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New Deal


Announced

Mueller Industries to acquire Nehring Electrical Works Company for $600m.

Financials

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Transaction Value£484m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales1.5x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Electrical Components

Acquisition

Majority

Private

Friendly

United States

wire and cables

Domestic

Pending

Single Bidder

Synopsis

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Mueller Industries, an American manufacturing company, agreed to acquire Nehring Electrical Works Company, a provider of wire and cable solutions for the utility, telecommunication, electrical distribution, and OEM markets, for $600m. "We are excited to welcome Nehring into our portfolio of companies. This acquisition provides a substantial platform for long-term growth in the electrical and power infrastructure space and complements the other critical infrastructure sectors we support. In addition to its operational culture, which is well aligned with our own, the addition of Nehring leverages our deep expertise in metals, particularly copper and aluminum extrusion, and provides synergies to both companies," Greg Christopher, Mueller CEO.

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