Flow Int'l To Be Acquired By American Ind. For Over $200 Mln. - Quick Fact

(RTTNews) - Flow International Corp. (FLOW), a maker of industrial waterjet machines, Wednesday agreed to be acquired by American Industrial Partners in a deal valued over $200 million. American Industrial is a middle-market private equity firm focused on North American-headquartered industrial businesses.

As per the terms, American Industrial will acquire all of the outstanding shares of Flow common stock for $4.05 per share in cash. This value represents an 11.3 times multiple of trailing four quarter reported EBITDA, which was $17.8 million as of July 31.

The Flow Board has unanimously approved deal, which is expected to close in early 2014.

UBS Investment Bank is serving as Flow's financial advisor and K&L Gates LLP is serving as legal counsel.