Intelligent Monitoring Group Acquires ADT UK for $346m
Key points
- IMG to acquire ADT's UK residential security business for $346m
- Acquisition expected to be 40% accretive to EPS
- Deal funded by a new A$448m debt facility and IMG equity
Full summary
Intelligent Monitoring Group (IMB) has announced the acquisition of ADT's UK residential security business for $346m. The acquisition, expected to be 40% accretive to earnings per share (EPS), will be funded by a new A$448m debt facility and IMG equity, without requiring external equity raising. The acquisition is expected to provide IMG with immediate scale and a strong platform for sustained growth by combining ADT's brand equity with IMG's advanced video monitoring services. The deal is anticipated to lead to a pro forma EBITDA of $130m and an EPS of $0.09.
Guidance
Pro forma EBITDA of $130m, EPS of $0.09
Outlook
The acquisition is expected to provide IMG with a significant growth platform in the UK residential security market, leveraging ADT's brand and IMG's advanced video monitoring services.
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