Gordon McKay Group sold to Citywide Service Solutions
Divest Merge Acquire advised the owners of Gordon McKay in their successful sale to Citywide Service Solutions.
Gordon McKay Group comprises Gordon McKay Electrical and Frontline Electrical Services.
With principal owner, Gavin McKay, ready to retire, DMA was engaged to facilitate the sale process.
The process attracted more than 40 interested parties. Citywide stood out as favoured bidder and terms were agreed.
Due diligence and sale purchase agreement were completed and transaction completion occurred smoothly.
Refer below for announcements:
https://www.citywide.com.au/detail/citywide-completes-acquisition-of-electrical-services-businesses
https://www.gmckay.com.au/2020/11/gordon-mckay-frontline-electrical-join-the-citywide-group
About Gordon Mckay
About Citywide
I wish to pass on my heartfelt and sincere thank you for an outstanding job in everything you have done in selling my businesses. We started our discussion with you back in February 2019 so it’s been a bit of a marathon but at no stage have you or your team dropped the ball. There are many facets of your overall service which I would like to mention, far more than just trying to find a buyer and making a sale. You have always been very open and authentic in any discussions and dealings with all parties. Your availability to travel to meetings, respond to phone calls, provide information is unquestionable. Clearly this is something that most people, myself included would only do once in their lifetime. You have always been there to hold our hand and walk us through the various stages of the transaction. You have given us confidence throughout this transaction. The way you and your team have managed the data room and information has been fantastic and certainly generates a high level of confidence to the prospective buyer. This process does bring up some emotional challenges from time to time but you have always been there for us passing on sound ideas and wisdom which has gone a huge way to keeping us and the transaction on track. I will be forever grateful for your support and achieving the ultimate outcome, but you provide far more than just a sale. Once again a huge thank you to you and your team, everyone has done an outstanding job and I would have no hesitation in recommending you to any other buyer or seller.