Lakeland fire + safety completes acquisition of veridian

Strategic acquisition expands lakeland's global fire services portfolio with veridian's leading firefighter protective apparel offering additional annual revenue of approximately $21 million further builds upon lakeland's 245% third quarter year-over-year growth in fire services products huntsville, al / accesswire / december 16, 2024 / lakeland fire + safety (nasdaq:lake), a leading global manufacturer of protective clothing for industry, healthcare, and first responders, announced today the successful completion of its acquisition of u.s.-based veridian in an all-cash transaction valued at approximately $25 million subject to post-closing adjustments and customary holdback provisions. the acquisition was financed under lakeland's revolving credit facility with bank of america.
LAKE Ratings Summary
LAKE Quant Ranking