M&A
confidence high
sentiment positive
materiality 0.75
Apogee Enterprises to acquire UW Solutions for $240M cash; expected close in fiscal Q3 2025
APOGEE ENTERPRISES, INC.
- Purchase price of $240M in cash; expected to close in fiscal Q3 2025.
- Revenue contribution ~$100M at ~20% adjusted EBITDA margin; $5M cost synergies by end of fiscal 2027.
- Purchase price multiple ~8.5x adjusted EBITDA, inclusive of $5M synergies and ~$27M tax step-up benefit.
- Financed with cash on hand and existing credit facility; post-close leverage ratio ~1.5x.
- Transaction expected to be accretive to adjusted EPS starting in fiscal 2026.