Ian Haggerty

From the beginning Ian Haggerty was very professional and in every conversation he demonstrated his industry knowledge and expertise as a broker. Des Pawelski , 12 Aug 2020 I have been in business for 51 years as cladding contractor with up to 100 employees who work in a factory and on larger commercial building sites. Two years ago I reached the stage where I felt that I should look to sell the business and started meeting with business brokers who advertised in the newspaper’s classified and on Google. None of the brokers seemed to genuinely understand my business or how to find a buyer. Late last year a competitor from another state phoned and said that he was interested in selling his business. He mentioned talking with a broker who was putting together a number of similar contracting businesses to sell to an investment group. Soon after, I was in contact with Ian Haggerty of Benchmark Corporate based in Queensland. From the beginning Ian was very professional and in every conversation he demonstrated his industry knowledge and expertise as a broker. Ian took the time to understand my position and then pointed out the advantages and pitfalls in selling my business. We discussed a marketing plan along with an Information Memorandum showing what the business had done in the past, the future potential and the asset/liability position. Things were looking promising. An advantage of the Benchmark organisation is that they have over 65 brokers operating throughout Australia and a huge buyer data base of potential buyers who have looked at businesses they had for sale in the past. From this pool we soon had prospective purchasers looking over the business, some expressed interest, others thought that the type of business was too hands on for them as every contract we perform is a bit different. In February the COVID virus struck causing major delays on a number of our larger projects, which caused significant cash flow issues. Things were looking grim and my hopes of a sale started to diminish. I consulted with a liquidator over insolvency concerns and administration was recommended (my cashflow had halved). Selling my business now appeared impossible - the employee accruals from long serving workers was a significant problem. I informed Ian that I had sought the advice of a liquidator and was intending on placing the company into administration. Ian strongly advised against taking such drastic action and recommended an immediate consultation with ReGroup Solutions, a firm of Turnaround Practitioners. Ian had worked with the ReGroup team previously and gotten excellent results. ReGroup Solutions provided excellent financial advice and guidance and I was able to regain control of trading operations. I then contacted some local businesses (who Ian had contacted previously) and was able to inform them that the crisis situation had been resolved and I was now able to continue trading whilst exploring offers for a sale of the business. Out of the multiple enquiries Ian received, we were left with two companies with serious offers on the table (despite this being around the time of the COVID virus outbreak). Ian collaborated with ReGroup Solutions and set about negotiating with the interested parties. Due to Ian’s involvement and assistance from ReGroup Solutions, we finally agreed a fair market sale of the business and the majority of employees jobs were saved. Ian went beyond the call of duty and negotiated a very reasonable two year consultancy position with the purchaser.   With the pandemic, these are very turbulent times. If you are concerned about succession or looking to sell your business, then I highly recommend Ian Haggerty from Benchmark. Ian is extremely adept at strategically managing the negotiations, assessing the genuineness of prospective buyers and then closing the best deal for his client. Ian’s approach was professional and he maintains strict confidentiality throughout. Ian understood the opportunity and potential for my business and then presented this to prospective buyers in the best light. Thanks Ian and Benchmark. Ian Haggerty receives another Benchmark Business Sales Review. Before joining the team at Benchmark (as a senior business broker), Ian was QLD State manager for Flow Systems (part of the Brookfield group) where he created dynamic growth opportunities for developers within the residential and commercial property markets. Prior to Flow, Ian was also at Trility, (part of Mitsubishi) Australia’s third largest water company, and was Head of Strategic Growth. Ian developed strategies for the company’s growth from 120 employees to over 400 employees today, including sourcing joint venture arrangements and value added acquisitions. Get to know more about Ian Haggerty and his accomplishments by clicking the "View Profile" button below. Additionally, you can read other Benchmark Business Sales Testimonials from the "Broker" section above. Ian Haggerty is a business broker at Benchmark Business Sales & Valuations.

