The Environmental Group Limited (ASX:EGL) entered into an agreement to acquire Assets of RCR Energy Services Pty. Ltd. on January 7, 2019. For the year ended December 31, 2018, Assets of RCR Energy Service reported total revenue of AUD 21.5 million and EBIT of AUD 1.5 million. The senior management team of RCR Energy Service has agreed to join The Environmental Group Limited. The Environmental Group Limited was able to secure the ongoing employment of all current Energy Service staff including State and National managers who transferred seamlessly to The Environmental Group Limited. The transaction is expected to complete within first half of 2019. The acquisition will be EPS accretive on a full year basis. The Environmental Group Limited (ASX:EGL) completed the acquisition of RCR Energy Services Pty. Ltd. from RCR Tomlinson Limited (ASX:RCR) for AUD 3 million on January 25, 2019. The acquisition was funded utilizing The Environmental Group Limited's existing debt facilities. As of February 5, 2019, the Business is operating as Tomlinson Energy Service, wholly owned by The Environmental Group Limited. Lion Capital Advisory Pty Ltd. acted as financial advisor for The Environmental Group Limited and Baker Jones Lawyers acted as legal advisor for The Environmental Group Limited.