CUI Global (CUI) Tops Q4 EPS by 1c, Revenues Miss

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CUI Global (CUI) Reports Acquisition of Reach Construction Group

March 26, 2020 8:01 AM EDT

CUI Global, Inc. (NASDAQ: CUI) announced today that on March 24, 2020, it entered into a definitive agreement to acquire Reach Construction Group, LLC, an industry-leading solar construction company. The transaction will consist of third-party debt and company equity valued at approximately $37.0 million (excluding working capital and certain other adjustments upon closing). The acquisition is expected to close within the next 20 days, subject to customary closing conditions.

Headquartered in Apex, NC, Reach Construction Group ("Reach") is an engineering, procurement and construction ("EPC") company with expertise in the renewable energy industry. Reach has contractual backlog for 2020... More