M&A
confidence high
sentiment positive
materiality 0.75
Nucor acquires C.H.I. Overhead Doors for $3.0B cash from KKR
NUCOR CORP
- Deal valued at $3.0B, representing ~13x trailing twelve-month EBITDA at close.
- Transaction expected to close in June 2022, subject to regulatory approvals and customary conditions.
- Acquisition is immediately accretive to earnings in the first year of ownership.
- C.H.I. is a leading manufacturer of overhead doors with ~800 employees and two plants in Illinois and Indiana.
- Expands Nucor's construction and infrastructure end-market solutions, following recent acquisitions in insulated metal panels and racking.