secwatch.observer — SEC 8-K summary
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Issuer:     MODINE MANUFACTURING CO (MOD)
CIK:        0000067347
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001140361-24-009373
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/67347/000114036124009373/0001140361-24-009373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/67347/000114036124009373/ef20022058_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-009373

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