Waikato Hydraulics — $2.4M, 14 weeks
Bruce Kingi ran a 22-staff hydraulic hose and fitting workshop in Frankton for 31 years. He wanted to sell to someone who would keep the team employed and close before trout season.
We valued the business at $2.1M on a multiple of 3.2× normalised earnings. Two buyers made offers; the successful bidder, an Australian trade group expanding into the Waikato, paid $2.4M on a vendor-financing split. Bruce was fishing in the Tongariro by March.
Result: 12% above valuation · 14-week timeline · all staff retained