M&A
confidence high
sentiment positive
materiality 0.75
Karman acquires Seemann/MSC for $220M; raises FY2025 guidance, sets FY2026 outlook
Karman Holdings Inc.
- Total consideration $220M ($210M cash + $10M stock); expected close Q1 2026.
- FY2025 revenue raised to $470-471M; adjusted EBITDA $144.5-144.9M.
- FY2026 revenue expected $700-715M; adjusted EBITDA $205-215M.
- Acquisition immediately accretive to revenue, EBITDA, EPS, and cash flow in 2026.
- Expands into maritime defense market, accessing multi-decade U.S. Navy programs.