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MSA SAFETY TO ACQUIRE INDUSTRIAL INTERNET OF THINGS SOLUTION PROVIDER SIERRA MONITOR CORPORATION - ControlTrends
– Transaction valued at approximately $33 million; about 1.5 times revenue on a trailing twelve-month basis– Expected EBITDA multiple of 7x on a next-twelve-month basis, driven primarily by elimination of Sierra Monitor public company costs– Expected to be accretive to earnings in 2019PITTSBURGH, March 29, 2019 /PRNewswire/ — Global safety equipment manufacturer MSA Safety Incorporated (NYSE: MSA) today announced […]
Ken Smyers