Graco acquired GeoBlaster Equipment Sales & Services Inc. for part of combined ~$185 million for four businesses, a transaction completed in December 2014, structured as all cash. The deal was a Asset purchase.
GeoBlaster Equipment Sales & Services Inc. operates in Industrial, is based in Dunnville, Ontario, Canada, had revenue of about NULL (part of ~$50M aggregate sales / ~$17M EBITDA across the four businesses). Based in Dunnville, Ontario, GeoBlaster manufactures wet abrasive blasting equipment for coating removal and surface preparation. The acquisition augments Graco's existing protective coating channel. Graco acquired the assets of GeoBlaster in December 2014.
The acquisitions we are announcing today support our strategic growth plans to expand into new markets and geographies, while diversifying our portfolio of precision products for critical applications.
Augments Graco's existing protective coating channel with surface-preparation equipment. Graco Industrial Products Segment (protective coating channel)
The acquisitions we are announcing today support our strategic growth plans to expand into new markets and geographies, while diversifying our portfolio of precision products for critical applications.Patrick J. McHale, President and CEO, Graco Inc.
Advisory firms were not disclosed for this transaction.