M&A
confidence high
sentiment positive
materiality 0.75
Ichor acquires IMG for $270M; expects accretion to margins and EPS in 2022
ICHOR HOLDINGS, LTD.
- Total purchase price $270M, financed with ~$140M cash/marketable securities and $130M incremental borrowings.
- IMG provides precision machining, welding, brazing, surface treatment for semiconductor, medical, defense/aerospace.
- Expected to add $70-80M revenue, $0.32-0.38 non-GAAP EPS, and $20-22M adjusted EBITDA annually.
- Acquisition projected to add at least 100 bps to gross margin and 40 bps to operating margin (non-GAAP) for FY2022.
- Expected to close in Q4 2021, subject to customary conditions.