Since 2009, Worthington has deployed approximately $1.1 billion on over 20 acquisitions.
RECENT ACQUISITIONS
NEW PLATFORM CRITERIA:
- Exposure to attractive mega trends/macro growth drivers
- Highly-engineered or technology-enabled products and services in diverse markets
- EBITDA Margins > 10%
- Demonstrable competitive advantage
- Headquartered in North America
- Enterprise value between $50 million and $500 million
- Steel Processing: High value-added steel processing, automotive lightweighting technologies
- Consumer Products: Market leading brands sold primarily through big-box retailers focused on tools, outdoor living and celebrations
- Building Solutions: Commercial and residential building products primarily sold through distributors
- Sustainable Energy Solutions: Turnkey solutions in the growing Hydrogen ecosystem and adjacent sustainable energies like compressed natural gas
M&A APPROACH AND PROCESS:
- Assess opportunities quickly but thoughtfully
- Strong balance sheet and profitability provide ample liquidity for new acquisitions