Kewaunee Scientific Announces Agreement to Acquire Nycom, Inc.
Key Highlights
- ➤Kewaunee Scientific (KEQU) agrees to acquire Nycom for $55 million initial base price
- ➤$20 million payable through a subordinated promissory note, adjusted for Nycom EBITDA
- ➤$5 million payable in newly issued Kewaunee common shares
- ➤Remaining cash funded through cash on hand and expected PNC Bank financing
- ➤Transaction expected to close in fourth quarter of fiscal 2027
Expert Statements
Thomas D. Hull III, President and Chief Executive Officer of Kewaunee Scientific Corporation
“Nycom is an exceptional business, and we know firsthand the quality of their team and the work they deliver”
Thomas D. Hull III, President and Chief Executive Officer of Kewaunee Scientific Corporation
“We believe there is no better company in our industry at what they do. Bringing Nycom directly under the Kewaunee umbrella will broaden what we can offer our customers and provide a strong foundation for building a larger North American business.”
Jonathan Nystrom, President of Nycom
“We have built Nycom around robust and scalable business processes that allow us to provide excellent service to our customers while maintaining a healthy and sustainable working environment for our employees”
Jonathan Nystrom, President of Nycom
“Our relationship with Kewaunee has been an important part of that work for many years. We see this as a tremendous opportunity to build on what our team has accomplished, bring additional resources to our business, and create synergies that expand and improve our ability to deliver successful projects with the highest quality products. There is no better manufacturing partner than Kewaunee, and we are proud to join its portfolio of businesses.”
Thomas D. Hull III, President and Chief Executive Officer of Kewaunee Scientific Corporation
“We have tremendous respect for the businesses and people who have helped build this industry.”
Thomas D. Hull III, President and Chief Executive Officer of Kewaunee Scientific Corporation
“Our goal is to bring strong businesses into Kewaunee and give them the resources to become even better, while preserving the relationships and expertise that made them successful. We will be thoughtful in our approach and grow at a pace that allows us to deliver lasting value for our shareholders.”
Kewaunee Scientific Announces Agreement to Acquire Nycom, Inc. PR Newswire
STATESVILLE, N.C., Nov. 2, 2026 /PRNewswire/ -- Kewaunee Scientific Corporation (NASDAQ: KEQU) today announced that it has entered into a definitive agreement to acquire Nycom, Inc. ("Nycom"), the largest lab dealer in the USA. The proposed acquisition represents an important step in Kewaunee's long-term growth strategy, bringing Nycom's expertise in laboratory design and project delivery closer together with Kewaunee's manufacturing capabilities to provide more fully integrated laboratory solutions. The Company intends to leverage Nycom's scalable world-class operating platform to support organic growth and pursue selective acquisition opportunities across North America.
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