---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-010889"
form_type: "8-K"
ticker: "MOD"
cik: "0000067347"
company_name: "MODINE MANUFACTURING CO"
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T05:05:04.278131+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Modine completes acquisition of Scott Springfield MFG for $191M USD

## Summary
- Acquisition completed on March 1, 2024 via wholly-owned subsidiary Modine Manufacturing (Canada) Ltd.
- Purchase price of $257M CAD (~$191M USD) on a cash-free, debt-free basis.
- Consideration partly held in escrow for post-closing adjustments and indemnification.
- Funded with cash on hand and existing credit facility; no material relationship with seller.

## SEC filing metadata
- accession: 0001140361-24-010889
- form_type: 8-K
- ticker: MOD
- cik: 0000067347
- company_name: MODINE MANUFACTURING CO
- filed_at: 2024-03-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/67347/000114036124010889/0001140361-24-010889-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/67347/000114036124010889/ef20022857_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-010889
- JSON: https://secwatch.observer/filing/0001140361-24-010889.json
- Plain text: https://secwatch.observer/filing/0001140361-24-010889.txt

## Key facts
- M&A Transactions
  MODINE MANUFACTURING CO completed an acquisition involving Olympic International Agencies Ltd. for $257.0 million (CDN), or approximately $191 million (US), on a cash-free, debt-free basis (closed 2024-03-01).
  - Action: acquisition
  - Counterparty: Olympic International Agencies Ltd.
  - Consideration: $257.0 million (CDN), or approximately $191 million (US), on a cash-free, debt-free basis
  - Closing: 2024-03-01
  source text: and Modine. As a result of the transaction, the Corporation is a wholly-owned subsidiary of Purchaser. The aggregate purchase price paid by the Company to the Seller Parent was $257.0 million (CDN), or approximately $191 million (US), on a cash-free, debt-free basis. A portion of the consideration will be held in escrow pending certain post-closing working capital
  evidence_url: https://www.sec.gov/Archives/edgar/data/67347/000114036124010889/0001140361-24-010889-index.htm

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