Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Industrials · Ship & Boat Building & Repairing

USFM Corporation to acquire Twin Vee PowerCats, Co.

Announced Jul 13, 2026 · Announced

Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationNot disclosed

Transaction

Acquirer
USFM Corporation
Target
Twin Vee PowerCats, Co. (VEEE)
Buyer type
Strategic
Offer price per share
—
Enterprise value
—
Status
Announced

Deal protections

Break fee (target pays)
$1.5M
Reverse fee (buyer pays)
$0.5M
Go-shop
—
Financing
—

Advisors

To the acquirer
Not disclosed
To the target
Not disclosed

Sector context · Industrials

Comparable deals
97 in the prior 24 months
Premium
Sector median 36.0%
EV / Adj. EBITDA
Sector median 11.1x
Break fee
Sector median 2.9%

Timeline

  1. AnnouncedJul 13, 2026
  2. ClosedPending
Sources
  • 8-K · Jul 13, 2026
  • 8-K · Oct 8, 2026

Adj. EBITDA is operating income + D&A + impairment, restructuring, deal costs and stock compensation, less any large gain on a sale, last twelve months, from the target's filings. Calculated by Castle, so it can differ from a bank's adjusted figure.

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.