Modine Manufacturing Company (MOD) M&A presentation summary

Deal rationale and strategic fit

• Expands presence in adjacent markets with mission-critical thermal needs, leveraging core competencies.

• Secures next-generation desiccant-based dehumidification and air handling technology.

• Enhances integrated, high-performance commercial IAQ systems portfolio.

• Accesses high-growth markets such as ice arenas, food processing, and battery cell manufacturing.

Financial terms and conditions

• Purchase price of approximately $65 million.

• Transaction multiple below 10x EV/FWD EBITDA.

• Accretive to earnings per share before synergies.

• Cash deal with estimated pro forma net leverage of ~1.1x.

• Maintains strong balance sheet and liquidity position.

Synergies and expected cost savings

• Expected to grow the commercial IAQ portfolio to over $100 million in revenue on a pro forma basis.

• Anticipated benefits from integrating complementary technologies and expanding systems solutions.