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Batavia manufacturer expands technology portfolio with acquisition
Batavia manufacturer expands technology portfolio with acquisition
Listen to this articleBatavia-based Graham Corp. has acquired FlackTek Manufacturing, LLC and FlackTek Sales, LLC for $35 million, adding advanced materials processing as a third core technology platform alongside its vacuum and heat transfer and turbomachinery businesses.
The acquisition strengthens Graham’s position in defense, aerospace and industrial markets while expanding its capabilities across the full materials processing value chain, according to company leaders.
The transaction was structured as 85% cash and 15% stock, using 75,818 shares of Graham common stock, and includes up to $25 million in potential performance-based earnouts over four years beginning in fiscal 2027.
FlackTek, a pioneer in advanced mixing and material processing solutions, will operate as a wholly owned subsidiary of Graham. The company will maintain its headquarters in Louisville, Colo., with a satellite location in Greenville, S.C., while integrating into Graham’s financial, compliance and operational infrastructure. FlackTek CEO Matt Gross will continue to lead the business.
FlackTek’s technology supports upstream, midstream, and downstream applications, creating opportunities to serve customers from raw material processing through final assembly.
Graham President and CEO Matthew Malone said the acquisition aligns with the company’s long-term strategy to build mission-critical platforms rooted in core engineering principles.
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