Azz inc. announces definitive agreement by avail infrastructure solutions to divest electrical products business

Fort worth, texas , march 10, 2025 /prnewswire/ -- azz inc. ("azz" or the "company") (nyse: azz) announced today that avail infrastructure solutions ("avail" or "ais") has entered into a definitive agreement to sell the electrical enclosures, switchgear, and bus systems businesses (the "electrical products group") of avail to nvent electric plc (nyse: nvt) ("nvent"), for a purchase price of $975 million, subject to customary adjustments. the effective enterprise value multiple is approximately 12.5 times the anticipated electrical products group trailing twelve-month ebitda.
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