Apogee acquires Kalwall Companies for up to $115M in cash; adds daylighting solutions

APOGEE ENTERPRISES, INC.

$105M cash at close plus up to $10M earnout; expected to close in Q2 FY2027.
Acquisition financed with cash on hand and existing credit facility.
Expected $85M revenue with ~15% adj. EBITDA margin in first 12 months; $4M cost synergies by FY2029.
Expected to be accretive to adjusted diluted EPS in first year.
Kalwall's translucent daylighting solutions strengthen Apogee's Architectural Glass segment with cross-sell opportunities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

APOGEE ENTERPRISES, INC. entered into Merger Agreement with Keller Companies, Inc. ("KCI") and KCI’s shareholders (the "Sellers") valued at approximately $105 million (effective 2026-05-27).

Action: entry
Agreement: merger
Counterparty: Keller Companies, Inc. ("KCI") and KCI’s shareholders (the "Sellers")
Value: approximately $105 million
Effective: 2026-05-27

Exact text from the filing

On May 27, 2026, Apogee Enterprises, Inc. (the “Company”) entered into a Merger Agreement (the “Merger Agreement”) with Keller Companies, Inc. (“KCI”) and KCI’s shareholders (the “Sellers”).

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APOGEE ENTERPRISES, INC. filing history →

Source: SEC EDGAR

accession 0000006845-26-000044

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