Stealth Global Holdings Limited (ASX:SGI) agreed to acquire Industrial Supply Group from Directors of Industrial Supply Group for AUD 1 million in cash on April 17, 2019. Under the terms of consideration, Stealth will make a cash payment of AUD 0.5 million on completion and AUD 0.25 million each on the completion of the first and second anniversary date from completion, being May 1, 2020 and 2021 respectively. The acquisition is to be funded from Stealth’s existing cash reserves over a 2 year period. Post acquisition, directors of Industrial Supply Group will remain with Industrial Supply Group in a non-executive directors role for the next two years. The transaction is subject to due diligence. The transaction is expected to be completed by May 1, 2019. The transaction is expected to be EPS accretive for Stealth Global Holdings Limited.