Succession

A proactive,
strategic approach

“Michael is across both the legal and the practical elements. That rounded advice while not unique, is rare in this market. Michael would have been easily the best that I dealt with.”

Rob Davidson
Davidson Recruitment

Succession should be a strategic process enabling a business owner to unlock the value in their business and move to the next phase of their life.

Without planning, life and industry events can dictate the timing and type of succession. We aim to avoid this by bringing our experience and specialist skillset to advise and support you through the process, ensuring you maximise the value of your business.

Contact Mage

info@mage.com.au

Succession Expertise

The challenges of succession

While every succession is unique, all of them have similar moving parts: business valuations, “the deal” (or deals), insurance, banking, funding, legals, contracts, structure and taxation – often with a separate adviser for each of these components. Throw in the personal agendas of the business owner and potential buyer and the complexity increases significantly. Little wonder so many successions fall over.

Navigate the complexities of succession

Michael Garrone has a reputation for delivering successful business successions – even in the most complex of cases. We work hard to understand the perspectives of all stakeholders and drives outcomes that benefit all parties involved. We operate with fairness, transparency, and frankness, backed by expert knowledge and extensive experience.

Proactive Measures

Ideally, succession planning should be an ongoing activity. This includes identifying key personnel and potential future leaders, assessing your “bench strength,” and ensuring you have a robust business structure, adequate funding, and clear agreements in place.

These are all good business practices to set you up for success – it’s much easier to succession a well-run business!

A clear pathway through complex situations

Perhaps yours is a family business and you have the next generation coming through. Or you have a management team keen to buy you out. Or maybe you’re looking at selling your business in a trade sale. Regardless of what your succession looks like, we’re able to provide practical advice and support throughout the entire process.

With 20 years of experience, we offer clear pathways through complex situations, ensuring a successful transition for your business.

What our clients say about us

“If I ask Michael a question and he’s not 100% sure, he’ll come back with an answer. If Michael doesn’t know, he’ll refer to someone else. That’s refreshing.”

Max Burns,
SBP Australia

“Where Michael becomes quite unique in this market is that he’s been in and out of numerous partnerships himself. He’s actually sat across the table from fellow partners in the good times, and the not so good times. He’s seen these schemes unravel.”

Rob Davidson,
Davidson Recruitment