2016 was a tumultuous year on all accounts. With political uncertainty arising from Brexit and the unexpected results of the US election, along with economic uncertainty as China imposed tighter
This is a perennial question for most business owners contemplating an exit. The simple and truthful answer to the question, what is my business worth? Is that the business is worth whatever a buyer says it’s worth, provided the vendor agrees at a point in time! That’s it, simple. The fun starts when the vendor disagrees with the buyer and now we have a valuation gap.
Congratulations to Alistair Hood and his fellow shareholders on the successful sale of their business Ashton Manufacturing to Reilly Best. Ashtons are the leading casket manufacturer in Australia.
Congratulations to Stuart Edgely and his team at Emerald on the successful sale of their Alarm division to Red Smoke Alarms. The merged entities have now re-branded as K.P.S Australia Pty Ltd. We wish the buyer and the vendors well, confident there is strong alignment and a good-fit and that this deal made sense for everyone.