Under the scheme, PEP acquired 100% of the ordinary shares in JLG at a price of $4.00 per JLG Share.  The scheme was successfully implemented as scheduled on 23 October 2025.

JLG is a market-leading building services company with operations across Australia, New Zealand, and the United States. It is recognised for its critical role in insurance building and restoration services, particularly in disaster recovery and emergency response.  

MinterEllison advised JLG on all aspects of the deal, including drafting the Scheme Implementation Deed and other key scheme agreements, negotiating scheme conditions with PEP, preparing the Scheme Booklet and closely advising the JLG Board throughout the scheme implementation process. 

The MinterEllison team was led by Bart Oude-Vrielink (Partner, M&A/Capital Markets), John Steven (Partner, M&A/Capital Markets), and Keith Tan (Special Counsel, M&A/Capital Markets), with support from Jarrod Sherwin (Senior Associate, M&A/Capital Markets), Phillip Martin (Associate, M&A/Capital Markets) and Mary Liu (Lawyer/Capital Markets). Additional support was provided by MinterEllison teams across Tax, Disputes and AI. 

Scott Didier AM, Managing Director and Chief Executive Officer of Johns Lyng Group, said: 
"This deal is a testament to the resilience and scalability of our business. Partnering with PEP positions us to accelerate our growth and continue delivering essential building services. We’re grateful to MinterEllison for their unwavering support and expert guidance throughout this transaction."

Peter Nash, now former Non-Executive Chairman of Johns Lyng Group, added: 
"The Independent Board committee was particularly grateful for MinterEllison’s deep expertise and steady guidance, which were instrumental in navigating the complexities of the scheme and ensuring a successful outcome."

Bart Oude-Vrielink, Partner at MinterEllison, said:  

"This transaction marks a pivotal moment for JLG, underscoring the strength of its business model and its critical role in building services. The premium offered by PEP reflects the strategic value of JLG’s operations across Australia, New Zealand, and the United States. MinterEllison has worked closely with JLG since its ASX listing in 2017, a relationship we value greatly. We’re proud to have supported JLG and the Board through this complex and high-profile process."