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  6. Kewaunee Acquires Nu Aire

M&A Deal Summary

Kewaunee Acquires Nu Aire

On November 1, 2024, Kewaunee acquired machinery company Nu Aire for 55M USD

Acquisition Highlights
  • This is Kewaunee’s 1st transaction in the Machinery sector.
  • This is Kewaunee’s largest (disclosed) transaction.
  • This is Kewaunee’s 1st transaction in the United States.
  • This is Kewaunee’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-11-01
Target Nu Aire
Sector Machinery
Buyer(s) Kewaunee
Deal Type Add-on Acquisition
Deal Value 55M USD

Target

Nu Aire

Plymouth, Minnesota, United States
Nu Aire is a manufacturer of equipment for a diverse range of laboratory and pharmacy environments. Nu Aire was founded in 1971 and is based in Plymouth, Minnesota.

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Buyer(S) 1

Buyer

Kewaunee

Statesville, North Carolina, United States
Category Company
Founded 1906
Sector Manufacturing
Employees1,006
Revenue 240M USD (2025)
DESCRIPTION

Kewaunee designs, manufactures, and installs of laboratory, healthcare, and technical furniture products. The Company's products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks. Kewaunee was founded in 1906 and is headquartered in Statesville, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
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