Karman Holdings Inc. announced the completion of its acquisition of Walker Precision Engineering for approximately $95 million in cash. To fund the transaction, the company amended its credit agreement to increase its term loans by $100 million. This acquisition accelerates the company's international expansion by providing a significant European footprint.
Key Details
- Acquisition Details: The acquisition of Walker Precision Engineering was completed on August 28, 2026, for a cash price of approximately $95 million (£70 million).
- Financing: On August 26, 2026, Karman entered into a Sixth Amendment to its Credit Agreement, increasing the principal amount of its term loans by $100 million, bringing the total to $863.96 million.
- Strategic Rationale: The acquisition adds advanced products for missile guidance and control systems, establishing a European presence to complement Karman's 17 U.S. locations and serve an expanded global customer base.