Gordon McKay Group to Citywide Service Solutions

Gordon McKay Group to Citywide Service Solutions


Divest Merge Acquire advised the owners of Gordon McKay in their successful sale to Citywide Service Solutions.









Location: Southern States
Targets: 2500
Responses: 41

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

Gordon McKay Pty Ltd was established in 1953 as a family business serving farming communities and interests in Victoria’s south-west. It acquired Frontline Electrical in 2017. Today, Gordon McKay's dedicated and highly-qualified team of more than 200 industrial electricians and technicians delivers project and electrical maintenance services to a multinational client base operating in Victoria and Tasmania.

www.gmckay.com.au

About Citywide

Citywide is owned by the City of Melbourne. It operates independently, overseen by an independent non-executive Board. Citywide provides civil construction, infrastructure maintenance, traffic management, open space and arboriculture management, as well as waste management service solutions to clients including local councils, utilities and commercial enterprises across the eastern states of Australia.

www.citywide.com.au

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.

Gavin McKay, Gordon McKay Group & Frontline Electrical

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