M&A
confidence high
sentiment neutral
materiality 0.65
Gorman-Rupp files financial statements for $525M acquisition of Tuthill Transfer Systems
GORMAN RUPP CO
- Acquired business (Fill-Rite, Sotera brands) had 2021 net sales of $132.7M and net income of $14.5M.
- Purchase price approximately $525M; transaction closed on May 31, 2022.
- Historical audited financials for FY2021 and FY2020 and unaudited Q1 2022 filed as exhibits.
- Pro forma combined financials for Q1 2022 and FY2021 included in the filing.