Gorman-Rupp completes $525M acquisition of Fill-Rite; financed with $440M in new debt

GORMAN RUPP CO

Acquired Fill-Rite and Sotera brands from Tuthill Corp for $525M; net $445M after ~$80M expected tax benefits.
Funded with cash-on-hand, $350M senior secured term loan, $90M subordinated term loan, and $100M revolver.
CEO Scott King cited over 150 years combined experience and a smooth transition; transaction closed May 31, 2022.
Financial statements and pro forma info for the acquisition will be filed within 71 days.

item 1.01 item 2.01 item 2.03 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.