With this acquisition, MSA said it strengthens its position as a leader in the North American market for firefighter personal protective equipment (PPE), while expanding its core product portfolio in a key customer segment. Transaction is valued at $215 million, or approximately two times revenue and 9 times EBITDA on trailing 12-month basis.
Based in Pittsfield, NH, Globe is a leading innovator and provider of firefighter protective clothing and boots, with annual revenue of approximately $110 million and 420 employees at four U.S. locations.