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Onsite sold to Sime Darby for $635m
Australian business-to-business equipment rental service provider Onsite has been sold to Sime Darby Allied Operations.
Jerome Doraisamy
Firm: MinterEllison (Onsite Rental Group Limited)
Area: Merger and acquisition
Value: $635 million
Key players: The Minters team was led by partners Daniel Scotti and Nicole Sloggett, who were supported by Joshua Waters, Edward Elliott, Liam Tomlinson, and Michael Swain, as well as firm specialists in property, employment, planning, IP, IT and finance.
Deal significance: Mr Scotti said: “We congratulate the parties on achieving this milestone transaction in challenging economic conditions. The transaction demonstrates the resilience of the Australian market and the quality of Onsite’s business and management team.”
Ms Sloggett added: “We were pleased to support Onsite in achieving a great result in this transaction. The sale will help Onsite to expand its operations, access new markets and enhance its offering to accelerate growth and contract wins.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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