Finishing Brands acquisition
10-K - Feb 19, 2013
On April 2, 2012, we completed the Finishing Brands acquisition, including Powder Finishing operations and Liquid Finishing operations. Results of the Powder Finishing business have been included i...
SE‑ClusterEnvironmental Services
Tear SheetSource: SEC EDGAR
Graco Inc.
GGGActiveCIK 42888 · Diversified Industrial Compounders
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, GGG filings, SEC EDGAR
$12,877
Market cap ($MM)
$12,210
Enterprise value ($MM)
$2,248
Revenue · LTM ($MM)
$716
EBITDA · LTM ($MM)
32%
EBITDA margin
5.4x
EV / revenue
17.1x
EV / EBITDA
-1.0x
Net debt / EBITDA
Coverage
Coverage view
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
- 01GGG is a scaled public consolidator in Industrial Compounders, a benchmark for how the sub-sector buys, pays, and trades.
- 02The relevant peer set is ROP, DHR, HEI, EMR, TDG, AME.
Balance sheet & capacity
Indicative capacity read: -1.0x net debt / EBITDA with EBITDA of $716MM.
$712
Cash & equiv. ($MM)
$2
Total debt ($MM)
($711)
Net debt ($MM)
-1.0x
Net debt / EBITDA
Valuation
Where it trades against its peer set
GGG versus the scaled public Diversified Industrial Compounders comparables.
Indexed share-price performance
GGG versus available Diversified Industrial Compounders peers and SPY.
+0.8%
GGG
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Graco Inc. | GGG | $2,248 | $716 | 32% | $12,877 | $12,210 | 5.4x | 17.1x | -1.0x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
A sustained, programmatic tuck-in cadence
GGG's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
37
Active years
14
Named deals
1
Avg / active year
2.6
Acq. cash outflow ($MM)
N/A
Banker read
- 01GGG reads as a programmatic acquirer: 37 disclosed acquisitions across 14 active years, or 2.6 per active year. The chart shows activity in 7 of the last 12 visible years.
- 02In the last three years, the file shows 4 acquisitions versus 0 in the prior three; recent activity is the visible baseline.
- 03Spend changes the read: $2.2B of disclosed spend is concentrated in lumpy years, with FY13 the largest year at $668MM. Recent spend is above the prior three-year period.
Annual acquisitions + disclosed spend
count spend named deal
GGG count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
4 / 0
Last three years sets the visible baseline vs prior three.
Peak count year
FY25
3 disclosed acquisitions in the peak visible year.
Recent spend
$402MM
is up 444% vs prior three; peak FY13 at $668MM.
Named evidence
1 rows
2.7% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Apr 2, 2012 | Finishing Brands acquisition | Diversified industrial compounders | $668 | On April 2, 2012, we completed the Finishing Brands acquisition, including Powder Finishing operations and Liquid Finishing operations. Results of the Powder Finishing business... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 2 SEC-backed facts across 1 cited filings.
Evidence
Source archive
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
22
Named deal filings
1
Recent SEC filings
0
Evidence clips
1
Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.22 rows+-
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Feb 17, 2026 | Annual M&A 10-K | quarantined (2 issue) | 3 | $135MM | $443MM | SEC filing |
| FY2024 | Feb 18, 2025 | Annual M&A 10-K | warning (1 warn) | 1 | $242MM | N/A | SEC filing |
| FY2023 | Feb 20, 2024 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2022 | Feb 21, 2023 | Annual M&A 10-K | warning (1 warn) | N/A | $25.3MM | N/A | SEC filing |
| FY2021 | Feb 22, 2022 | Annual M&A 10-K | warning (1 warn) | N/A | $19.4MM | N/A | SEC filing |
| FY2020 | Feb 16, 2021 | Annual M&A 10-K | warning (1 warn) | N/A | $27.6MM | N/A | SEC filing |
| FY2019 | Feb 18, 2020 | Annual M&A 10-K | warning (1 warn) | N/A | $27.0MM | N/A | SEC filing |
| FY2018 | Feb 19, 2019 | Annual M&A 10-K | warning (1 warn) | 2 | $11.0MM | N/A | SEC filing |
| FY2017 | Feb 20, 2018 | Annual M&A 10-K | warning (1 warn) | N/A | $28.0MM | N/A | SEC filing |
| FY2016 | Feb 21, 2017 | Annual M&A 10-K | warning (1 warn) | 2 | $48.0MM | N/A | SEC filing |
| FY2014 | Feb 17, 2015 | Annual M&A 10-K | warning (1 warn) | 3 | $65.0MM | N/A | SEC filing |
| FY2013 | Feb 18, 2014 | Annual M&A 10-K | warning (1 warn) | 2 | $668MM | N/A | SEC filing |
| FY2012 | Feb 19, 2013 | Annual M&A 10-K | warning (1 warn) | 1 | $668MM | N/A | SEC filing |
| FY2011 | Feb 21, 2012 | Annual M&A 10-K | accepted | 1 | N/A | N/A | SEC filing |
| FY2010 | Feb 22, 2011 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2009 | Feb 16, 2010 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2008 | Feb 17, 2009 | Annual M&A 10-K | warning (1 warn) | 3 | $55.0MM | N/A | SEC filing |
| FY2007 | Feb 19, 2008 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2006 | Feb 20, 2007 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2005 | Feb 27, 2006 | Annual M&A 10-K | warning (1 warn) | 3 | $111MM | N/A | SEC filing |
| FY2004 | Feb 28, 2005 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2003 | Mar 2, 2004 | Annual M&A 10-K | warning (1 warn) | 1 | $13.5MM | N/A | SEC filing |
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.1 rows+-
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Feb 19, 2013 | 10-K | Finishing Brands acquisition | Annual M&ANamed deals | SEC filing |
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+-
No filing source clears this category.
Evidence clipsShort excerpts used on the page; expand only when you want the language.1 rows+-
Medium
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.