BOSS Engineering – partnership with Alceon
Miles Advisory Partners advised the shareholders of BOSS Engineering (BOSS) on their equity partnership with Alceon, a private equity investor specialising in partnership deals with Australian founder-led & family-owned businesses.
Transaction Details
Sector
Industrial
Miles Role
Sell-side advisor to the shareholders of BOSS
Deal Type
Business Divestments
Year Completed
2024
Contacts for this Transaction
Ryan Jordan
Managing Director
Jack Atkins
Director
Overview
- BOSS is a leading engineering business specialising in the design & manufacture of premium agricultural equipment
- The core product offering includes planters, seeders & related tractor attachments supporting broadacre farms
- The products are typically sold direct to customers, with BOSS occupying a market-leading position across New South Wales & Queensland
- The business benefits from proprietary equipment designs drafted specifically for the harsh Australian farming conditions, and a highly-automated manufacturing process driving superior product quality & margin
- The equity partnership with Alceon provides further capital and expertise to support continued new product development, and penetration into new geographic markets
Industry Context
The transaction highlighted a number of highly-relevant industry thematics, including the market shift towards equipment capable of supporting tech-enabled precision agriculture and environmentally friendly farming techniques, and the mission-critical importance of high-quality, reliable planting & seeding equipment to maximise yield in the context of rising farm operating costs.
