• Acquisition of Tyco NZ and Red Wolf Security provides access to significant commercial and enterprise customer base
• Expands service range, adding full fire lifecycle and advanced security technology
• Unlocks cross-sell growth, combining two highly contracted fire and security customer bases
• Accretive transaction, expected to be +28.3% EPS accretive

Intelligent Monitoring Group Ltd (IMB) has announced the acquisition of Bluesky Holdco Limited, the owner of Tyco NZ and Red Wolf Security, for A$40 million. Tyco NZ is the leading fire services company in New Zealand, providing access to a significant commercial and enterprise customer base that IMB can leverage with its intelligent monitoring solutions. Tyco NZ's operations are backed by recurring service contracts, which make up 75% of its annual revenue. The addition of Red Wolf, a leading commercial security provider in New Zealand, also strengthens IMB's strategy to accelerate growth in the high-potential commercial security market. The acquisition aligns with IMB's strategic M&A intent to reinforce its higher-value positioning, add differentiated technology and capability, and acquire sticky, contracted customer relationships. The transaction is expected to be +28.3% accretive to IMB's earnings, with the combined entity forecast to have an EBITDA of A$53-57 million in FY26. The acquisition will be funded from IMB's existing balance sheet capacity, with pro forma net debt to EBITDA of ~1.9x within the Board's targeted leverage range. The acquisition creates a significantly larger trans-Tasman platform for IMB, with a growing base of over 217,000 monitored and serviced sites and a workforce of over 900 full-time employees across Australasia.

IMB forecasts a proforma annualised EBITDA of $53-57 million for FY26, including the contribution from the Bluesky Holdco acquisition.

The acquisition of Tyco NZ and Red Wolf Security strengthens IMB's scale and reach in the commercial security market in New Zealand, providing opportunities to cross-leverage customer relationships and technical expertise. This is expected to drive the next phase of IMB's commercial security growth.