Johns Lyng expands property services portfolio after $65m raise
Small-cap darling Johns Lyng Group has agreed to buy Smoke Alarms Australia and Linkfire, adding to its burgeoning property services portfolio.
The company raised $65 million on Wednesday to help finance the acquisitions, part of Johns Lyng’s ambitions to grow an “essential home services” arm. The deal adds fire, electrical and gas compliance, as well as testing and maintenance offerings, to its existing operations for homeowners and property managers.
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