· July 2023 acquire 100% of Project Safety Holdings Pty Ltd (“Smoke Alarms Australia” or “SAA”) and 70% of Link Fire Holdings Pty Ltd (“Linkfire”) for total upfront cash consideration of A$61.8m plus an aggregate earn-out of up to A$17.25m (together, the “Acquisitions”) Both businesses have long-standing reputations in fire, electrical and gas compliance testing and maintenance for residential and commercial properties. https://announcements.asx.com.au/asxpdf/20230705/pdf/05rb5263m0zty3.pdf
· November 2022 announce three bolt-on acquisitions across its catastrophe response (CAT) and strata management businesses.
Johns Lyng Disaster Management has acquired a 60% equity interest in A1 Estimates Pty Ltd (A1). A1 is a Byron Bay-based insurance repairs estimating business that has worked as a key sub-contractor for the Group’s Flood Property Assessment Program in Northern NSW. Total potential consideration for the 60% equity interest is a maximum of $2.341m, with $1.515m cash at Completion, deferred consideration of $0.550m payable in JLG Ltd shares, and an earn-out of up to $0.276m payable in JLG Ltd shares.
80% equity interest in North Shore Strata (NSS) based on the Sunshine Coast. NSS currently manages 1,751 lots across 250 schemes and has been in operation since 1996. North Shore was acquired by Johns Lyng’s strata management subsidiary Bright & Duggan, with a 20% equity interest retained by current Principal Cathy Pashley. Total potential consideration for the 80% equity interest in North Shore is a maximum of $2.379m, with $1.933m cash at Completion, and an earn-out of up to $0.446m payable in cash.
Adpen Strata (Adpen) based in Brisbane. Adpen currently manages 372 lots across 40 schemes and has been in operation since 2013. Adpen was acquired by Bright & Duggan’s subsidiary Capitol Strata, with Adpen’s current strata portfolio to be managed by current Capitol Strata Managing Director Ian D’Arcy. Total consideration for Adpen was $0.322m paid in cash at Completion. https://announcements.asx.com.au/asxpdf/20221116/pdf/45hn50b8rmmy7f.pdf
· August 2022 Johns Lyng Group announces retirement of Trevor Bright and acquisition of his 44.5% equity interest in Bright & Duggan. The purchase price was $25.6m for the 44.5% equity interest comprising $15.4m in cash (funded from existing cash reserves and debt facilities) and $10.2m in JLG shares (50% subject to escrow for 6 months). https://announcements.asx.com.au/asxpdf/20220826/pdf/45dbgvtcz3c0j2.pdf
· December 2021 acquires Reconstruction Experts, for US$144m, a leading providers of insurance focused venor-managed repair services to occupied properties in the US. Established in Colorado in 2001, Reconstruction Experts is a leading provider of insurance focused repair services to occupied properties in the U.S. The Company’s primary client base is Homeowner Associations (“HOAs”) - the U.S. equivalent of Strata Managers/Owners’ Corporations, i.e. large multi-family properties including apartments, condominiums and master planned communities. https://announcements.asx.com.au/asxpdf/20211209/pdf/453zfn3qdh5kg3.pdf
· July 2021 acquires Steamatic Australia. Johns Lyng Group (ASX:JLG) has acquired a 60% controlling equity interest in Steamatic Australia - a leading national restoration services company, effective 1 July 2021. The deal consolidates Johns Lyng’s position as a national market leader in restoration services and represents natural progression of the Group’s global expansion strategy following the acquisition of the Steamatic Global Master Franchise in FY19. Established in 1986 under the Global Master Franchise, Steamatic Australia employs 190 staff and operates a total of 39 locations including 34 regional franchisees and five company-owned metropolitan locations. https://announcements.asx.com.au/asxpdf/20210729/pdf/44yrhg4zmyt35v.pdf
· July 2021 completes acquisition of Unitech. Founded in 1995, Unitech has established a strong base of insurance industry clients, presenting clear synergies with Johns Lyng’s core business offering. The acquisition will increase Johns Lyng’s exposure to the South Australian market. At completion, Johns Lyng paid $1.9m in cash https://announcements.asx.com.au/asxpdf/20210712/pdf/44y6qrs587mzjk.pdf
