SCEE completes $70.0m Entire acquisition
Southern Cross Electrical Engineering Limited (ASX: SXE) completed the acquisition of Entire Operations Pty Limited (“Entire”) on 6 November 2026, effective 1 November 2026. The completion follows its ASX announcement of 12 October 2026.
The upfront cash consideration of $70.0m has been paid to the vendors.
The earn-out structure attached to the deal ties deferred payments to Entire’s future EBIT, which shapes the effective multiple SCEE ultimately pays beyond the upfront cash.
Entire is a leading Victorian fire protection and mechanical (HVAC) group, delivering engineering, design, fabrication, construction, commissioning and maintenance services. Headquartered in Melbourne, it provides end-to-end capabilities across construction, minor works and recurring maintenance.
Its operations are primarily in Victoria, with a growing presence in Queensland.
When big ASX news breaks, our subscribers know first
Strategic fit for SCEE
SCEE’s stated rationale for the acquisition covers three points:
- It aligns with SCEE’s strategy to add adjacent and complementary capabilities, while increasing its exposure to critical services and recurring revenues.
- Entire provides SCEE with an entry into mechanical services, broadening the Group’s ability to deliver integrated, multi-disciplinary solutions to customers.
- The acquisition advances SCEE’s strategy to build a national fire services platform and provides broader geographic coverage with a strong base in Victoria.
Entire’s end-to-end capabilities across construction, minor works and recurring maintenance sit alongside the recurring revenue exposure SCEE cites.
Investors wanting the earnings backdrop to this deal can read our detailed coverage of SCEE’s record FY26 result, which sets out the margin expansion, order book and FY27 guidance that preceded the acquisition.
Don’t Miss the Next Industrials Winner
Join 20,000+ investors getting FREE breaking ASX news delivered to their inbox within minutes of release, complete with in-depth analysis. Click the “Free Alerts” button at Big News Blast to receive market-moving industrials updates the moment news breaks and stay ahead of the market.