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New Deal


Announced

Modine to acquire Scott Springfield Manufacturing for $190m.

Financials

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Transaction Value£149m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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air handling units

Pending

Single Bidder

Canada

Production Technology Equipment

Acquisition

Cross Border

Majority

Private

Friendly

Synopsis

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Modine, a thermal management company, agreed to acquire Scott Springfield Manufacturing, an air handling units manufacturer, for $190m. "We are excited to welcome the Scott Springfield team to the Modine family and continue to advance our complete suite of products in the data center area, as well as expand our indoor air quality offerings. The acquisition is right in line with our transformation and will bring Modine a product line and customer base in high-growth markets that fully complement and expand our current reach, including to hyperscale data center operators," Neil D. Brinker, Modine President and CEO.

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