ReGroup Solutions , 12 Aug 2020 Ian’s client was a director who had been in business for 51 years as cladding contractor. The Company had up to 100 employees working from owned factory premises and on-site at large commercial building sites nationally. The Director had been thinking of succession and made contact with Ian to investigate the sales potential of his long-standing and reputable business. Unfortunately, the COVID-19 crisis struck and the Company’s supply chain was severely impacted. The Director sought the advice of a registered liquidator, who recommended external administration. The Director’s hopes of achieving a positive sale quickly diminished and the position with the bank meant there was now a serious risk he would lose his family home.  Operating nationally, Benchmark has a huge database of prospective buyers and Ian had already generated significant genuine interest by drafting an impressive Information Memorandum and selectively negotiating with several key interested parties. Ian was concerned over the liquidator’s advice to his Client. The Director was being pressured into placing the company into voluntary administration (which Ian could see was premature and too drastic). Ian had identified his Client’s potential and felt that any insolvency procedure would unnecessarily destroy the company’s goodwill and asset values.  ReGroup Solutions would like to give a huge thanks to Ian for referring his client, the Director, to us for a second opinion. After conducting our preliminary analysis, ReGroup Solutions advised the Director on his capacity to utilise the ‘insolvency safe harbour’ under section 588GA. The new legislation, effective since September 2017, provides directors with protection from insolvent trading personal liability whilst they explore a range of restructuring and turnaround strategies. This enabled the Director to continue trading his business so that a ‘going concern’ sale could still be actively pursued by Ian. This meant Ian could still maximise the outcome for his Client by continuing his strategic negotiations.  ReGroup Solutions provided initial crisis management advice and then proceeded to investigate the various restructuring and turnaround options with the Director. The insolvency Safe Harbour provided the director with breathing space and enabled Ian Haggerty to continue his negotiating with key interested parties. The team at ReGroup Solutions worked closely with Ian Haggerty throughout the entire process – despite being an extremely complex matter, made worst by the COVID crisis, we’re delighted to say that Ian successfully negotiated a tremendous outcome for his Client!   Ian lead the way in agreeing a sale of his Client’s business, assets and the large factory premises. This not only meant the majority of workforce kept their jobs but the indebtedness to the bank could also be fully satisfied. The Director’s home was no longer at risk and Ian’s Client stands to walk away with potential surplus of $1.5m. The deal stands to return 100c in the dollar to trade creditors. Ian even secured his client a two year consultancy position with the purchaser - and at an exceptional rate! Ian’s Client can now take a well-deserved step back, with his impeccable reputation intact.   On a personal level, it was an absolute pleasure collaborating with a skilled negotiator such as Ian. The very purpose of the insolvency Safe Harbour is to help the director find a ‘better outcome’ for all stakeholders by utilising a skilled team of professionals. In this particular case, Ian was able to get an outstanding outcome for his Client on multiple levels. This was despite the extremely difficult and volatile market conditions.  Congratulations to Ian Haggerty on what has ended up being a landmark Safe Harbour win for his Client! Ian Haggerty receives another Benchmark Business Sales Review. Ian was the Managing Director/Owner of Pipe Shield, a specialised pipeline inspection, maintenance, rehabilitation company. Ian sold his business to Veolia. He has also worked internationally for companies such as Trafalgar Water Inc., where he was a consultant to a number of North American companies within the utilities, services and water industries where his main role of operations was in mergers and acquisitions, consolidation proposals, market analysis, securing funding for growth, and new technology introduction and acceptance. Get to know more about Ian Haggerty and his accomplishments by clicking the "View Profile" button below. Additionally, you can read other Benchmark Business Sales Testimonials from the "Broker" section above. Ian Haggerty is a business broker at Benchmark Business Sales & Valuations.

Eddie Griffith , 12 Aug 2020 Two years ago I reached the stage where I felt that I should look to sell the business and started meeting with business brokers who advertised in the newspaper’s classified and on Google. Information Memorandum showing what the business had done in the past, the future potential and the asset/liability position. Things were looking promising. We discussed a marketing plan along with information memos showing what the business had done in the past the future potential and the normal assets and liabilities. Things looked good. Ian is extremely adept at strategically managing the negotiations, assessing the genuineness of prospective buyers and then closing the best deal for his client. Ian’s approach was professional and he maintains strict confidentiality throughout. Ian understood the opportunity and potential for my business and then presented this to prospective buyers in the best light. Ian Haggerty receives another Benchmark Business Sales Review. Ian Haggerty’s knowledge and experience within the water, trench-less technology, utilities and civil sectors is second to none. Ian works tirelessly to deliver positive outcomes that are desirable to all parties. Outside of work: Ian loves spending valuable time with his immediate and extended family, he enjoys good food & wine and listens to country music. He has a keen eye and a passion for old cars and sculpting. Get to know more about Ian Haggerty and his accomplishments by clicking the "View Profile" button below. Additionally, you can read other Benchmark Business Sales Testimonials from the "Broker" section above. Ian Haggerty is a business broker at Benchmark Business Sales & Valuations.

