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Mueller Industries, Inc. to acquire Nehring Electrical Works Company for approximately $575 million

Apr 22, 2024•over 1 year ago

Acquiring Company

Mueller Industries

Acquired Company

Nehring Electrical Works Company

ColliervilleDeKalbOil And GasManufacturingHardwareManufacturing

Description

Mueller Industries, Inc. has entered into a definitive agreement to acquire Nehring Electrical Works Company and certain of its affiliated companies for approximately $575 million, plus an additional $25 million earn out. The acquisition provides a substantial platform for long-term growth in the electrical and power infrastructure space and complements Mueller’s expertise in critical infrastructure sectors.

Company Information

Company

Mueller Industries

Location

Collierville, Tennessee, United States

About

Mueller Industries, Inc. is an industrial corporation with holdings that manufacture essential goods for various markets, including air, water, oil and gas distribution; climate comfort; food preservation; energy transmission; medical; aerospace and automotive. It encompasses a network of companies and brands across North America, Europe, Asia, and the Middle East.

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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