CDI Global guides Successful Industrial Industry Divestment

Newcomb Sand and Soil enlisted CDI Global to negotiate sale to Daisy's Garden Group
By: CDI Global
 
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MELBOURNE, Australia - March 22, 2022 - PRLog -- CDI Global, an international M&A advisory firm, is pleased to announce the successful divestment of Newcomb Sand and Soil (NSS) to Daisy's Garden Group.

NSS engaged CDI Global Australia (CDIANZ) to develop a divestment plan and information memorandum. CDI Global worked to identify potential acquirers for NSS, and begin a dialogue with each potential entity, overseeing communication.

"We would like to thank CDI for their diligence, advice, persistence and patience in the process of getting the deal for the sale of NSS wrapped up. We acknowledge and sincerely appreciate your efforts and would have no hesitation in recommending your services," said David Dunoon, NSS, Managing Director.

NSS was established in 1958 and is a vertically integrated business who has retail operations, project sales, managed sandpits and recycling operations that value add products for the retail and wholesale divisions. It is the regional market leader in its field.

CDI Global identified Daisy's Garden Group who is a leader in the Melbourne retail landscape supply market place, as an ideal acquirer for NSS. CDI Global went on to negotiate and finalise the non-binding offer, and develop and manage the virtual data room, corporate advisors and face to face meetings between NSS and Daisy's Garden Group. NSS was an ideal acquisition for Daisy's Garden Group based on NSS regional location and its business structure fitting Daisy's Garden Group strategic aim to be the leading garden supplies business in Victoria.

CDI ANZ Partner Chris O'Connor said, "We could not be more pleased about our role in the transaction. It was great working with NSS and their team for the sale to Daisy's Garden Group. It is a perfect fit and will utilise NSS capabilities throughout the region. The goodwill and professionalism of NSS and Daisy's Garden Group is a positive sign of the future success of the transaction."

CDI Global specializes in finding the right opportunities for cross-border mergers and acquisitions, using their international offices that integrate their network to provide on location expertise and support.

About CDI Global

CDI Global offers financial advisory services focusing on middle-market transactions. The firm specializes in international company search for mergers and acquisitions, divestitures and joint ventures, buy-side and sell-side representation, and due diligence advisory services. They have over 1,000 transactions completed in the past 35+ years covering more than 25 industries. CDI Global was founded in 1973 and is based in Chicago, Illinois with 35 additional offices in Asia, Europe, North America, Oceania, and South America. They are known for the quality of their international personnel, industry focus, trademark interview process, and in-depth business development expertise.

Local knowledge, global reach.

For more information, please visit https://www.cdiglobal.com/pt/transactions

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Tags:CDI Global, M A, Mergers, Acquisitions, Newcomb Sand and Soil, Daisy Garden Group
Industry:Business, Consumer
Location:Melbourne - Victoria - Australia
Subject:Mergers
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