Acquiring Company
ESAB Corporation
Acquired Company
DispatchHealth
North BethesdaDenverManufacturingOil And GasConstructionMedicalDescription
ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a world leader in fabrication and gas control technology, announced today that it has acquired Ohio Medical, LLC (“Ohio Medical”), a global leader in oxygen regulators and central gas systems, from a private investor group for a cash purchase price of $127 million. The Company also expects an additional cash tax benefit with a net present value of $15 million. During the twelve months ended August 31, 2022, Ohio Medical generated over $45 million of sales, gross margins above 40%, and adjusted EBITDA margins greater than 20%. The acquisition is expected to be adjusted EPS accretive to ESAB in the first year. The Company financed the acquisition using cash on hand and expects its net leverage ratio to be less than 3x at the end of 2022. ESAB will provide additional information during its earnings call on Thursday, November 3, 2022.
Quick answer
ESAB Corporation is acquiring DispatchHealth, announced October 17, 2022. ESAB Corporation is based in North Bethesda, Maryland, United States.
- How much did ESAB Corporation pay for DispatchHealth?
- The deal value was not disclosed.
- What does ESAB Corporation do?
- ESAB Corporation (NYSE: ESAB) is a world leader in fabrication and gas control technology, providing our partners with advanced equipment, consumables, gas control equipment, robotics, and digital solutions which enable..
- Where are ESAB Corporation and DispatchHealth based?
- ESAB Corporation is based in North Bethesda, Maryland, United States. DispatchHealth is based in Denver, Colorado, United States.
- Who are the decision-makers at ESAB Corporation?
- Fundz holds 2 contacts at ESAB Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at ESAB Corporation, and when
When ESAB Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day ESAB Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ESAB Corporation, from your own LinkedIn network
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Related People
Frequently asked
Who acquired DispatchHealth?
DispatchHealth was acquired by ESAB Corporation, based in North Bethesda. The deal was reported on October 17, 2022. ESAB Corporation is publicly traded (ESAB) and operates in Manufacturing.
When did ESAB Corporation acquire DispatchHealth?
ESAB Corporation's acquisition of DispatchHealth was reported on October 17, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does DispatchHealth do?
DispatchHealth is a leading provider of complex care in the home for people experiencing serious health concerns. It is privately held, operating in Medical, and is based in Denver.
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