Founded in 1997, Mipac Holdings Pty Ltd has operated for nearly 25 years on projects in Australia and internationally. Mipac employs 85 employees across its offices and project site locations. The business is headquartered in Brisbane and has a satellite office in Vancouver. Mipac has a proven business model and long term relationships with tier 1 and other clients requiring continuous control systems solutions for complex, business critical operations, primarily in the mineral processing, energy and water industries.
GR Engineering Services Limited [ASX:GNG] specialises in providing fixed price engineering design and construction services to the global resources and mineral processing industries. As a group, GR Engineering employs more than 500 professional, technical and support staff throughout Australia and internationally, in addition to a direct construction workforce and subcontracted personnel.
InterFinancial worked with Mipac over an extended period to help assess options for succession planning, and to implement business improvement measures. As a long term client, we are delighted to have helped Mipac consummate a relationship with a high quality partner who will help take the business to the next phase of its growth journey.
The transaction value was $21.4m with a further consideration of up to $6.9m subject to Mipac achieving EBITDA targets.

Sector dashboards January 2025
Our monthly sector dashboards are out! Our dashboards look at the valuation multiples across seven key sectors, each made up of a number of subsectors. The data takes into account the sale prices of similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the […]
Read more
Done deal? Why many Mergers and Acquisitions miss the mark
Mergers and Acquisitions (M&A) are often seen as a golden ticket for businesses aiming to expand, achieve economies of scale, or diversify. Yet business history is littered with stories of failed acquisitions that have eroded value rather than enhanced it. Look no further than Catch.com, which is still in the news cycle. Why? Below are […]
Read more
Employee Q&A: Lucy Clarke
We’re excited to dive into a round of Q&A with Lucy Clarke, a talented and passionate M&A Associate at InterFinancial. In this post, Lucy shares her insights on the daily grind, the rewarding aspects of her role, and the challenges she overcomes. Join us as we explore what it’s like to be an M&A professional […]
Read more
Sector dashboards December 2024
Our monthly sector dashboards are out! Our dashboards look at the valuation multiples across seven key sectors, each made up of a number of subsectors. The data takes into account the sale prices of similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the […]
Read more
Sector dashboards November 2024
Our monthly sector dashboards are out! Our dashboards look at the valuation multiples across seven key sectors, each made up of a number of subsectors. The data takes into account the sale prices of similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the […]
Read more
Celebrating 10 years with Andrew Wheeler
What do determination and a talent for building long-term relationships have in common? Andrew Wheeler, of course! As we celebrate his decade-long journey with InterFinancial, it’s clear why he’s such a key part of the team. Originally from South Africa, Andrew’s great communication skills and persuasive nature ensure he never lets an opportunity slip by. […]
Read more
How the 2024 USA elections could shape Australia’s M&A landscape
As we consider the potential impact of another Trump presidency on the Mergers and Acquisitions (M&A) landscape, it’s impossible to ignore the spillover impact that Trump’s regulatory and economic policies can have on Australia. With his return to the White House, we can anticipate a wave of both opportunities and challenges for the Australian M&A […]
Read more
Employee Q&A: Anuk Manchanda
We recently sat down for a chat with Anuk Manchanda, our talented M&A Director here at InterFinancial. With over 12 years of solid experience under his belt, Anuk shares what drives his passion for M&A, how he builds meaningful client relationships, and the key lessons he’s picked up along the way. With a background that […]
Read more
China M&A market briefing as of October 2024
The Chinese economy is undoubtedly undergoing fundamental shifts due to a combination of factors, including slowed economic growth, ongoing political tensions with the West, a large aging population and changing demographics. Since the beginning of 2024, the capital market in China has witnessed several significant shifts in various industries and sectors. Sluggish IPO market; […]
Read more