Intelligent Monitoring Completes Acquisition Of Iconic Security Solutions Brand

Intelligent Monitoring Group Ltd (ASX:IMB) (IMG) has completed the A$2.5 million acquisition of Adeva Home Solutions, a prominent security provider in Australia and New Zealand.

IMG’s acquisition of Adeva is aimed at bringing the iconic ‘Signature Security’ business back to life in Australia.

Watch: Intelligent Monitoring Group MD Dennison Hambling Talks JustStocks Video Through Acquisition of Adeva Home Solutions

At one time Signature was nearly the largest end-to-end security business for residential and small businesses in Australia (with nearly 100,000 customers).

Revenue boost

Importantly, the acquisition is poised to boost IMG’s revenue by A$9 million and add A$800,000 in EBITDA for the fiscal year 2025.

As part of the acquisition, IMG will pay $500,000 in cash and issue A$2 million worth of shares of its subsidiary Mammoth Security.

Signature Security will be run as a largely stand-alone business within the IMG group with Dennison Hambling (IMG MD) and Peter Kennan (IMG Chair) on the board, alongside the Adeva founders.

Mammoth client base

Hambling said: “It’s great to complete this milestone and complete the transaction.

“The integration of Adeva, return of the Signature brand and merging with IMG’s Mammoth client base is already well underway, and we are very happy with the progress made to date, and the further opportunities identified to improve the business and the customer experience.

“It’s great to welcome the Adeva team to IMG and look forward to working closely with Adam and Evan as we move forward.”

Multiple acquisitions

IMG recently enhanced its security services offering by acquiring two sperate businesses, AAG and ACG.

Read: Intelligent Monitoring Group Enhances Security Offering Through Acquisitions

AAG (Alarm Assets Group) is a security services provider principally based in Western Australia, while ACG is a national security services provider.

Both AAG and ACG have a skilled and focused team of technicians and provide a wide range of security products and services.

IMG will pay an aggregate of A$15.9 million in cash consideration for the acquisitions.



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