Apiam Animal Health Limited (ASX:AHX) agreed to acquire AllStock (NSW) Pty Ltd for AUD 1.75 million on December 28, 2016. Under the term of the agreement, the consideration involves 70% in cash and 30% in stock. The transaction will be funded from existing bank facilities. The principals of the business will enter into an employment contract with restraint conditions. Shares issued under the agreement will be subject to an escrow of up to two years. The transaction is expected to be earnings accretive. AllStock (NSW) Pty Ltd reported revenue of AUD 1.6 million for the year ended 2016. Baker Tilly Roelfs acted as a financial advisor to AllStock Pty Ltd. Apiam Animal Health Limited (ASX:AHX) completed the acquisition of AllStock (NSW) Pty Ltd on January 6, 2017. Under the terms of the transaction, Apiam Animal Health issued 0.44 million shares at AUD 1.2 per share and remaining consideration were paid in cash.