Family firm finds new family buyer
Family Firm Finds New Family Buyer in Strategic Acquisition
Australian family-run construction contractor Ahrens has strengthened its position in the fit-out sector with the acquisition of East Coast-based firm A&P Parkes Constructions. This strategic move allows Ahrens to broaden its expertise and expand its service offerings in key markets.
A&P Parkes: A Legacy of Excellence in Retail Fit-Outs
Established in 1985, A&P Parkes Constructions built a strong reputation across New South Wales and Victoria, particularly in the retail banking sector. The firm has played a pivotal role in overseeing refurbishments and fit-outs for major banking institutions, making it a trusted name in the industry.
Ahrens: A Fifth-Generation Industry Leader
Ahrens, a fifth-generation family-owned construction, manufacturing, and engineering group, has a long-standing history of delivering industrial and commercial buildings across various sectors. The company specializes in projects for farming, mining, material handling, and infrastructure, providing end-to-end solutions to clients across Australia.
Strengthening Market Presence and Expertise
The acquisition of A&P Parkes enables Ahrens to leverage the firm’s expertise in fit-outs and refurbishments, expanding its portfolio within the retail and commercial sectors. This move aligns with Ahrens’ long-term strategy of growth through diversification, ensuring it continues to meet the evolving needs of clients.
Expert Advisory on the M&A Transaction
The shareholders of A&P Parkes were advised by experienced dealmakers Mark Sapsford in the UK and Richard Barlow in Sydney. Their guidance ensured a smooth transition, allowing Ahrens to integrate A&P Parkes seamlessly into its operations.
A Future of Continued Growth and Innovation
With this acquisition, Ahrens reinforces its commitment to delivering high-quality construction solutions while maintaining its family-driven values. The integration of A&P Parkes further strengthens its capabilities, positioning the company for continued growth and success in the construction and fit-out sectors.
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