Telstra Purple seeks an industrial automation alliance

23.3.2022

InterFinancial would like to congratulate long-term client Alliance Automation on their successful sale to Telstra Purple.

Alliance, one of Australia’s largest independent providers of Industry 4.0 industrial automation solutions and control systems, was an excellent fit for Telstra’s strategy to expand its digital transformation services, industrial automation capabilities, digital twin, smart spaces and OT cyber security offerings.

Founded in 2010, Alliance is headquartered in Brisbane with nine offices around Australia and more than 250 engineers and consultants.

InterFinancial’s relationship with Alliance started in 2019 when IFL advised on the buyside for listed energy provider to commercial clients, ERM Power Limited. At the time, ERM was growing it’s Energy Solutions capability and saw Alliance’s capability in automation and control as providing ERM Power greater ability to design and implement demand response strategies for clients. At the time, ERM acquired 50% of Alliance with the remaining stake held by founder, Matt Griffiths.

As Alliance continued to grow organically throughout Australia, InterFinancial then advised Alliance Automation in its bolt-on acquisition of Adelaide-based APC Integration to expand its geographic coverage and customer base in South Australia.

Following Shell’s acquisition of ERM Power, it was determined that an international energy trading company was not the logical future owner of 100% of Alliance Automation, and hence were looking to exit their investment and properly succession plan for Founder, Managing Director, and 50% shareholder, Matt Griffiths. InterFinancial was engaged to advise on a sale process of Alliance on behalf of the two owners.

InterFinancial ran an international process, fielding interest from private equity, engineering, and professional services companies, however it was in the technology consulting sector that saw the most strategic value in Alliance, with large growth currently being seen in digital transformation and the automation of enterprise operations – also known as “Industry 4.0”.

The ability to provide top-to-bottom solutions for clients across both operational technology (OT) and traditional information technology (IT) was seen as a major driver for the transaction.

Telstra Purple emerged with an offer which suited the needs of both shareholders and resulted in an outstanding return on ERM Power’s initial investment.

InterFinancial represented Alliance throughout the process, from helping the shareholders to understand the valuation of the business to preparing the sales material, approaching potential investors, modelling various transaction scenarios, negotiating the term sheet, managing the due diligence process, and overseeing final contract negotiations.

I’ve been extremely happy with the work done with IFL over the last three years. After originally encountering them on the other side of the table when ERM Power acquired 50% of Alliance, they have been nothing but an extremely diligent, ethical, and creative partner. The experience with them on the other side of the negotiation table was the reason why I opted to have them advise in the sale of Alliance. Whether it was presenting the Alliance story to investors, driving negotiations, or assessing the offers of the various interested parties, we could always rely on Mike and Sharon to provide clear and frank advice and represent Shell and my best interests.

– Matt Griffiths, Founder & Managing Director – Alliance Automation

31.3.2025

Sector dashboards March 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
Solar panels and wind turbines in the middle of a field
31.3.2025

Towards net zero: Four key considerations for organisations on a decarbonisation journey

Strong geo-political, social and economic forces are influencing the pace of global investment in decarbonisation. Driven by economic factors, the Trump administration’s stance to curb action on climate change stands at one end of the decarbonisation investment approach, whereas other countries in Europe and Asia Pacific (including Australia) recognise they are behind in their quest […]

Read more
31.3.2025

Building an M&A dream team – What you need to know

As the old saying goes, there’s no I in team. But there is an M&A!  One of the most crucial factors determining the success (or otherwise) of a business sale or acquisition is selecting the right team. Transactions are hard work and typically involve a set of skills that are unfamiliar to a business owner. […]

Read more
31.3.2025

Employee Q&A: Brad Shaw

From mining sites to boardrooms, Brad’s career has spanned various industries, continents and more air miles than he can count. As InterFinancial’s CEO, he’s led multiple businesses through growth, change, and the curveballs – always with a strategic eye on what’s next.   With his 25+ years of experience, Brad has seen what works (and what […]

Read more
Businessman putting money on stack of coins with tree on top of it
26.2.2025

Is your business investment ready? How to raise enterprise value from an investor’s lens.

Working ON your business is just as important as working IN your business.   For many business owners, their business is their primary asset. But like with any asset, it requires regular maintenance to ensure it remains competitive, profitable, and most importantly, investment ready.   It’s important to consider the following key questions towards becoming investor ready:  […]

Read more
26.2.2025

Sector dashboards February 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
29.1.2025

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
29.1.2025

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
29.1.2025

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