REGAL REXNORD CORP (RRX): M&A transaction — Regal Rexnord completes $4.95B acquisition of Altra; sees $160M annual synergies by year four

REGAL REXNORD CORP

Acquired Altra for $62.00/share cash, total enterprise value ~$4.95B including $837M net debt assumed.
Expects annualized cost synergies of $160M by year four, plus cross-marketing revenue opportunities.
New segment structure: IPS (~37% pro forma sales), PES (~31%), AMC (~24%), Industrial Systems (~8%).
Affirms FY2023 guidance: GAAP diluted EPS $5.64-$6.44, adjusted diluted EPS $10.05-$10.85.
Targets 2025 pro forma revenue ~$8.3B, adjusted EBITDA margins >25%, adjusted EPS ~$18, FCF ~$1.1B.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

REGAL REXNORD CORP completed an acquisition involving Altra Industrial Motion Corp. for $62.00 per share (closed 2023-03-27).

Action: acquisition
Counterparty: Altra Industrial Motion Corp.
Consideration: $62.00 per share
Closing: 2023-03-27

Exact text from the filing

of Altra Common Stock granted under Altra’s 2014 Omnibus Incentive Plan and subject to forfeiture conditions) was converted into the right to receive cash in the amount of $62.00 per share, without interest (the “Merger Consideration”). A total of approximately $4.1 billion in cash was paid to Altra stockholders as consideration for the Merger. The Company

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5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

REGAL REXNORD CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-037123

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