---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-249232"
form_type: "8-K"
ticker: "KEQU"
cik: "0000055529"
company_name: "KEWAUNEE SCIENTIFIC CORP /DE/"
filed_at: "2024-11-01T23:59:59+00:00"
generated_at: "2026-05-30T07:07:37.638729+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kewaunee Scientific acquires Nu Aire for $55M; expands life sciences product line

## Summary
- Total purchase price $55M, funded with $32M cash (PNC revolver & term loan) and $23M seller notes at 8%.
- PNC financing includes $20M revolver and $15M term loan maturing Nov 2029; seller notes mature in 3 years.
- Nu Aire manufactures biosafety cabinets, CO2 incubators, ultralow freezers; serves life sciences, healthcare, education.
- Bill Peters remains Nu Aire President and joins Kewaunee as VP; company cites operational synergies and expanded market reach.
- Management expects combined product portfolio and channel strategy to drive sustainable growth.

## SEC filing metadata
- accession: 0001193125-24-249232
- form_type: 8-K
- ticker: KEQU
- cik: 0000055529
- company_name: KEWAUNEE SCIENTIFIC CORP /DE/
- filed_at: 2024-11-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55529/000119312524249232/0001193125-24-249232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55529/000119312524249232/d886750d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-249232
- JSON: https://secwatch.observer/filing/0001193125-24-249232.json
- Plain text: https://secwatch.observer/filing/0001193125-24-249232.txt

## Key facts
- M&A Transactions
  KEWAUNEE SCIENTIFIC CORP /DE/ completed an acquisition involving Nu Aire, Inc. for $55,000,000 (closed 2024-11-01).
  - Action: acquisition
  - Counterparty: Nu Aire, Inc.
  - Consideration: $55,000,000
  - Closing: 2024-11-01
  source text: (after the RWI Policy is exhausted). Pursuant to the terms of the Purchase Agreement, the Company purchased all of the outstanding capital stock of Nu Aire from the Sellers for $55,000,000 in the aggregate (the “Purchase Price”), subject to certain customary adjustments for debt, cash, transaction expenses and net working capital, as further described in the
  evidence_url: https://www.sec.gov/Archives/edgar/data/55529/000119312524249232/0001193125-24-249232-index.htm

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