---
schema_version: "secwatch.filing_event.v1"
accession: "0000746598-26-000034"
form_type: "8-K"
ticker: "BRC"
cik: "0000746598"
company_name: "BRADY CORP"
filed_at: "2026-08-06T21:14:45+00:00"
generated_at: "2026-08-06T21:16:18.291994+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000746598-26-000034
- form_type: 8-K
- ticker: BRC
- cik: 0000746598
- company_name: BRADY CORP
- filed_at: 2026-08-06T21:14:45+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.03, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746598/000074659826000034/0000746598-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746598/000074659826000034/brc-20260803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000746598-26-000034
- JSON: https://secwatch.observer/filing/0000746598-26-000034.json
- Plain text: https://secwatch.observer/filing/0000746598-26-000034.txt

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