Mergers & Acquisitions ·
Kewaunee Scientific agrees to acquire Nycom in $55M deal funded by cash, debt, stock
KEQUKewaunee Scientific Corp
Kewaunee Scientific Corporation entered into a definitive agreement to acquire Nycom, Inc., the largest laboratory dealer in the USA, for an aggregate purchase price of $55 million. The transaction will be settled with $30 million in cash (funded by existing cash and PNC Bank debt), a $20 million subordinated seller note, and $5 million in newly issued common stock subject to a 12-month lock-up. Jon Nystrom will join the board, and Jonathan Nystrom will become Executive Vice President. The deal is expected to close in the fourth quarter of fiscal 2027. Kewaunee Scientific designs, manufactures, and installs laboratory, healthcare, and technical furniture products.