Maddocks has advised MaxiPARTS Limited (ASX: MXI), one of Australia’s leading independent commercial vehicle parts distribution companies, on its acquisition of Air Brake Systems (ABS), a supplier of brake system components for heavy duty trucks, buses and trailers.

ABS is one of three authorised Wabco OE brake distributors in Australia and also distributes other leading brands including Raufoss, Kongsberg, Knorr-Bremse and Haldex. 

The acquisition marks a major step in MaxiPARTS Limited’s growth strategy and strengthens its position in the commercial and heavy vehicle parts market. 

Maddocks advised MaxiPARTS Limited on all aspects of the transaction, delivering an integrated and commercially focused approach. Special Counsel Jacqui Picone commented:

"MaxiPARTS Limited saw a clear opportunity to bring a specialist, market-leading brake business onto its national platform. Our role was to help the Group move efficiently from agreement to completion while protecting its position through a deal structure tied to future performance.”

The Maddocks team advising MaxiPARTS Limited was led by a Commercial Group team including Partner Ron Smooker, Special Counsel Jacquline Picone, Senior Associate Oliver Wahlstrom and Lawyer, Jess Abrahams.

This deal marks another transaction in the longstanding relationship between Maddocks and MaxiPARTS Limited, with the firm having assisted the company in all of its M&A activity since 2021.