Miller Industries completes $20.3M acquisition of Italian towing equipment maker Omars

MILLER INDUSTRIES INC /TN/

Acquired Omars for ~€17.5M ($20.3M) all-cash; ~$876K escrowed for indemnification.
Omars had 2024 revenue of ~$27M; deal expected to be accretive in first year.
Financed with cash on hand and existing credit facility; expands European market presence.
Omars manufactures light-, medium-, heavy-duty car carriers and recovery vehicles in Italy.

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