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Apogee Enterprises, Inc. to Acquire UW Solutions for $240 Million in Cash

Sep 25, 2024•about 1 year ago

Acquiring Company

Apogee Enterprises

Acquired Company

UW Solutions

MinneapolisLouisvilleManufacturingManufacturing

Description

Apogee Enterprises, Inc. (Nasdaq: APOG) has entered into a definitive agreement to acquire UW Solutions from Heartwood Partners for $240 million in cash, subject to customary closing conditions. This acquisition is a strategic move to expand Apogee's product offerings and diversify the LSO segment, providing long-term growth opportunities through the combined business's performance coatings capabilities.

Company Information

Company

Apogee Enterprises

Location

Minneapolis, Minnesota, United States

About

Apogee Enterprises, Inc. is a leading provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used for preservation, energy conservation, and aerospace applications. Its diverse technologies and services contribute to the sustainability and aesthetics of the built environment. Apogee Enterprises aims to expand its product offerings and diversify the LSO segment through strategic acquisitions.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed