Intelligent Monitoring Group Raises $A20 Million After Recent Acquisition Of Tyco New Zealand and Red Wolf Security.
Intelligent Monitoring Group Raises $A20 Million – Intelligent Monitoring Group has raised $A20 million through a placement to new and existing institutional investors to buffer its balance sheet for growth following recent the acquisitions of Tyco New Zealand and Red Wolf Security.
The ASX-listed technical security and fire services provider issued about 34.5 million new shares at $0.58 per share under its existing placement capacity. Canaccord Genuity and Morgans Corporate acted as joint lead managers, with AE Advisors appointed as independent adviser.
The capital raising follows IMG’s announced acquisitions of Tyco New Zealand and Red Wolf Security in December 2025. Proceeds will be directed to working capital requirements associated with those transactions and to cover related costs. Following completion of the placement, IMG expects pro-forma gearing to return to about 1.6x net debt to EBITDA, consistent with levels prior to the acquisitions.
IMG managing director, Dennison Hambling, said the acquisitions would materially strengthen IMG’s presence in New Zealand and support faster organic growth of its technical security and fire services operations.
“The acquisition of Tyco NZ and Red Wolf will strengthen IMG’s footprint in New Zealand and facilitate faster organic growth,” Hambling said.
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“Intelligent Monitoring Group Raises $A20 Million After Recent Acquisition Of Tyco New Zealand and Red Wolf Security.”
