Downey Engineering to SAFEgroup Automation
Divest Merge Acquire advised the owners of Downey Engineering in their successful sale to SAFEgroup Automation.
Location: SE Qld
Downey Engineering’s long-term owner wanted to retire after building the business for over 20 years. He was seeking a strategic buyer who had the experience and capability to take over their blue-chip client base and established team of staff.
Shortly after going to market, the business received multiple offers from industry players giving the seller the ability to choose the best option for him and the company.
Safegroup Automation was the successful bidder with a strong match in skillsets and company culture.