Johns Lyng Group (ASX: JLG) acquired 87.5% controlling equity interest in Queensland-based Keystone Group. This strategic acquisition significantly strengthens JLG’s IB&RS growth pillar, ensuring a steady and recurring revenue stream through everyday insurance events. Not only does this solidify JLG’s position as a market leader, but it also expands its capacity to respond effectively to large-scale catastrophic weather events. The acquisition of Keystone Group is a significant milestone for Johns Lyng as it continues to assert its dominance as a premier provider of Insurance Building and restoration Services in Australia and New Zealand.
Keystone’s exceptional growth potential, sterling reputation, and management expertise, combined with its unwavering dedication to expanding its capacity and enhancing its responsiveness to catastrophic events, make it uniquely positioned to meet and exceed the ever-growing market demands.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
