Griffon closes AMES Australasia joint venture, receives $181M cash

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Go back to Griffon closes AMES Australasia joint venture, receives $181M cash

Griffon Corporation Announces Closing of AMES Australasia Transaction

August 3, 2026 8:00 AM EDT

NEW YORK--(BUSINESS WIRE)-- Griffon Corporation (NYSE: GFF) (the Company or Griffon) today announced the closing of the joint venture between Griffons AMES Australasia business and an investment group led by the management of AMES Australasia with support from Australian financial investors.

Griffon received $181 million in cash, a $49 million paid-in-kind (PIK) note receivable from the joint venture, and a 49% equity interest.

Goldman Sachs & Co. LLC acted as financial advisor to Griffon and provided committed debt financing for the joint venture. Houlihan Lokey Capital, Inc. acted as financial advisor to Griffons... More