Standex International Corporation announced on February 5, 2025, the acquisition of privately-held, California-based McStarlite Co. for approximately $56.5 million in cash. The transaction was financed from Standex's existing revolver.
McStarlite Co. is a premier specialist in forming complex sheet metal aerospace components, including cold deep draw and bulge-formed aviation components. For calendar year 2024, McStarlite's revenue was approximately $33 million with an adjusted EBITDA margin above 20%.
This acquisition is expected to be accretive to Standex's earnings in its first year of ownership and will be reported as part of the Engineering Technologies Group. It expands Standex's product breadth and forming capabilities in commercial aviation, space, and defense applications, complementing its existing Spincraft business.
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