Victoria’s business sale landscape
Victoria accounts for a disproportionate share of Australia’s lower-middle-market M&A activity. Melbourne’s density of financial services firms, PE funds, and family offices creates significant local acquisition appetite — and Victoria’s strong representation in healthcare, manufacturing, professional services, education, and technology makes it one of Australia’s most sought-after markets for business acquirers.
For Victorian business owners, this is a genuine advantage — provided you go to market with the right positioning and reach the right buyers. The state’s sophistication cuts both ways: buyers know what a quality business looks like, and they price accordingly when they find one.
Regions we work across
Berngate works with businesses across all of Victoria — not just the Melbourne CBD.
Melbourne Metro
CBD, Docklands, Southbank, inner suburbs, and Melbourne’s broader metropolitan area — the core of Victoria’s M&A activity and the home of most of the state’s active acquirers.
Geelong & Surf Coast
Victoria’s second-largest city and one of Australia’s fastest-growing regional economies. Strong in manufacturing, professional services, and healthcare — with increasing interest from Melbourne-based acquirers.
Ballarat & Central Highlands
A regional economy with depth in healthcare, education, retail, and trades services. Businesses here often represent niche market leaders that attract strategic buyers seeking regional reach.
Bendigo & Loddon Campaspe
Growing professional services and healthcare market with strong community infrastructure. Regional Victoria’s healthcare consolidation has made businesses here increasingly attractive to platform buyers.
Latrobe Valley & Gippsland
Industrial, energy, and agricultural businesses with established supply chains and long-standing government and commercial contracts — sectors with clear strategic appeal to the right acquirer.
Mornington Peninsula & Outer East
High-density small business market across retail, trades, hospitality, and professional services. Businesses with strong recurring revenue and management independence attract serious interest.
Victorian sectors with strong buyer appetite
Victoria’s economic breadth means buyer appetite extends across many sectors. The most active in Victoria’s current M&A market include:
- Financial services — accounting, financial planning, insurance broking, mortgage broking, SMSF administration
- Healthcare — GP clinics, dental practices, allied health networks, NDIS and disability support providers
- Technology and software — B2B SaaS, managed IT services, digital platforms
- Manufacturing — precision engineering, food production, industrial components
- Education and training — registered training organisations, early childhood, tutoring networks
- Professional services — engineering consultancies, environmental services, legal and accounting practices
- Logistics, warehousing, and distribution businesses with established contracts
- Construction — commercial builders, specialised trades with government or tier-1 contractor relationships
- Agribusiness — food processing, agricultural services, and rural supply businesses
What makes Victorian businesses attractive to buyers
Acquirers are looking for specific qualities when evaluating a Victorian business. The businesses that attract the most competitive offers typically share these characteristics:
- Recurring revenue — contracts, subscriptions, or high-repeat customer rates
- EBITDA margins that hold after normalisation of owner-related costs
- Clean, auditable financial records across the last three years
- No single customer representing more than 20% of total revenue
- A management team capable of operating without the founder
- Geographic or demographic growth tailwinds — population growth corridors, ageing population exposure
- Scalable operating model — systems, processes, and IP that a new owner can build on
Our approach for Victorian business owners
We don’t list — we source
Your business never appears on a marketplace. We build a targeted buyer list — PE firms, family offices, and strategic acquirers — and approach them directly and confidentially.
Local knowledge, global reach
Victoria is our home market, and we know its buyer community well. We also go beyond it — bringing international buyers into your process to create competitive tension and better outcomes.
No tyre-kickers
Every buyer we introduce has signed an NDA and been qualified for intent and capacity. Your time is spent in conversations that can actually lead somewhere — not filtering out time-wasters.
Aligned to your outcome
Our success fee is tied to your sale price. We don’t earn unless you do — which is why we treat every Victorian mandate with the urgency and rigour it deserves.