InvestSMART

Acrow Limited (ASX:ACF)

ALERT: Price-sensitive ASX Announcement for ACF
Current share price for ACF : $0.925 0.015 (1.65%)+
Announcement
Release
18 Jun 2026 10:18AM
Price at Release
$0.910
Full Release
download
Summary
Acrow Limited announced a $70 million fully underwritten capital raising through a two-tranche institutional placement to fund the strategic acquisitions of Ausgroup Industrial Services and Preston SuperDeck®, enhancing its capabilities in the Industrial Access and Construction Services divisions. The acquisitions, valued at $54.5 million, are expected to be earnings accretive and will strengthen Acrow's balance sheet by reducing its net debt/EBITDA ratio. A share purchase plan of up to $10 million is also part of the initiative, with proceeds aimed at further debt reduction. The acquisitions align with Acrow's growth strategy and are expected to drive significant revenue and EBITDA growth in fiscal years 2026 and 2027.
Key Points
  • Launch of $70 million two-tranche institutional placement.
  • Acquisition of Ausgroup Industrial Services and Preston SuperDeck® for $54.5 million.
  • Fully underwritten capital raise to fund acquisitions.
  • Share purchase plan of up to $10 million.
  • Acquisitions expected to be earnings accretive.
  • Strengthening of balance sheet by reducing net debt/EBITDA ratio.
  • Enhancement of capabilities in Industrial Access and Construction Services divisions.
  • Revenue and EBITDA guidance upgraded for FY26 and FY27.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.