{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-035846","form_type":"8-K","ticker":"BELFA","cik":"0000729580","company_name":"BEL FUSE INC /NJ","filed_at":"2024-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.932936+00:00","generated_at":"2026-05-29T22:13:43.512079+00:00","sec_items":["1.01","2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Bel Fuse closes $320M acquisition of 80% stake in Enercon Technologies, defense power supplier","bullets":["Cash purchase price $320M plus up to $10M earnout; enterprise value $400M.","Funded by $80M cash on hand and $240M from revolving credit facility; revolver increased to $325M.","Enercon LTM Q3 2024 sales $115M, gross margin 47%; operates as sole supplier in aerospace/defense.","Bel intends to purchase remaining 20% by early 2027 based on future EBITDA performance.","Enercon to operate independently under Bel Power Solutions segment; facilities in Israel, US, India."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-035846","json":"https://secwatch.observer/filing/0001437749-24-035846.json","markdown":"https://secwatch.observer/filing/0001437749-24-035846.md","text":"https://secwatch.observer/filing/0001437749-24-035846.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/729580/000143774924035846/0001437749-24-035846-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/729580/000143774924035846/belfb20241105_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T22:13:43.512079+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0cdfd2bf6000ec0137de7b150a608b9569faf484","claim":"BEL FUSE INC /NJ completed an acquisition involving Enercon Technologies, Ltd., FF3 Holdings, L.P., and the other seller parties signatory to the Purchase Agreement for $320 million (subject to customary adjustments), plus up to $10 million in potential earnout payments (closed 2024-11-14).","evidence_excerpt":"on the Closing Date, Bel acquired from the Sellers 80% of the issued and outstanding share capital of Enercon on a fully-diluted basis for (i) a cash purchase price of $320 million (subject to customary adjustments), plus (ii) up to $10 million in potential earnout payments for the 2025-2026 period (the “ Earnout Payments ”), as further described below.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/729580/000143774924035846/0001437749-24-035846-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Enercon Technologies, Ltd., FF3 Holdings, L.P., and the other seller parties signatory to the Purchase Agreement"},{"label":"Consideration","value":"$320 million (subject to customary adjustments), plus up to $10 million in potential earnout payments"},{"label":"Closing","value":"2024-11-14"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}