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Engineering parts biz HMA Group seeks backer; $200m valuation tipped

HMA Group, which sold $144 million worth of capital plant equipment to the likes of Glencore and Thiess last year, has sent PKF Corporate Finance out to find a buyer for the employee-owned business, which is expected to be worth north of $200 million.

HMA sells parts used in equipment at mining and infrastructure sites. 

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/engineering-parts-biz-hma-group-seeks-backer-200m-valuation-tipped-20240522-p5jfly