Industrial and safety supplies business ATOM on block, bank appointed

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Fast-growing industrial and safety products supplier ATOM is seeking a cashed-up buyer to take its secretive majority shareholder out of the picture.

The company, run by Singapore-based Jason Johnson, pulls in about $40 million in earnings before interest, tax, depreciation and amortisation. The vast majority of revenues come from its Australian business, but it also operates the largest industrial tools supplier in Papua New Guinea and Solomon Islands, under the Bishops moniker.

ATOM operates warehouses in every Australian state selling supplies boots, masks, fasteners and the like. It’s pitched to high-vis workers as a “local hardware warehouse but on an industrial scale”.Founder Mark Bishop and his son, Scott, own 90 per cent of the business. CEO Jason Johnson, a former private equity operative who started his career at Allegro Funds, holds the remainder.

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