PRESS RELEASE: SRO Group sold to Murray Engineering – Johnsons Corporate Divestment

April 2016

Example of an SRO Electrical custom control panel

Johnsons is pleased to announce the sale of a private, mid-sized Australian business to a trade buyer in the same industry sector. After facilitating a comprehensive, end-to-end sales and negotiations process, our client – SRO Group – has been acquired by Murray Engineering for an undisclosed amount. SRO Group is a leading electrical engineering business with operations in Australia and China that provides turnkey solutions for the design, manufacture and integration of electrical infrastructure for heavy industrial projects. Murray Engineering is a Western Australia resources services provider.

The Johnsons team were pleased to act as lead advisors to SRO Group and would like to extend our congratulations to both the vendor and purchaser.

In 2015, SRO Group engaged Johnsons to find an investor to help take the business to the next level. This was Johnsons second engagement with the Business, having previously divested the Group’s mechanical division in 2013.

For Murray Engineering the acquisition opportunity represented a chance to create a national presence. Managing director, Craig Lindsay-Rae, said the acquisition was a union of two like-minded companies. “SRO’s expertise and professionalism provides Murray Engineering with electrical and mechanical opportunities on the eastern seaboard.”

For over 50 years Johnsons Corporate has specialised in the provision of business sales and acquisition services for mid-sized, private Australian companies. Our clients get results because Johnsons’ approach is specifically designed for the mid-market business sector, targeting financial and synergistic trade buyers. Custom research and direct marketing capabilities, combined with expertise in sales and negotiations, create a service unavailable elsewhere in the field of traditional business broking and corporate advisory.