MELBOURNE: Building services firm Johns Lyng Group Limited (ASX: JLG) announced Friday it has entered into a binding agreement to be acquired by funds managed by Pacific Equity Partners (PEP) in a deal valuing JLG’s equity at approximately $1.1 billion. Under the Scheme Implementation Deed, Sherwood BidCo Pty Ltd — a PEP-controlled entity — will…
LOS ANGELES – In a landmark move for the property insurance sector, handdii Holdings Inc., a trailblazer in digital property claims management, has announced a significant strategic investment from Johns Lyng Group (JLG). This collaboration heralds a new era in insurance property repair, responding to the industry’s call for reliable and high-quality service providers. As…
SYDNEY, AUSTRALIA: Johns Lyng Group (ASX: JLG), a provider of property services in Australia and New Zealand, has announced the acquisition of Smoke Alarms Australia (SAA) and Linkfire, two fire and safety services providers, for a total up-front cash consideration of A$61.8m. The acquisitions are expected to generate FY23(F) revenue of approximately A$44.2m and EBITDA…
MELBOURNE: Johns Lyng Group has entered into a contract with Chubb Insurance Australia Limited (Chubb), one of Australia’s most well-known and established insurers. Effective from 1 October 2020, for an initial period of three years, Johns Lyng will join Chubb’s panel of builders that provide insurance building and restoration services to Chubb’s customers. “Chubb is…
SYDNEY: Johns Lyng Group has signed an agreement with buy-now-pay-later operator Zip Co. Limited to assist owners and managers of the Group’s 70,000-plus strata titles access cutting-edge decontamination products used in the COVID-19 clean up. Zip allows purchases to be made interest free, with flexible repayment options from as low as $10 per week. Strata…