AWF Madison Group Limited (NZSE:AWF) entered into an agreement to acquire JacksonStone & Partners Limited for NZD 10.5 million on May 29, 2019. The transaction is structured with an initial payment of NZD 6.7 million on closing and an estimated NZD 3.8 million payable in three installments over the next couple of years, subject to JacksonStone achieving defined performance targets. The transaction will be funded from existing debt facilities. JacksonStone reported revenues of approximately NZD 32 million and normalized EBITDA of approximately NZD 3 million. The transaction is expected to be earnings accretive.