June 18 (Reuters) - Macmahon Holdings Ltd MAH.AX :
* EXECUTED A BINDING AGREEMENT TO ACQUIRE 100% OF GF HOLDINGS (WA) PTY LTD AND SUBSIDIARIES FOR CIRCA $48 MILLION
* ACQUISITION IS EXPECTED TO BE EPS ACCRETIVE
* GBF EXPECTED TO GENERATE FY20 REVENUE OF CIRCA $180 MILLION AND EBITDA OF CIRCA $20 MILLION
* $48 MILLION UPFRONT COMPONENT OF PURCHASE PRICE WILL BE FUNDED BY CASH AND ASSUMPTION OF GBF'S FINANCE LEASE DEBT