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Announced

Completed

Graham completed the acquisition of Barber-Nichols for $70m.

Financials

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Transaction Value£49m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA1.25x
Share Price Premium-
One Off Charge-

Tags

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electronics

Single Bidder

Acquisition

Domestic

United States

Machinery: Industrial

Public

turbomachinery

Majority

Completed

Friendly

Synopsis

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Graham, a company that designs and builds vacuum and heat transfer equipment for process industries, completed the acquisition of Barber-Nichols, a supplier of electronics enhanced turbomachines and turbomachine based subsystems, for $70m. “We are excited to announce the acquisition of BNI which is transformative for Graham and immediately amplifies our financial performance. It significantly increases our sales and earnings, accelerates our diversification into the less-cyclical defense sector, and provides a platform for strong growth with a broader range of engineered solutions. This combination positions Graham for higher, more stable growth as well as an improving margin profile with room for expansion," James R. Lines, Graham CEO.

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