IBS AV (Aust) Pty Ltd trading as Pro AV Solutions Victoria - Sale Advisory
PKF advised IBS AV (Aust) Pty Ltd (IBS AV) on their sale to international group Engie Services (Engie).
IBSAV is engaged in the provision of commercial pro audiovisual design, integration and support services to the Victorian market. The company has a successful history of implementing and delivering installation projects for nearly 30 years.
Established in 1988 and originally focused on the provision of service maintenance for commercial and broadcast hardware and systems, the business has grown from humble beginnings to employ in excess of 100 staff.
Completion of the sale occurred in September 2017.
In what was at times, a complex transaction involving a number of challenging issues to be commercially dealt with to ensure a mutually beneficial transaction for both vendor and acquirer, PKF was proud to have assisted IBSAV in reaching this successful outcome.
Managing Director of IBSAV, Ian Ward has accepted an offer to remain with Engie and continue to develop and further grow the Engie brand within the AV market.