Subscribe to unlock this article
Thanks for your support.
In late 2022, Jason Hew partnered with SMEVentures, Australia’s first ETA accelerator, to embark on the next phase of his entrepreneurial journey: buying, operating, and growing a business. After approximately 15 months of searching, he has successfully acquired TWS Energy Controls Ltd and WF Energy Controls Pty Ltd, both of which operate in the ANZ region. This acquisition marks the fourth successful acquisition by a searcher partnering with SMEVentures, following Rob Gaunt’s acquisition of ACE Training and later MultiSkills Training, Ryan Bernsmann’s purchase of Grima Recycling, and Steve Orell’s acquisition of Emerge IT, reflecting a 100% acquisition success rate. Among the investors supporting this deal are Pete Seligman, SFClub, Hadley Family Capital…
Founded in 1910, WF Energy Controls is a leading Australian company specializing in the design and manufacture of control and measurement products for the electricity distribution industry. Since 2010, it has been part of TWS Energy Controls Group, established in 1981, which designs and manufactures specialist current and voltage transformers for the low to medium voltage electrical industry. With a purpose-built facility in Christchurch, New Zealand, the group supplies products to major utility networks and electrical companies worldwide.
Jason Hew commented that he is excited to lead both businesses for many years to come. He noted that the increasing electrification, renewed investment in the power grid, inevitable energy transition, and continued demand for high-quality, locally manufactured goods provide a strong foundation for a promising future.
Legal: LegalVision / Financial Advisory, DD & Debt: Wellwards / Equals Advisory / Balmaghie
