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Johns Lyng Group (ASX: JLG) is trading down nearly 0.9% on news it’s bought an 87.5% controlling stake in QLD-based insurance repairs company Keystone Group. Keystone provides insurance repairs, restoration and hazardous material removal through its subsidiaries Rizon, Remeed and Corvex (hazmat remediation). JLG said Keystone’s commercial insurance arm was highly complementary to Johns Lyng’s offerings. “The transaction supports JLG’s position as a market leader and increases its scale and capacity to effectively respond to large-scale catastrophic weather events,” JLG reported in its announce…

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