IVE Group Limited (IVE) signed a major long-term marketing services supply agreement with Domino’s Pizza Enterprises (DPE) while also acquiring two complementary businesses: Impressu Print Group and Budget Mail Services. The moves mark a significant step in IVE’s strategy to expand its capabilities and operational reach across Australia.
Impressu, a Brisbane-based print and marketing company previously owned by DPE, provides digital and offset print, direct mail, signage, and logistics services to clients in the quick-service restaurant, retail, healthcare, and public sectors. The business is expected to contribute annual revenue of around $30 million, EBITDA of $4.5 million (including cost synergies), and NPATA of $2.5 million. IVE acquired Impressu for $13.5 million in consideration.
In connection with the acquisition, IVE signed a six-year marketing services agreement with Domino’s, with an option to extend for two additional years. Under the new contract, IVE will continue to provide the services previously supplied by Impressu while expanding into additional areas, including creative and content, customer experience and data, events, activations, and uniforms. The agreement is expected to contribute more than $80 million in revenue during its initial term.
IVE has also acquired Sydney-based Budget Mail Services (BMS), a mail and communications company serving clients in the share registry, charity, publishing, and education sectors. BMS generates about $5 million in annual revenue and is expected to deliver EBITDA of $1 million and NPATA of $0.5 million upon full integration. The company was acquired for $1 million, with $0.5 million in estimated integration costs, funded by a mix of cash and assumed liabilities.
“These businesses are a strong strategic fit. They bring new capacity, new customers, and enhance our national reach, particularly in the fast-growing south-east Queensland and northern NSW corridor,” said Matt Aitken, Managing Director of IVE Group. “We are also very excited about our long-term partnership with Domino’s and the opportunities it presents. Our focus remains on disciplined investment and delivering value for shareholders.”
Integration planning for Impressu and BMS is already underway to ensure a seamless transition for employees and customers, with completion of the Impressu acquisition expected imminently.
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