Emeco Holdings Limited (ASX:EHL) entered into a binding agreement to acquire Matilda Equipment Holdings Pty Ltd for AUD 80 million on April 30, 2018. The deal value is subject to pre-adjustments for surplus working capital and other customary purchase price adjustments. Acquisition to be funded by a fully underwritten AUD 90.3 million worth pro-rata accelerated non-renounceable entitlement offer. Matilda Equipment Holdings Pty Ltd.’s Founding Chief Executive Office, Dan Jauncey, its Chief Financial Officer, Damien Wilson, and the entire Matilda Equipment Holdings Pty Ltd’ team will join Emeco Holdings Limited. The acquisition is conditional on completion of the offering for the deal. Emeco Holdings Limited has certain termination rights which if exercised by Emeco Holdings Limited would mean that the acquisition will not complete. In this event, Emeco Holdings Limited would evaluate its options in relation to the use of the offer proceeds. The acquisition is expected in early July 2018. The deal has compelling financial benefits for Emeco Holdings Limited. Macquarie Capital (Australia) Limited acted as financial adviser to Emeco Holdings Limited.