---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-009373"
form_type: "8-K"
ticker: "MOD"
cik: "0000067347"
company_name: "MODINE MANUFACTURING CO"
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T15:58:42.505647+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Modine acquires Scott Springfield Manufacturing for ~$191M to expand data center and IAQ offerings

## Summary
- Enterprise value ~$191M (USD) cash-free debt-free; expected close by April 1, 2024.
- Scott Springfield FY2023 revenue >$100M; acquisition immediately accretive to earnings.
- Adds air handling unit (AHU) capabilities for hyperscale/colocation data centers and IAQ.
- Financed via cash on hand and existing credit facility; no regulatory review required.
- Seller provides 5-year non-competition and non-solicitation agreements.

## SEC filing metadata
- accession: 0001140361-24-009373
- form_type: 8-K
- ticker: MOD
- cik: 0000067347
- company_name: MODINE MANUFACTURING CO
- filed_at: 2024-02-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/67347/000114036124009373/0001140361-24-009373-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/67347/000114036124009373/ef20022058_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-009373
- JSON: https://secwatch.observer/filing/0001140361-24-009373.json
- Plain text: https://secwatch.observer/filing/0001140361-24-009373.txt

## Key facts
- Material Agreements
  MODINE MANUFACTURING CO entered into Share Purchase Agreement with Olympic International Agencies Ltd. valued at $257.0 million (CDN), or approximately $191 million (US) (effective 2024-02-23).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Olympic International Agencies Ltd.
  - Value: $257.0 million (CDN), or approximately $191 million (US)
  - Effective: 2024-02-23
  source text: On February 23, 2024, Modine Manufacturing (Canada) Ltd. (the “Purchaser”), a wholly-owned subsidiary of Modine Manufacturing Company (“Modine”), entered into a Share Purchase Agreement (the “SPA”), by and among the Purchaser, Olympic International Agencies Ltd. (the “Seller Parent”), and Modine, pursuant to which the Purchaser agreed to purchase (the “Transaction”) from the Seller Parent of all the issued and outstanding shares in the capital of Scott Springfield MFG Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/67347/000114036124009373/0001140361-24-009373-index.htm

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