Burson Group Limited
(ASX:BAP) has entered into binding agreements to acquire two specialist wholesale businesses.
Bearing Wholesalers is an automotive bearings reseller. Meanwhile Precision Automotive Equipment imports, distributes and services automotive workshop equipment.
The acquisitions are expected to add approximately $40 million in annual sales and $6 million in annual EBITDA to the Burson Group on a consolidated basis.
Burson’s total investment in the acquisitions will be $32 million in shares and cash. The acquisitions are expected to be completed by 1 April 2016.
Burson Group recorded a net profit of $19.51 million at 30 June 2015.
