Apogee Enterprises to Acquire Kalwall Companies
Apogee Enterprises has entered a definitive agreement to acquire Kalwall Companies from the Keller family for up to $115 million on a cash-free, debt-free basis. The purchase price includes $105 million in cash at closing and up to $10 million in earnout payments tied to financial performance through the end of fiscal 2027’s third quarter. Kalwall will be integrated into Apogee’s Architectural Glass segment, contributing an estimated $85 million in revenue with a 15% adjusted EBITDA margin in the first year, rising to a long-term target of 20%.
Key figures
- Deal Value Usd
- 115000000
- Cash at close
- 105000000
- Synergies usd
- 4000000
- Earnout potential
- 10000000
- Synergy target date
- end of fiscal 2029
- Long term margin target
- 20%
- Projected ebitda margin
- 15%
- Projected revenue contribution
- 85000000
AI analysis
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