Australia's Johns Lyng Group to be acquired for $725 million
10/07/2025 23:41
July 11 (Reuters) - Australian building services provider Johns Lyng Group JLG.AX said on Friday it has agreed to be acquired by Sherwood BidCo, an entity controlled by Pacific Equity Partners for about A$1.1 billion ($725.01 million) in cash under a scheme of arrangement. ($1 = 1.5172 Australian dollars) (Reporting by Roshan Thomas in Bengaluru; Editing by Mohammed Safi Shamsi) ((Roshan.Thomas@thomsonreuters.com;))
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