PKF assists IBS A.V. (Aust) Pty Ltd in sale to Engie Services
09 Aug 2017
IBS A.V. (Aust) Pty Ltd (“IBSAV”) is engaged in the provision of commercial Pro audio visual design, integration and support services to the Victorian market. The company has a successful history of implementing and delivering installation projects for nearly 30 years.
Established in 1988 and originally focused, on the provision of service maintenance for commercial and broadcast hardware and systems, the business has grown from humble beginnings to employ in excess of 100 staff.
Completion of the sale has recently occurred.
The PKF team was led by Corporate Finance Partner Steven Perri who was assisted by Stefan Galbo and George Portou.
Mr Perri congratulated the IBSAV shareholders on achieving this important milestone in the succession of their business, noting that Managing Director Ian Ward has accepted an offer to remain with Engie and continue to develop & further grow the Engie brand within the AV market: “We are very happy to have assisted the IBSAV shareholders in the sale of their business and the successful completion of this transaction is a testament to the established reputation of the business in the Victorian market”.
Tax and advisory services were also provided by George Psarologos of LDB Accountants & Advisors with legal services to the transaction having been provided by David Schiavello of MinterEllison.