ABL Corporate Partner, Michael Dodge and Lawyer Emily Ellis-Czerkaski advised the business owners on the transaction.
As reported in The Australian Financial Review, Opteon, a national provider of property valuation and advisory services, is reorganising its group structure and forming a new corporate structure. The amalgamation will allow the group to retool with new software and to build scale by expanding its business advisory services through strategic acquisitions. As Opteon Chief Executive, Chris Knight, told The Australian Financial Review: “We're very open to both Australian and international expansions," he said.
ABL Partner Michael Dodge commented further on the transaction: “We are delighted to have advised on this transaction. It takes foresight for a business to identify the market challenges (such as the threats of disruption) that it is facing. But, real business leadership requires courage. It takes courage to reshape a business structure to meet the market challenges head on. An amalgamation is not an easy process, as it can be disruptive to the business and the relationship of the principals. We were therefore pleased to assist in helping to shape this process to achieve the desired business objective.”
ABL's involvement in the deal was covered in Lawyers Weekly.
Valuer Opteon buys franchisees, aims to double revenue was written by Michael Bleby and published in The Australian Financial Review on 8 February 2017. It is licensed by Copyright Agency and has been reproduced with the permission of the publishers via Copyright Agency Limited. You must not copy this work without permission.
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