Apogee to Acquire Kalwall Parent Keller for $105M Cash Plus Earn-Out
Summary
Apogee Enterprises is acquiring Keller Companies, the parent of Kalwall and Structures Unlimited, for $105 million in cash plus up to $10 million in earn-out. This follows the 8-K filed earlier today detailing the definitive agreement for up to $115 million. The acquisition is material, representing approximately 13% of Apogee's market capitalization, and expands its portfolio in high-performance translucent building systems. Closing is expected in fiscal 2027 Q2, subject to customary conditions.
At the time of this announcement, APOG was trading at $37.66 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $804M. The 52-week trading range was $30.75 to $49.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.