CA Brand concluded a “sales of shares agreement”. CA Brand – a medium-size construction firm active in the SA construction industry for the last 30 years – is pleased to announce that Marcel Eykelhof, currently Managing Director at CA Brand, together with IAP company have formed a partnership and have signed a definitive merger agreement to acquire CA Brand from its current shareholders, including Gerry Glynn, Chris Holden and Ian Kempe.
Gerry and team are pleased to announce that part of the sales of shares has also ensured that the commitment and dedication of long-serving skilled employees was recognised, rewarded and retained. Marcel and partners own 100% of the shares, however, are in negotiations for a transfer of 26% shares to achieve ownership transformation in line with BBBEE.
The transaction has been discussed for the past three months and forms part of a strategic plan to address leadership succession and secure business opportunities. CA Brand have for some time reviewed potential business owners that would enable it to achieve ownership transformation in line with BBBEE as well as enhance skill sets and capacity that will allow the CA Brand team to expand its construction services.
Marcel Eykelhof was identified as a potential successor to Gerry Glynn in 2007 and during this time has been groomed to take over the helm. Marcel (Nat. Dip. Civil Engineering) has 12 years’ experience and has played an instrumental role in key projects. His skills and experience ensure continuity and a commitment to the personal attention and quality construction associated with the CA Brand name. Gerry Glynn will remain actively involved in the business to ensure a smooth transition. IAP offer additional skills sets in niche industries such as Industrial Flooring, Plastic Linings to the water purification industry, corrosion protection and minor engineering services in general as well as access to new business opportunities such as road works, a line of construction that CA Brand has not been active in for a number of years. The new team also brings with it access to new construction technology and opportunity to leverage efficiencies across the two entities. IAP also opens the doors to CA Brand to its vast client base across Africa, a new territory for CA Brand.
This is the next chapter for CA Brand. We have established a strong foundation that has delivered many successful projects in the past 30 years. The foundation and infrastructure we have built in terms of talent, plant and project experience will serve CA Brand and its new owners well as they continue to grow. I wish the CA Brand management team the very best in this next, and very exciting, stage in the evolution of the company.
CA Brand’s retiring leaders look forward to working closely with the new leadership team to ensure a smooth transition. Should you have any questions in regards the ownership change please do not hesitate to contact me, Gerry Glynn, on 011 310-1630
C.A. Brand Civil Engineering Company (Pty.) Ltd Company Profile – Reg. No. 87 / 02376 / 07
Ext. 10 Saraseen Road, Chloorkop, Kempton Park, 1624, South Africa – P.O. Box 12727, Chloorkop, 1624
Tel: +27 (0)11 310 – 1630 / 9, Fax: +27 (0)11 310 – 1025, e-Mail: firstname.lastname@example.org