Graham Corp.

NYSE:GHM   3:59:39 PM EDT
-0.18 (-1.22%)
Debt Financing / Related, Officer Changes, Mergers / Acquisitions

Graham Corporation Acquires Barber-Nichols Inc For $70 Million

Published: 06/01/2021 13:25 GMT
Graham Corp. (GHM) - Graham Corporation Acquires Barber-nichols Inc. for $70 Million.
Graham Corp - Deal Expected to Be Immediately Accretive to Eps, Including Shares Issued for Purchase.
Graham Corp - Daniel J. Thoren, Formerly President and CEO of Barber-nichols, Appointed to Co's Executive Team.
Graham Corp - Entered Into New Credit Facilities Including a 5-year Term Loan to Finance a Portion of Purchase Price.
Graham Corp - Completed Acquisition of Management-owned Barber-nichols Inc in Combination of 87% Cash and 13% Stock.
Graham Corp - Cash Consideration Was Paid Using a Combination of $41.1 Million of Cash on Hand and $20.0 Million From a New Credit Facility.