Johns Lyng Agrees $1.3 Billion Takeover by Pacific Equity Partners

Johns Lyng Group, an integrated building services company operating across Australia, New Zealand, and the US, has agreed to be acquired by Pacific Equity Partners (PEP) in a deal valued at approximately $1.1 billion, with an enterprise value of $1.3 billion. PEP will pay $4 per share, representing a 25% premium to the recent closing price and a 77% premium since mid-May, reflecting strong shareholder value recognition. The transaction, recommended unanimously by Johns Lyng’s independent board committee and supported by CEO Scott Didier, offers shareholders a significant cash premium and is expected to be voted on in October, with implementation planned for November. Johns Lyng’s chairman, Peter Nash, highlighted the attractiveness of the scheme and the acknowledgment by PEP of the company’s integrated operations and market presence. The deal follows a competitive process initiated after PEP secured exclusive due diligence rights and reflects the company’s strong business momentum and intrinsic value. Shareholders are awaiting further details on the scheme implementation deed as the takeover progresses.