---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-007212"
form_type: "8-K/A"
ticker: "KEQU"
cik: "0000055529"
company_name: "KEWAUNEE SCIENTIFIC CORP /DE/"
filed_at: "2025-01-16T23:59:59+00:00"
generated_at: "2026-05-28T00:34:25.159883+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kewaunee closes Nu Aire acquisition for $55M; audited Nu Aire FY24 net income $5.44M

## Summary
- Kewaunee acquired Nu Aire for $55M on Nov 1, 2024, using $35M bank financing and $23M seller notes at 8%.
- Nu Aire FY2024 revenue $74.85M (down 8% YoY), net income $5.44M (up 84% from $2.96M).
- Nu Aire had no debt, $13.46M cash; acquisition enterprise value ~$41.5M.
- Nu Aire gross margin improved to 31.6% in FY2024 from 28.3% in FY2023.
- Pro forma financials filed; combined entity with increased scale and profitability profile.

## SEC filing metadata
- accession: 0001193125-25-007212
- form_type: 8-K/A
- ticker: KEQU
- cik: 0000055529
- company_name: KEWAUNEE SCIENTIFIC CORP /DE/
- filed_at: 2025-01-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55529/000119312525007212/0001193125-25-007212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55529/000119312525007212/d915304d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-007212
- JSON: https://secwatch.observer/filing/0001193125-25-007212.json
- Plain text: https://secwatch.observer/filing/0001193125-25-007212.txt

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