How Will Bhagwan’s $130M Riverside Deal Reshape Australia’s Marine Sector?

• Acquisition valued up to $130 million on a debt-free, cash-free basis
• Riverside Marine adds 30 vessels and expands geographic footprint to North Queensland and Pilbara
• Pro forma revenue increase of 22% and EBITDA uplift of 54% for Bhagwan
• Funding includes $70 million debt facility, $20 million vendor equity, and $30 million institutional share placement