ACF.ASX: Launch of Underwritten Capital Raise to Fund Acquisitions

Launch of Underwritten Capital Raise to Fund Acquisitions

Stock	Acrow Ltd (ACF.ASX)
Release Time	18 Jun 2026, 10:18 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Acrow Launches Capital Raise to Fund Acquisitions

Key Points

Acquisition of Ausgroup Industrial Services and Preston SuperDeck® to extend capabilities
$70 million fully underwritten placement to fund acquisitions
Expected to be mid-single-digit EPS accretive
Pro-forma net debt/EBITDA ratio to reduce to 1.5x
FY27 revenue and EBITDA guidance upgraded by 21% and 15% respectively

Full Summary

Acrow Limited (ASX: ACF) has announced a $70 million fully underwritten two-tranche institutional placement to fund the acquisitions of Ausgroup Industrial Services (AGIS) and Preston SuperDeck®, extending its capabilities in Industrial Access and Construction Services. The acquisitions are expected to be mid-single-digit EPS accretive and reduce the pro-forma net debt/EBITDA ratio to 1.5x. The placements will be supplemented by a share purchase plan targeting up to $10 million. The acquisitions will be funded by the placement proceeds, with $19.5 million allocated towards debt reduction. The company has also upgraded its FY27 revenue and EBITDA guidance by 21% and 15% respectively, reflecting the revised budget and acquisition contributions.

Guidance

FY27 revenue guidance: $405-425m, EBITDA guidance: $102-112m

Outlook

Acrow expects the acquisitions to be accretive to EPS and improve its financial position, with a target net debt/EBITDA ratio of 1.0 to 1.5x.