Completion of Force Fire Holdings Acquisition

Key points

• Acquisition of leading fire safety solutions provider Force Fire
• Aligns with SCEE's strategy to add complementary capabilities
• Increases exposure to services and maintenance style works and recurring revenues

Full summary

Southern Cross Electrical Engineering Limited (SCEE Group) is pleased to announce that it has completed the acquisition of Force Fire Holdings Pty Ltd ('Force Fire'), a leading New South Wales and Queensland-based provider of fire safety solutions to the commercial and industrial sectors, effective 1 April 2025. Force Fire provides specialised fire safety solutions, having both mechanical ('wet fire') and electrical ('dry fire') capabilities, by executing projects and services/minor works for a highly recurring client base, enjoying long term relationships with a diverse range of facility managers, property owners, and builders. This acquisition aligns with SCEE's strategy to add adjacent and complementary capabilities, and increase exposure to services and maintenance style works and recurring revenues. The fire sector is a natural and logical adjacency to SCEE's core electrical competence and complementary communications, security, and manufacturing capabilities. The upfront cash consideration of $36.3m has been paid to the vendors.

Outlook

The acquisition of Force Fire aligns with SCEE's strategy to add adjacent and complementary capabilities and increase exposure to services and maintenance style works and recurring revenues. The fire sector is a natural and logical adjacency to SCEE's core electrical competence and complementary communications, security, and manufacturing capabilities.