M&A: CRAWFORD UNITED Corp

Form Type: 8-K

Filing Date: 2025-01-07

Corporate Action: Acquisition

Type: New

Accession Number: 000143774925000566

Comments: On January 2, 2025, Crawford AE LLC, a wholly-owned subsidiary of Crawford United Corporation, completed the acquisition of all issued and outstanding shares of Rahn Industries, Incorporated, for approximately $13 million in cash, subject to post-closing adjustments. A portion of the purchase price, $1 million, was placed in escrow for 12 months to cover potential deficiencies in working capital and to secure indemnification obligations. The acquisition included customary indemnification obligations and post-closing covenants, such as cooperation on tax matters and financial statement preparation. Additionally, a consulting agreement was established for transitional services from the seller, which includes non-disclosure, non-competition, and non-solicitation clauses for one year. A press release regarding the transaction was issued on January 7, 2025, and the Equity Purchase Agreement is included as an exhibit.

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