2023-06-05 08:43:55 ET
NYSE: BMB Aerospace is estimated to generate approximately $330 million of revenue and $65 million of EBITDA in calendar year 2023.
Barnes ( B ) estimated the effective purchase price multiple will be approximately 11.4 times 2023 EBITDA and 8.9 times inclusive of pro forma estimated run-rate cost synergies.
Barnes plans to finance the transaction with cash on hand and additional acquisition financing. Upon closing, Barnes estimates net leverage to be between 3.7 times and 3.9 times consolidated EBITDA, with a plan to reduce net leverage to below 3.0 times within 12 months and 2.5 times within 24 months following closing.
For further details see:
Barnes Group agrees to buy MB Aerospace in deal valued at $740M