Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Mayfield Group Holdings Limited ( (AU:MYG) ) just unveiled an update.
Mayfield Group Holdings Limited has agreed to acquire the business assets and undertakings of SMEC Power & Technology, also known as Southern Mining Electrical Contractors, in an asset sale valued at $30 million on a cash‑free, debt‑free basis. The deal, struck at a 5.0x EBITDA multiple, is structured with 70% upfront consideration in a mix of cash and scrip and a further 30% earn‑out linked to FY2026 EBITDA performance.
The acquisition, targeted for completion on 31 March 2026 subject to conditions precedent, is designed to deepen Mayfield’s mining sector exposure and expand its electrical contracting capabilities. With a 24‑month escrow on all share consideration and an earn‑out contingent on SMEC meeting a $6 million EBITDA target, the transaction aligns incentives and signals confidence in the acquired business’s future contribution to Mayfield’s growth and mining‑focused strategy.
The most recent analyst rating on (AU:MYG) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Mayfield Group Holdings Limited stock, see the AU:MYG Stock Forecast page.
More about Mayfield Group Holdings Limited
Mayfield Group Holdings Limited operates in the electrical engineering and contracting sector, providing power infrastructure and related services with a particular focus on resources and industrial clients. The acquisition of Southern Mining Electrical Contractors (SMEC Power & Technology) underscores Mayfield’s growing emphasis on servicing the mining industry’s electrical and power needs.
Average Trading Volume: 376,067
Technical Sentiment Signal: Buy
Current Market Cap: A$287.6M
See more data about MYG stock on TipRanks’ Stock Analysis page.