Graco acquires White Knight Fluid Handling
The deal at a glance
Graco acquired White Knight Fluid Handling for part of combined ~$185 million for four businesses (with additional earn-out consideration), a transaction completed in January 2015, structured as all cash plus contingent earn-out.
White Knight Fluid Handling operates in Industrial, is based in Kamas, Utah (USA), had revenue of about NULL (part of ~$50M aggregate sales / ~$17M EBITDA across the four businesses). Headquartered in Kamas, UT, White Knight Fluid Handling manufactures air-operated double-bellows pumps, air-operated double-diaphragm pumps and metering pumps. Its high-purity, metal-free pumps deliver, circulate, reclaim and transport chemical fluids and slurries used in producing semiconductors, solar panels, LED flat panel displays and other electronics, with applications including dosing, spiking, photoresist, etching, cleaning and blending.
The acquisitions we are announcing today support our strategic growth plans to expand into new markets and geographies, while diversifying our portfolio of precision products for critical applications.
High-purity, metal-free precision pumps serving high-growth semiconductor, solar and display electronics fabrication markets. Graco Industrial Products Segment
No advisory firms have been disclosed for this transaction.