Shane Ayre , 13 Dec 2018 “I would just like to say a very big thank you to you personally and to Benchmark for handling the recent and very successful acquisition of Akwa Worx & Akwa Facility Maintenance Pty Ltd to ASX listed De.Mem Ltd. The whole process was very quick and efficient and the drive from you with my instructions to do was done in a very professional manner. Once again thank you and I would have no concerns giving recommendation to any of my colleges should they wish to go forth with a sale.” Ian Haggerty receives another Benchmark Business Sales Review. Ian Haggerty has almost 30 years business experience working throughout Europe, the Middle East, North America, Australia and New Zealand. Ian is a dedicated business professional who’s approach towards business includes private business owners as well as corporate business owners, and participates at all levels of business interactions. With significant business experience gained from owning his own businesses and time spent in the corporate world; his strengths are identifying short and long term growth opportunities as well as understanding the diversity of exit strategies and succession planning available to business owners. Get to know more about Ian Haggerty and his accomplishments by clicking the "View Profile" button below. Additionally, you can read other Benchmark Business Sales Testimonials from the "Broker" section above. Ian Haggerty is a business broker at Benchmark Business Sales & Valuations.

Shane Ayre , 13 Dec 2018 I would just like to say a very big thank you to you personally and to Benchmark for handling the recent and very successful acquisition of Akwa Worx & Akwa Facility Maintenance Pty Ltd to ASX listed De.Mem Ltd. The whole process was very quick and efficient and the drive from you with my instructions to do was done in a very professional manner. Once again thank you and I would have no concerns giving recommendation to any of my colleges should they wish to go forth with a sale. Ian Haggerty receives another Benchmark Business Sales Review. Before joining the team at Benchmark (as a senior business broker), Ian was QLD State manager for Flow Systems (part of the Brookfield group) where he created dynamic growth opportunities for developers within the residential and commercial property markets. Prior to Flow, Ian was also at Trility, (part of Mitsubishi) Australia’s third largest water company, and was Head of Strategic Growth. Ian developed strategies for the company’s growth from 120 employees to over 400 employees today, including sourcing joint venture arrangements and value added acquisitions. Get to know more about Ian Haggerty and his accomplishments by clicking the "View Profile" button below. Additionally, you can read other Benchmark Business Sales Testimonials from the "Broker" section above. Ian Haggerty is a business broker at Benchmark Business Sales & Valuations.

"We have worked with Ian Haggerty in the sale of Greenwheat Freekeh Pty Ltd. From the outset Ian exhibited genuine professionalism, patience, integrity and knowledge associated with all aspects relating to a sale of a complex business.  He was always proactive and resilient. It is my view that Ian represents a great value when engaging a broker to sell a business. He is excellent in negotiations and presentations and have the competence to attract the right buyers from the appropriate industry.  On a personal level Ian has a great sense of humour and easy to work with.  All of which help in making a stressful time easier. We wish Ian Haggerty and Benchmark all the best for the future." - Tony Lutfi | 23 Sep 2021 Ian Haggerty receives another Benchmark Business Sales Review. Ian Haggerty has almost 30 years business experience working throughout Europe, the Middle East, North America, Australia and New Zealand. Ian is a dedicated business professional who’s approach towards business includes private business owners as well as corporate business owners, and participates at all levels of business interactions. With significant business experience gained from owning his own businesses and time spent in the corporate world; his strengths are identifying short and long term growth opportunities as well as understanding the diversity of exit strategies and succession planning available to business owners. Get to know more about Ian Haggerty and his accomplishments by clicking the "View Profile" button below. Additionally, you can read other Benchmark Business Sales Testimonials from the "Broker" section above. Ian Haggerty is a business broker at Benchmark Business Sales & Valuations.