BOSS Engineering now 50 per cent owned by Alceon Private Equity

BOSS Engineering has signed an agreement for Alceon Private Equity to become a 50 per cent owner of its company, based in Inverell, NSW, Australia. The partnership marks the first institutional capital to assist BOSS Engineering in delivering its next stage of growth.

BOSS Engineering was founded in the early 2000s by four Australian entrepreneurs - Mick Grills, Andrew English, Dan Ryan and Peter Mansur - and has a robotics first approach focused on the needs of the Australian agricultural sector.

BOSS now has 27 robots in its 32,500sqm facility in Inverell, producing a range of seeders, planters and aircarts, as well as heavy duty aluminium and steel ute trays, trailers and accessories.

BOSS Engineering Chief Executive Officer, Nathan Barnett, said the new investment and board support from Alceon will underpin BOSS’ growth strategy, funding its growth both geographically and by accelerating its capacity to introduce new products.

“This partnership with Alceon will allow us to materially grow the business and to accelerate that growth timeline. It will empower BOSS to solve more problems for our customers and increase employment throughout Inverell and other locations, such as our newly established Wagga site and soon to open Tamworth and Toowoomba sites.

“Alceon brings growth capital and scaling experience that complements our core capability of engineering excellence. Importantly to us as hands on business owners and managers, Alceon structures each investment as a separate vehicle as opposed to a large multi-investment fund which means we are not beholden to fund closure timetables.

“The investment will provide the funding to allow BOSS to accelerate new product development and increase productive capacity by investing in new machinery, robots, infrastructure and our people.”

Alceon Group Joint Managing Director of Private Equity, Zac Midalia, said BOSS is an Australian success story.

“The entrepreneurial, engineering led and robotic focus has created a culture of excellence and performance. The result of this has rewarded these remarkable founders and this incredible Company and we are grateful to be part of the next chapter of growth as we take BOSS Engineering to the nation.”

Three BOSS Engineering Founders - Mick Grills, Andrew English and Dan Ryan, will stay in the business to ensure it continues to deliver outcomes for customers while Alceon’s Ben Sebel will join the BOSS Board to help oversee the businesses’ growth plans.