JPS: From a ‘Troopy’ to $75m in 6 Years

Tasmea buys second company in a month with JPS deal

Set up in only 2018 after its founders worked on Chevron’s Wheatstone project in WA’s Pilbara, JPS provides maintenance and shutdown services for LNG clients including Shell, INPEX and Woodside.

JPS: from a ‘troopy’ to $75m in 6 years

Diversified contractor Tasmea has announced its second acquisition this month, paying up to $75 million for an oil and gas services business started from scratch six years ago.

Wednesday's HotCopper trends: Prominence Energy, Adavale Resources, Tasmea, and other daily topics

With more than 600k average monthly users on the HotCopper forums, each and every discussion can move markets. That’s why getting in front of those red-hot trends is key for every trader worth their salt. In this daily HotCopper Trends column, we break down the top Oz stocks through each trading day. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and…

Tasmea (ASX:TEA) bolts on JPS Group at 5x EBIT for LNG reach

Three weeks after Maxim, a second 5x deal lands with Chevron, Woodside and Shell on the books Tasmea (ASX:TEA) has done it again. Three weeks after announcing the A$254 million Maxim Group deal, the company has signed to acquire JPS Group for total consideration of up to A$75 million, with settlement targeted around 1 August 2026 subject to ACCC clearance. The structure rhymes with Maxim. Upfront EV/EBIT of roughly 5x on FY26e underlying EBIT of…