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Blackford Capital to acquire Moro Corp for $34.2M in cash, pending closing.
Blackford Capital has agreed to acquire Moro Corporation in an all-cash deal worth $34.2 million, or $5.59 per share, with $3.3 million held in escrow.
The transaction, approved by both companies’ boards and Moro’s shareholders, is pending closing conditions and is expected to conclude soon, after which Moro’s OTC shares will be delisted.
Blackford, a Grand Rapids-based private equity firm, sees the acquisition as its 20th platform investment and 52nd overall deal, adding Moro’s Northeast U.S. construction services—HVAC, electrical, structural steel, and ductwork—to its portfolio.
The deal was advised by McGuireWoods LLP for Blackford and Harter Secrest & Emery LLP and Paramax Corporation for Moro.
Forward-looking statements include expectations about closing, subject to regulatory and other risks.
Blackford Capital adquiere Moro Corp por $34.2 millones en efectivo, en espera de cierre.