secwatch.observer — SEC 8-K summary
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Issuer:     APOGEE ENTERPRISES, INC. (APOG)
CIK:        0000006845
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0000006845-24-000238
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apogee Enterprises to acquire UW Solutions for $240M cash; expected close in fiscal Q3 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6845/000000684524000238/0000006845-24-000238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6845/000000684524000238/apog-20240923.htm
  HTML page:      https://secwatch.observer/filing/0000006845-24-000238

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