“Recently I was pleased to finalise the sale of the Broens Group, a very large national precision engineering company I founded in 1979. Broens operates on two very large sites, with modern facilities on land of 25,000m2 in Ingleburn NSW and 44,000m2 in South Australia. Broens has some of the most advanced and sophisticated equipment including a “state of the art metrology capability” installed in Australia.
We have over 110 highly skilled staff members and are proud of the many apprentices we have trained and contribution we have made to the engineering industry over the years. The engineering industry in Australia has in recent years been going through a very tough and transformational period and I was well aware that to sell my company would be a difficult challenge and not for the faint hearted!
Key to successfully selling the business was the engagement of a company that had a good understanding of engineering, understood our products and services and was able to “talk the talk” with prospective buyers at CEO and senior management level. I selected Richard Tamba (BRT) and associate, Jonathan Seddon of Optimal Business Advantage (Optimal) to conduct the sale process. I was very pleased with the level of professionalism and advice that they brought to the business plus their assistance and participation as part of an Advisory Committee which we established in support the sale process.
Jonathan and Ric conducted the sale over an extended period of time and with an exhaustive process, they approached all of the key industry prospects and identified many more. Optimal & BRT were involved in negotiating the final deal including suggesting various deal alternatives and also provided considerable behind the scene support and transaction experience.
Their insight and advice was invaluable when dealing with our professional partners. Now with the Broens Group sold to Forgacs, I would certainly recommend the intermediary services of Optimal & BRT to facilitate the sale of sophisticated engineering or technical business”.