Monarch Surveyors to Acquire Australian Engineering Firm

Monarch Surveyors' board approved executing a binding agreement to acquire 100% of Australian engineering firm GM & FE Ryan Pty Ltd.
The AUD 1.81 million cash acquisition provides immediate entry into Australia with access to 7 government procurement panels and AUD 1.8M revenue.
Completion is targeted for May 22, 2026, contingent on satisfactory due diligence and regulatory approvals including FIRB clearance.
The acquisition is funded through internal accruals or bank loans, not IPO proceeds, and is not a related party transaction.