Kewaunee Scientific Acquires NuAire for $55 Million

November 1, 2024

Kewaunee Scientific Corporation (NASDAQ: KEQU) completed the acquisition of Minneapolis-based NuAire for $55 million, expanding Kewaunee’s product portfolio and distribution footprint in laboratory and pharmacy equipment. The deal preserves NuAire’s leadership in biological safety cabinets and related airflow and cold-storage products, with Bill Peters remaining as NuAire President; financing was provided by PNC Bank and Carl Marks Securities served as financial advisor.

Buyers
Kewaunee Scientific Corporation
Targets
NuAire
Sellers
Peters family
Industry
Manufacturing
Location
Minnesota, United States
Transaction Type
Buyout

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