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New Deal


Announced

Completed

Worthington Industries completed the acquisition of Level5 Tools for $80m.

Financials

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Transaction Value£63m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales2.5x
EV/EBITDA12.9x
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

United States

Domestic

drywall tools

Friendly

Single Bidder

Majority

Diversified Industrials

Completed

Synopsis

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Worthington Industries, a global diversified metals manufacturing company, completed the acquisition of Level5 Tools, a provider of drywall tools, including automatic drywall taping and finishing tools, for $80m. "We’re excited to welcome Level5 to the Worthington family and our growing portfolio of consumer brands. Together, with our current lineup of tool products through our General, Bernzomatic, Mag-Torch and Pactool brands, Level5 expands our offerings and introduces attractive new end markets," Steve Caravati, Worthington Industries President of Consumer Products.

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