Crane acquires Vian Enterprises for $103M to bolster aerospace fluid solutions

Crane Co

Purchase price of approximately $103 million on a cash-free, debt-free basis.
Vian had trailing 12-month sales of ~$33M and adjusted EBITDA of ~$8M through August 2023; backlog exceeds $100M.
Deal is expected to be immediately accretive to Aerospace & Electronics segment EBITDA margins.
Financed primarily with proceeds from Crane's revolving credit facility.

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