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Programmed Maintenance (PRG) BIG Report June 2017

The business commenced in Victoria in 1951 providing contract painting services and was listed on the ASX in 1999 with the ticker PRG. In 2007 PRG merged with WA based employment services company, Integrated Group and the merged business traded under the name, ‘Programmed Maintenance Services’. Fast forward to CY15 and PRG acquired Skilled Group in October 2015 for $320m (plus goodwill of $373M added to the balance sheet) on the basis of greater scale and diversification. In FY16 the combined businesses of PRG and Skilled have in excess of 20,000 people and more than 10,000 customers within the areas in which they operate Australia and New Zealand.

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