Stealth sells BSA Brands (UK) to Bisley Workwear for A$2.0mn

SYDNEY, AUSTRALIA: Stealth Global Holdings (ASX: SGI) has entered into a binding agreement to sell its 50% equity holding in BSA Brands (UK) to Bisley Workwear for a total cash consideration of approximately A$2.0 million. BSA was established in March 2019 as a 50/50 Joint Venture between Stealth and Bisley Workwear in the United Kingdom.…

Stealth Global Holdings acquires United Tools Limited

SYDNEY, AUSTRALIA: Stealth Global Holdings is expanding its Australian retail footprint, buying power, and market position, through the acquisition of United Tools Limited (UTL) for $24,000 cash plus a deferred market subsidy of $1.25 million over two years. United Tools is one of Australia’s largest buying & distribution co-operatives of independent retailers, selling tools, industrial…

Stealth Global Holdings to acquire Heatley Sales for A$4.2 million

SYDNEY, AUSTRALIA: Stealth Global Holdings’ subsidiary, Heatley Sales Pty Ltd has reached an agreement to acquire the business assets of Skipper Transport Parts (STP) for A$4.2 million. STP is currently an operating division within AMCAP, a subsidiary of Eagers Automotive Limited, Australia’s largest automotive retail group. STP is a market leading distributor of Industrial MRO…