· February 2020 JLG acquires 60% interest in Air Control Australia. Melbourne-based Air Control Australia Pty Ltd – a leading heating, ventilation and air conditioning mechanical services business. Founded in 2004, the business has established a strong track record servicing assets such as commercial office buildings, hotels, shopping centres and large retail chains. Its client base comprises well-known blue-chip brands including Hyatt, Pullman and Miele, among others. Johns Lyng will pay $1.6 million cash, plus $0.3 million in JLG shares at Completion plus a potential earn-out over 18 months for its equity interest in the business. Residual equity will be retained by co-founders and Joint Managing Directors Luke Vandersluis and Anthony Zisis. https://announcements.asx.com.au/asxpdf/20200217/pdf/44f4b161w3jxql.pdf
· February 2020 JLG subsidiary Bright & Duggan has acquired an 85% controlling equity interest in Queensland-based Capitol Strata Management (Holdings) Pty Ltd. Founded in 1995 and headquartered in Brisbane, Capitol Strata is a leading strata and property management business, with a portfolio of 1,250 strata schemes, which include 16,000 properties and associated common areas. Bright & Duggan paid $7 million cash for an 85% equity interest in Capitol Strata in a debt free transaction. Residual equity will be retained by incumbent Managing Director Mr Ian D’Arcy, and other founding shareholders. https://announcements.asx.com.au/asxpdf/20200203/pdf/44ds8svfc6rbnm.pdf
· August 2019 JLG acquires Sydney based Bright & Duggan Group Pty Ltd. Founded in 1978 by Ray Bright and Phil Duggan, Bright & Duggan is a leading Strata and Facilities Management business with 14 offices across four states and territories with more than 220 full time equivalent staff. The business operates well-established and widely recognised strata and facilities management brands including Bright & Duggan and Cambridge Management Services and currently has more than 55,000 strata titled units under management across more than 1,500 strata schemes. https://announcements.asx.com.au/asxpdf/20190813/pdf/447fllwgnkhzkf.pdf
· April 2019 JLG acquires US Company Steamatic. Texas-based water, fire and flood restoration services company. Established in 1948, Steamatic Inc. has become a household name in the US for fire and water damage restoration services and will provide JLG with immediate access to that market, estimated to be worth US$200B. Steamatic’s network of 63 domestic franchisees and 14 international Master Franchise Agreements is expected to create a platform for international expansion of JLG’s core restoration and building services offering. JLG will pay a total of US$3.1m non-contingent consideration from cash reserves plus a potential earn-out over 18 months. The transaction is expected to have an immediate positive but immaterial impact on earnings. https://announcements.asx.com.au/asxpdf/20190410/pdf/44463zrffrqjh3.pdf
· February 2019 JLG acquires 57% of Home Staging company Dressed For Sale, a pre-sale residential property staging business. The strategic ‘bolt-on’ will integrate with, and expand upon, JLG’s existing home maintenance service offering, creating a sound platform for growth. JLG will invest approximately $2 million as part of the deal which includes approximately $1.3 million in capital earmarked for growth initiatives. https://announcements.asx.com.au/asxpdf/20190227/pdf/4430ck9yc27wkb.pdf
· December 2018 JLG enters into partnership with Suncorp. Exclusive Master Services Agreement with Suncorp Group, in an arrangement that will see JLG facilitate all domestic property repairs for insurance claims estimated at greater than $100,000.Agreement is for a minimum two year term with provision for a further third. https://announcements.asx.com.au/asxpdf/20181204/pdf/440xwx4j20hjjl.pdf
· July 2018 Divests stake in Club Home Response to RACV for a $4 million cash sum under a Share Sale Agreement (SSA). https://announcements.asx.com.au/asxpdf/20180702/pdf/43w6m313wyz1ny.pdf
