Transactions

Smoke Alarms Australia – divestment to Johns Lyng Group

Miles Advisory Partners advised Smoke Alarms Australia on their divestment to Johns Lyng Group.

Transaction Details

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Sector
Business Services
Miles Role

Sell-side advisor to the shareholders of Smoke Alarms Australia

Deal Type

Business Divestments

Year Completed

2023

Contacts for this Transaction
Gareth Cope
Managing Director
Contact Gareth Cope

Overview

  • Smoke Alarms Australia (“SAA”) is a national provider of smoke alarm, electrical and gas compliance, testing and maintenance services
  • Founded in 2005, SAA is the second largest provider in Australia, completing approximately 284,000 jobs annually
  • The business has established market leading operations in NSW, ACT and WA with a growing presence VIC and QLD
  • SAA is a strong, profitable, cash generative and growing standalone business that sets the foundation for Johns Lyng Group’s (“JLG”) 5th strategic growth pillar – “Essential Home Services”
  • The business aligns with JLG’s strong track record of expansion via highly complementary acquisitions with annuity style business models underpinned by defensive, non-discretionary products and services

Further information on this transaction is available at: Johns Lyng Group ASX Announcement