InterFinancial continues to power ERM05.7.2019
InterFinancial has advised energy retailer and energy solutions provider ERM Power on its 50% acquisition of industrial automation and electrical engineering company, Alliance Automation.
Alliance Automation is one of the largest independent electrical engineering and automation solution providers in Australia, with a team of more than 190 people and offices in Queensland, New South Wales, Victoria and South Australia.
The company was founded in 2010 and specialises in delivering value-added industrial automation solutions, consultancy and support to customers in a range of sectors including manufacturing, infrastructure, water and waste-water, oil & gas, and mining.
InterFinancial has worked with ERM Power over an extended period, helping to refine its acquisition strategy, identifying targets, and progressing potential investments. This marks the second transaction that InterFinancial has advised ERM on, following the acquisition of Out Performers in September 2018, and are continuing to work with management to meet ERM’s stated objective of growing its Energy Solutions business.
Read the announcement from ERM Power here.