M&A · Industrials · Metalworkg Machinery & Equipment
ShoreView Industries to acquire P&F Industries Inc
Announced Oct 13, 2023 · Closed Dec 20, 2023
Deal value$42MEV $46M
Premium97.0%To unaffected price
EV / Adj. EBITDA22.5x0.8x EV / Revenue
ConsiderationAll cash$13.00 per share
Transaction
- Acquirer
- ShoreView Industries
- Target
- P&F Industries Inc
- Buyer type
- Strategic
- Offer price per share
- $13.00
- Enterprise value
- $46M
- Status
- Closed Dec 20, 2023
Deal protections
- Break fee (target pays)
- $2.1M · 5.1%
- Reverse fee (buyer pays)
- $3.7M · 8.9%
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Industrials
- Comparable deals
- 77 in the prior 24 months
- Premium
- 97.0% vs. 49.0% sector median
- EV / Adj. EBITDA
- 22.5x vs. 10.8x sector median
- Break fee
- 5.1% vs. 2.9% sector median
Timeline
- AnnouncedOct 13, 2023
- Proxy filedNov 3, 2023
- Definitive proxyNov 17, 2023
- Shareholder voteDec 20, 2023
- ClosedDec 20, 2023