secwatch.observer — SEC 8-K summary
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Issuer:     BRADY CORP (BRC)
CIK:        0000746598
Form:       8-K
Filed at:   2026-08-06T21:14:45+00:00
Accession:  0000746598-26-000034
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 2.03, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746598/000074659826000034/0000746598-26-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746598/000074659826000034/brc-20260803.htm
  HTML page:      https://secwatch.observer/filing/0000746598-26-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer