Southern Cross Electrical buys Entire Operations
- Southern Cross Electrical Engineering has agreed to acquire 100% of Victorian HVAC and fire protection firm Entire Operations.
- The deal is valued at up to $112.1 million, while boosting the company’s FY27 EBITDA guidance to at least $110 million.
- The transaction expands the group's regional scale and establishes its footprint in complementary mechanical service disciplines.
Southern Cross Electrical Engineering (ASX:SXE) has signed an agreement to acquire 100% of Entire Operations for up to $112.1 million to expand its mechanical and fire protection capabilities.
The deal compares an initial upfront cash consideration of $70 million against earn-out payments of up to $42.1 million tied to earnings targets across FY27, FY28, and FY29.
The company expects Entire Operations to generate an annual earnings before interest and taxes of at least $17 million.
The transaction is scheduled for completion on or about Nov. 1, subject to customary closing conditions.
The group stated that the deal expands its national fire services platform while establishing significant scale in Victoria.
Following the announcement, the Southern Cross Electrical Engineering share price was unchanged at $4.63.
The company continues to pursue growth across adjacent commercial engineering sectors using its existing cash reserves.
