Emerson sells InSinkErator to Whirlpool for $3.0B; 18.1x EBITDA multiple

EMERSON ELECTRIC CO

Sale price $3.0B; trailing twelve-month revenue $595M, EBITDA $166M as of March 31, 2022.
Transaction represents 18.1x EBITDA; expected to close in Emerson's fiscal year 2023.
InSinkErator employs ~1,400; acquired by Emerson in 1968.
Emerson engaged Goldman Sachs as financial adviser and Davis Polk as legal counsel.
Sale aligns with Emerson's goal of a higher-growth, more cohesive portfolio.

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