Transaction date

January 2019

Sector

Construction

Transaction type

Asset Deal

Countries

Switzerland

SMC Corporate Finance advised Obrist Bauunternehmung AG in the sale of its business in an asset deal.

The Company is a renowned construction company with over CHF 30m in revenues and over 100 employees. It is focused on constructing residential buildings but also builds commercial and public buildings such as offices, schools and administration buildings in North-western Switzerland. Clients are institutional investors, general contractors as well as private clients and public authorities.

Despite the still high level of construction activity, the price situation for construction companies active exclusively in the residential sector deteriorated to an extent, where the current owner was not willing to carry the financial risk anymore. Therefore, a buyer was sought that had the ambition to expand in North-western Switzerland and which would be strong enough to absorb the Company’s business.

The business was sold within a limited auction in an asset deal involving properties, construction equipment, building materials inventory as well as the transfer of various contracts including employment agreements and construction contracts.

“Birchmeier, also being a family-owned company, is the ideal buyer of Obrist, being able to integrate our focused activities within Birchmeier’s broad own range of competences, including civil engineering, general contracting and property investment and management“, says Marco Bieri, CEO of Obrist.

SMC Corporate Finance acted as the exclusive sell-side adviser to the company.

Other construction transactions