Graham acquires FlackTek for $35M plus $25M earnout; adds advanced mixing platform

GRAHAM CORP

Base purchase price of $35M paid 85% cash/15% stock (75,818 shares); up to $25M performance-based earnout over 4 years.
FlackTek has ~$30M annualized revenue; base price ~12x projected 2026 adjusted EBITDA.
Credit facility amended from $50M to $80M to fund acquisition; pro forma leverage ~1.2x.
FlackTek CEO Matt Gross joins Graham as VP & GM; acquisition adds third core platform alongside vacuum/heat transfer and turbomachinery.
Further details will be provided on the FY2026 Q3 earnings call on Feb 6, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

GRAHAM CORP entered into Second Amendment with Wells Fargo Bank National Association valued at Revolving credit limit increased from $50.0 million to $80.0 million; permits up to $5.0 million in (effective 2026-01-23).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank National Association
Value: Revolving credit limit increased from $50.0 million to $80.0 million; permits up to $5.0 million in
Effective: 2026-01-23

Exact text from the filing

On January 23, 2026, Graham Corporation (the “Company”) entered into a second amendment (the “Second Amendment”) to its existing credit agreement, by and between the Company and Wells Fargo Bank National Association (“Wells Fargo”), dated as of October 13, 2023, as amended (the “Credit Agreement”).

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GRAHAM CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-021705

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