Authority to execute a binding agreement in connection with the acquisition by Monarch Surveyors and Engineering Consultants Limited of 100% of the equity share capital of GM & FE Ryan ....
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Monarch Surveyors and Engineering Consultants Ltd has received board approval to acquire 100% of GM & FE Ryan Pty Ltd, the trustee entity for GMR Engineering Services Unit Trust in Australia. The target company operates from Shepparton, Victoria, providing civil engineering, land surveying, drone/UAV surveying, GIS, and environmental services. It has 12 full-time employees, annual revenue of AUD $1.8 million (FY2025), and 20+ years of operating history with 80% client retention. The all-cash acquisition is valued at AUD $1,810,000 (Enterprise Value AUD $1.5M + Plant & Equipment AUD $310K). This acquisition is not a related party transaction and is aligned with Monarch's main line of business. Completion is targeted for 22 May 2026, subject to due diligence and regulatory approvals including RBI/ODI filings.
Positive for shareholders as this acquisition provides strategic entry into the Australian engineering market with immediate access to government procurement panels, adding AUD $1.76-1.84M expected revenue in FY2026. The debt-free target with proven cash flows strengthens Monarch's international presence.