Johns Lyng Group Ltd (AU:JLG) has released an update.
Johns Lyng Group Ltd has expanded its market presence by acquiring SSKB Strata, a leader in strata services, and Chill-Rite HVAC, a provider of HVAC services, with the transactions expected to enhance the company’s earnings immediately. The strategic acquisitions, totaling $57.6 million, are set to bolster Johns Lyng’s portfolio and capabilities, with management teams of both acquired entities remaining on board to drive future growth. These moves align with Johns Lyng’s growth strategy and are expected to generate over $45 million in revenue and $9 million in EBITDA for FY25.
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