Millennium builds national footprint with Airlite acquisition

Acquisition of Airlite Group

Millennium Services Group is pleased to confirm the acquisition of Airlite Group, a leading cleaning and integrated services provider based in Perth, and with an established presence on the east coast servicing a large base of commercial and retail blue-chip clients. Established in 1967, Airlite’s significant experience in the facility management and maintenance services sector will enable Millennium to draw on their expertise to provide these services to a broader client base nationally, and for Millennium to extend its security offer into Western Australia. Commenting on the acquisition, Millennium’s CEO Mark Baldwin said “Airlite has a large and skilled direct labour force, with experience in value-add services, similar to the profile of Millennium’s highly trained personnel and I am delighted that we have retained the Group’s key management team giving us confidence that the integration process will proceed smoothly. In particular, I look forward to working closely with Ross Gavranich, Steve Willis, Stuart Davis and the entire Airlite team. Ross has also been appointed to Millennium’s Board as an Executive Director”.

Appointment of Chief Operating Officer

Millennium is also pleased to announce the key appointment of Craig Hanley as Chief Operating Officer (COO) to Millennium Group, commencing 1 February 2017. Craig has earned an enviable reputation within the industry in building security and integrated services capabilities and his appointment supports the Group’s aim to strengthen its security and integrated services capabilities, focused on delivering improved and extended services to our valued clients. “The appointment of Craig Hanley increases Millennium’s management strength at an important time of national expansion and integration of the Airlite Group”, said Mark Baldwin. “As we build our business according to our growth strategy, it is important that we continue to provide high quality, value-add services to our clients, and ensure stability and enhanced opportunities for our employees. We look forward to welcoming the Airlite team and Craig over the coming months as we focus our efforts on successfully integrating Airlite’s operations within our business ”, said Mark Baldwin.


Millennium Services Group Limited | ABN 11 607 926 787
Level 1, 205-211 Forster Road, Mount Waverley 3149

Millennium completes acquisition of Airlite Group

Millennium Services Group (ASX:MIL) today advises that further to its announcement of 21 October 2016, it has now completed the acquisition of the Airlite Group for $25.1 million1.

Ross Gavranich, Executive Chairman of Airlite Group, will now join the Millennium Services Group Board. Ross is a veteran of the facility services industry and brings over 30 years of experience to the Board. Ross has been Executive Chairman of Airlite Group since 2012, following senior management roles at Airlite in operations and marketing.

About Airlite

Airlite is a leading provider of cleaning and integrated services in Western Australia, with satellite offices in Sydney, Melbourne and the Gold Coast, offering a responsive and comprehensive service to its blue-chip client base.

Established in Perth in 1967, Airlite originally provided cleaning services to the commercial property sector. Following 50 years of growth, expansion and diversification, Airlite today employs approximately 1,500 people and provides specialist cleaning, maintenance and integrated services to a broad range of clients, sectors and premises types, from small to large facilities.


Investor Enquiries
Damien Gray
Chief Financial Officer
Ph: (03) 9296 2095

Media Enquiries
Tim Duncan
Ph: 0408 441 122 / (03) 9600 1979

1 $25.1 million cash, plus the right for a further earn out of 4 times the amount that Airlite’s 2017 Earn Out EBITDA exceeds $6.25 million.

Millennium Services Group Limited | ABN 11 607 926 787
Level 1, TOKH Corporate Centre, 459 Toorak Road, Toorak VIC 3142