buyer into forward revenue.

Transaction Details:

Business structure: Precast concrete manufacturer asset sale or share sale to be negotiated
Delivery: Regional MurrayDarling Basin and nationally
Site area: ~27,133 sqm (leased, ~48% of total site) Freehold option available
Annual rent: $29,426 + GST (static for 5+ years) 5 5-year lease options available
Standing staff: 12 (seasonal fluctuations up to 25)
Vendor support: Up to 12 months (negotiable) Baseline of 6 months training
Price: Expression of Interest
Deposit: 10% on Agreement to Purchase
Due diligence: 30 days
Settlement: Within 60 days of signed Letter of Offer

How to Proceed:

To receive the full Information Memorandum, detailed normalised P&L with add-back workings, three years of financial statements, the Slattery plant and equipment report, and the organisational chart, prospective purchasers must:

• Execute a Confidentiality Agreement (CA) with Benchmark Business Sales & Valuations
• Demonstrate financial capacity to proceed
• Contact the exclusive agents listed below

EXCLUSIVE AGENTS

Ziggy Frankenfeld CA, RBV
Benchmark Corporate
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Andrew Morris
Benchmark Corporate
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EM *********