Ashley Services Group Limited (ASX:ASH) entered into a agreement to acquire 75% stake in Linc Personnel Pty Ltd for AUD 3.6 million on May 30, 2022. The purchase consideration will be funded from a combination of cash reserves and a newly extended and significantly expanded bank facility with Westpac of AUD 35 million, up from AUD 16.5 million. This new facility is comprised of a AUD 25 million invoice financing facility and a AUD 10 million Bank Bill Loan facility, which is in place for the next three years following its finalization in March 2022.Founder and continuing 25% shareholder Ian Cantley will continue to be run on a day to day business. The transaction is expected to complete during Q1 FY23. The transaction is subject to completion of due diligence and Purchaser conditions precedent matters. The acquisition is anticipated to be EPS accretive in FY23.