---
schema_version: "secwatch.filing_event.v1"
accession: "0000746598-26-000014"
form_type: "8-K"
ticker: "BRC"
cik: "0000746598"
company_name: "BRADY CORP"
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:13:38.078299+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Brady Corp to acquire Honeywell's PSS business for $1.4B cash, ~8x EBITDA

## Summary
- Purchase price $1.4B, ~8x 2025 EBITDA; PSS generated $1.1B sales in 2025 with 3,000 employees.
- Transaction expected to close H2 2026; funded via new debt and cash on hand; net debt/EBITDA ~2.5x.
- Acquisition immediately double-digit accretive to adjusted diluted EPS; at least $25M annual run-rate cost synergies within 3 years.
- Combined company gains PSS mobile computing, scanning, RFID, software, expanding into $9B productivity solutions market.
- Brady expects to delever below 2.0x net debt/EBITDA within 2 years post-close; maintains strong balance sheet.

## SEC filing metadata
- accession: 0000746598-26-000014
- form_type: 8-K
- ticker: BRC
- cik: 0000746598
- company_name: BRADY CORP
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746598/000074659826000014/0000746598-26-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746598/000074659826000014/brc-20260420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000746598-26-000014
- JSON: https://secwatch.observer/filing/0000746598-26-000014.json
- Plain text: https://secwatch.observer/filing/0000746598-26-000014.txt

## Source-grounded claims
- claim_id: 2aca82040ddf5a062139d2c9dd7fac4537074b63
  claim: BRADY CORP entered into Equity Purchase Agreement with Honeywell International Inc. valued at $1.4 billion in cash (effective 2026-04-20).
  evidence_excerpt: On April 20, 2026, Brady Corporation (the “Company”) and its wholly owned subsidiary, Brady Worldwide, Inc. (the “Purchaser”), entered into an Equity Purchase Agreement (the “Purchase Agreement”) with Honeywell International Inc. (the “Seller”). Pursuant to the Purchase Agreement, on the terms and subject to the conditions therein, the Purchaser will acquire the Seller’s Productivity Solutions and Services business (“PSS business”), a global manufacturer and provider of integrated mobile computing, scanning, printing, and software solutions, for a base purchase price of $1.4 billion in cash (the “Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/746598/000074659826000014/0000746598-26-000014-index.htm
- claim_id: ec4f20cf44cf92dc683843efebc07cf692465a51
  claim: BRADY CORP entered into Debt Commitment Letter with BMO Capital Markets valued at up to $1.8 billion (effective 2026-04-20).
  evidence_excerpt: Concurrently with the entry into the Purchase Agreement, the Purchaser entered into a debt commitment letter (the “Debt Commitment Letter”) with BMO Capital Markets. Pursuant to the Debt Commitment Letter, BMO Capital Markets has committed to provide bridge facilities in an aggregate principal amount of up to $1.8 billion, consisting of a $1 billion Tranche A facility and an $800 million Tranche B facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/746598/000074659826000014/0000746598-26-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.