Brady closes $1.4B acquisition of Honeywell's PSS business; funded with debt and cash

BRADY CORP

Acquired Honeywell's Productivity Solutions & Services for $1.4B cash; PSS had ~$1.1B sales in 2025.
Funded via $800M credit facility, $800M private placement notes (5.43%-5.90% senior notes due 2031-2036), and cash on hand.
Expects ~$0.80 incremental adjusted EPS within 12 months; $25M annual cost synergies within 3 years.
Net debt-to-EBITDA ~2.5x at close; targets below 2.0x within two years.
New reporting segments: Identification Solutions (existing) and Intelligent Productivity Solutions (PSS).

item 1.01 item 2.03 item 2.01 item 7.01 item 9.01

Featured in Daily 8-K Digest

Selected #3 for 2026-08-06. Read digest

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.