Intelligent Monitoring Group Limited (ASX:IMB) entered into an agreement to acquire Tyco Australia Group Pty Limited from Signature Security Group Holdings Pty Limited for AUD 45 million on June 13, 2023. The consideration is subject to customary adjustments for working capital, cash and debt amounts on completion. Intelligent Monitoring Group will fund the Acquisition and refinance its current debt via a combination of a new AUD 80 million 3-year debt facility. As of September 2022, Tyco Australia reported revenue of AUD 95 million and EBITDA of AUD 25 million. Neu Capital is acting as debt adviser to IMG. Isaac West of Jones Day is acting as legal adviser to IMG. The deal is expected to complete on August 1, 2023.

Intelligent Monitoring Group Limited (ASX:IMB) completed the acquisition of Tyco Australia Group Pty Limited from Signature Security Group Holdings Pty Limited on August 1, 2023.