Completion of fully underwritten $70m two-tranche placement

• Firm commitments received to raise $70 million for acquisitions and debt reduction
• Acquisition of Ausgroup Industrial Services and Preston SuperDeck® business
• Placement expected to be mid-single-digit EPS accretive in FY27

Acrow Limited (ASX: ACF) has completed a fully underwritten $70m two-tranche institutional placement to support its acquisitions of Ausgroup Industrial Services (AGIS) and the Preston SuperDeck® business, and to reduce debt. The placement raised $33.1m in the first tranche and $36.9m in the second tranche, pending shareholder approval. The placement is expected to be mid-single-digit EPS accretive in FY27. Acrow also plans to raise up to $10m through a Share Purchase Plan (SPP) for eligible shareholders.

FY27 revenue and EBITDA guidance upgraded by 21% and 15% respectively

The acquisitions are expected to position Acrow for an exciting next phase of growth, with the addition of these businesses to Acrow's existing operations.