secwatch.observer — SEC 8-K summary
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Issuer:     MODINE MANUFACTURING CO (MOD)
CIK:        0000067347
Form:       8-K
Filed at:   2025-05-30T23:59:59+00:00
Accession:  0001558370-25-008266
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modine acquires L.B. White for ~$112M; deal accretive, expected close May 31
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- Purchase price ~$112M; EV/TTM EBITDA multiple below 10x; TTM revenue $73.5M.
- L.B. White is a leader in specialty heating for agriculture, construction, and events; 190 employees.
- Deal expected to close May 31, 2025, funded by cash on hand and existing credit facility.
- Acquisition expected to be immediately accretive to EPS; L.B. White to integrate into HVAC Technologies.
- Pro forma net leverage estimated at ~0.8x based on Modine's March 31 balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/67347/000155837025008266/0001558370-25-008266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/67347/000155837025008266/mod-20250529x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-008266

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer