Apogee to Acquire Kalwall for up to $115M; Expects $85M Revenue

Apogee Enterprises, Inc. has entered into a definitive agreement to acquire Kalwall Companies from the Keller family for up to $115 million. The transaction includes an initial cash payment of $105 million at closing and a potential earn-out of up to $10 million based on financial performance. This acquisition is expected to strengthen Apogee's Architectural Glass segment, contribute $85 million in revenue within the first year, and generate $4 million in operational cost synergies by fiscal 2029. The deal is anticipated to be accretive to Apogee's adjusted diluted EPS in the first year and is expected to close in the company's fiscal 2027 second quarter.