ISOTeam acquires four firms for a total of $11m

These firms have made a combined $1.6m profits last year.

ISOTeam is buffing up on a buying binge this quarter.

According to a report by OSK-DMG, ISOTeam is acquiring four companies in cash-equity deals totalling SGD11m.

These companies are: i) Accom International Pte Ltd – a rental provider of more than 166 construction and renovation equipment that include boom and scissor construction lifts; ii) Accom Pte Ltd – a repairs & redecoration (R&R) specialist in the private-commercial sector; iii) Industrial Contracts Marketing (2001) Pte Ltd – an application specialist in special architecture coatings and structural protection systems to the building and construction industry; and, iv) Rong Shun Landscape & Construction Pte Ltd – a high-value landscaping services provider whose portfolio includes green roofs, vertical gardens and wet land floating planting services.

On a combined basis, the four local firms made SGD1.6m in net profits in the past financial year. OSK-DMG opines that the acquisitions, once completed, will impact ISOTeam’s earnings positively. This corporate exercise is likely to be completed by year-end or early next year.