Mergers & Acquisitions ·
Brady Corporation completed its acquisition of Honeywell International Inc.'s Productivity Solutions and Services…
BRCBrady Corp
Brady Corporation completed its acquisition of Honeywell International Inc.'s Productivity Solutions and Services business for a base purchase price of $1.4 billion in cash on August 3, 2026. The transaction was funded using approximately $800 million borrowed under existing credit facilities and an additional $800 million raised through the private placement of senior unsecured notes: $250 million of 5.43% Series A Notes due 2031, $300 million of 5.65% Series B Notes due 2033, and $250 million of 5.90% Series C Notes due 2036. The acquired business generated approximately $1.1 billion in sales in 2025 and is expected to contribute roughly $0.80 in incremental adjusted diluted earnings per share within the first year. Brady anticipates achieving at least $25 million in annual run-rate cost synergies within three years and expects net debt-to-EBITDA of approximately 2.5x post-closing. Brady Corporation operates as a global industrial technology company providing identification, safety, and productivity solutions.