Mountcastle Pty Ltd

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Mountcastle Pty Ltd - overview

Established

1835

Location

Brisbane, QLD, Australia

Primary Industry

Consumer Products

About

Mountcastle Pty Ltd, based in Australia, specializes in manufacturing headwear, uniforms, and accessories, catering to a wide array of clients in the educational and corporate sectors, while also expanding its presence in international markets. Founded in 1835 in Brisbane, Australia, Mountcastle Pty Ltd produces high-quality headwear and uniforms. This long-established company is noted for its pivot towards expanding its international presence, which has allowed it to serve a growing client base in both the B2B and B2C sectors. The company recently completed a deal on October 29, 2024, when Hancock & Gore acquired Mountcastle Pty Ltd, integrating it with Schoolblazer Limited and Trutex Ltd to form the Schoolblazer Group.


Mountcastle Pty Ltd specializes in the manufacturing of high-quality headwear, uniforms, and accessories, catering to the diverse needs of the Australian market. The company's core offerings include a wide range of hats, such as pilot caps and tudor bonnets, and corporate and school uniforms. These products serve various end-use cases, from providing protection against the elements to ensuring comfort and style in professional and educational settings. Over its 185-year history, Mountcastle has built a client base that includes individuals, schools, and corporate entities across Australia and is increasingly expanding into international markets.


The company’s commitment to quality is reflected in its continuous improvement processes, ensuring that all garments meet high standards of durability and style while also adhering to sustainability practices. Mountcastle Pty Ltd generates revenue through direct sales of its products to consumers, businesses, and educational institutions, marking its presence in the B2B and B2C sectors. The company operates under a transactional structure where clients can purchase products directly or through partnerships with retailers and wholesalers across various regions. With a focus on flagship products like its durable headwear and premium school uniforms, transactions typically occur at the point of sale, where customers select items based on specific needs and preferences.


The pricing structure reflects the quality and craftsmanship of the garments, aiming to deliver value for money to both end-users and commercial customers. Overall, Mountcastle’s revenue model is built on consistently meeting the demands of its diverse clientele while maintaining a commitment to high-quality standards. In October 2024, following the acquisition by Hancock & Gore, Mountcastle Pty Ltd will be combined with Schoolblazer Limited and Trutex Ltd to operate under the Schoolblazer Group brand. This strategic move aims to position the new entity as a leading global branded uniform provider.


The company is expected to launch new product lines to enhance its offerings while expanding into new international markets, further solidifying its presence in the global marketplace.


Current Investors

Schoolblazer Group

Primary Industry

Consumer Products

Sub Industries

Accessories, Clothing, Schools

Website

www.mountcastle.com.au

Verticals

Manufacturing

Total Amount Raised

Subscriber access only

Mountcastle Pty Ltd - financials

Fiscal Year EndedSep 30, 2004Sep 30, 2005Sep 30, 2006Sep 30, 2007Sep 30, 2008Sep 30, 2009Sep 30, 2010Sep 30, 2011Sep 30, 2012Sep 30, 2013Sep 30, 2014Sep 30, 2015Sep 30, 2016Sep 30, 2017Sep 30, 2018Sep 30, 2019Jun 30, 2020Jun 30, 2021Jun 30, 2022
Revenue (USD)8,560,7379,729,50510,067,914----------------
% Revenue Growth (YoY)-13.7%3.5%----------------
EBITDA (USD)967,8641,137,2581,500,447----------------
Operating Income (USD)795,378988,6931,364,563----------------
Operating Margin9.3%10.2%13.6%----------------
% EBITDA Margin11.3%11.7%14.9%----------------
NET Income (USD)377,706641,942815,586----------------
% Net Margin4.4%6.6%8.1%----------------

Mountcastle Pty Ltd - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, LP DirectCompletedMountcastle Pty Ltd, Schoolblazer Limited-

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