Acrow Limited (ASX:ACF) acquired Benchmark Scaffolding Ltd. for AUD 10 million on March 1, 2024. The consideration includes an upfront cash payment of AUD 6.4 million, the issuance of equity valued at AUD 2 million and two deferred payments of AUD 0.3 million each, payable in 12 and 24 months. In addition, there is potential for earn-outs, totaling approximately AUD 1 million, contingent upon the future EBITDA performance of the business, and payable over two years. The acquisition will be funded by a combination of cash, debt, and equity. Benchmark Scaffolding generates annualized revenue of approximately AUD 9 million and EBITDA of AUD 2.4 million.

Acrow Limited (ASX:ACF) completed the acquisition of Benchmark Scaffolding Ltd. on March 1, 2024.