DMC Global to Acquire 60% Controlling Interest in Arcadia Inc.
BROOMFIELD, Colo., Dec. 17, 2021 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM), a diversified holding company, has signed a definitive agreement to acquire a 60% controlling interest in privately held Arcadia Inc. for $282.5 million in cash and DMC stock. Arcadia is a leading U.S. supplier of architectural building products, which include exterior and interior framing systems for low and mid-rise commercial buildings, windows, curtain walls, interior partitions, and highly engineered windows and doors for the high-end residential real estate market.
- Houlihan Lokey acted as sole financial advisor to Arcadia and Proskauer Rose LLP acted as legal advisor to certain shareholders of Arcadia.
- Davis Graham & Stubbs LLP served as legal advisor to DMC Global.
- DMC Global operates a portfolio of innovative, asset-light businesses that provide differentiated products and services to their respective industries.
- The Companys current portfolio consists of DynaEnergetics, which serves the global energy industry, and NobelClad, which addresses the global industrial process and transportation sector.