Filing Flows › Standex International (SXI) › Takeover & LBO
Is Standex International (SXI) a takeover target?
A leveraged buyout at today's price plus 30% ($365.25 a share) would return about 4% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $218.07 a share (−22% against today's $280.96).
The buyout, step by step
| Entry | Amount | How |
|---|---|---|
| Offer price a share | $365.25 | today's $280.96 plus 30% |
| × shares | 12.1 million | |
| = Equity value | $4.4B | |
| + Debt refinanced | $518M | |
| − Cash | $179M | |
| = Enterprise value | $4.8B | 19.7× EBITDA of $243M |
| Fees | $95.5M | 2% of the price |
| New debt | $1.3B | 5.5× EBITDA at 7.65% a year; the limit that binds: 5.5× EBITDA |
| Buyer's own money | $3.5B | 73% of the cost |
5 years under the buyer
| Year | Revenue | EBITDA | Interest | Free cash flow | Debt left |
|---|---|---|---|---|---|
| Year 1 | $979M | $262M | $102M | $101M | $1.2B |
| Year 2 | $1.0B | $280M | $94.5M | $120M | $1.1B |
| Year 3 | $1.1B | $296M | $85.3M | $140M | $976M |
| Year 4 | $1.1B | $308M | $74.7M | $158M | $818M |
| Year 5 | $1.2B | $317M | $62.6M | $176M | $642M |
The exit and the buyer's return
| Exit | Amount | |
|---|---|---|
| Exit multiple | 15.4× EBITDA | today's trading multiple, before any premium |
| Enterprise value at exit | $4.9B | |
| − Debt left | $642M | |
| = Buyer's equity | $4.3B | |
| Money multiple | 1.20× | on $3.5B put in |
| Buyer's yearly return (IRR) | 3.8% |
Price against return
What the buyer makes at other premiums over today's $280.96; the IRR reaches 20% at $218.07 a share.
| Premium | Price a share | Buyer's IRR |
|---|---|---|
| 10% | $309.06 | 8.4% |
| 20% | $337.15 | 6.0% |
| 30% | $365.25 | 3.8% |
| 40% | $393.34 | 1.9% |
| 50% | $421.44 | 0.1% |
The figures used
| Figure | Amount | |
|---|---|---|
| Revenue, last 12 months | $907M | |
| EBITDA, last 12 months | $243M | 26.8% of revenue |
| Depreciation and amortization | $38.7M | |
| Capital spending | $25.2M | |
| Debt | $518M | |
| Cash | $179M | |
| Share price | $280.96 | on Oct 12, 2026 |
Fixed rules, the same as the interactive view's starting point: the shares are bought at today's price plus 30%, the company's debt is refinanced and fees take 2%. New debt is the least of 5.5× EBITDA, 65% of the price and the amount whose interest EBITDA covers 2 times, at 7.65% a year (SOFR 3.89% plus the high-yield B spread 3.26% plus 0.5%, rates of Oct 15, 2026). Revenue grows 8.0% in the first year — the company's own rate, held between −3% and +8% — fading to 3% by year 5; the EBITDA margin, depreciation and capital spending stay at today's share of revenue; working capital takes 10% of each year's added revenue; tax is 21% of profit after interest. Every dollar of free cash flow repays debt. After 5 years the buyer sells at today's multiple of EBITDA.
What a takeover could cost
Takeovers in its sector paid a median premium of 40% over the share price before the deal (the middle half 14.7% to 60.2%), according to the 20 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Standex International would cost about $393.34 a share, $4.8B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 14.7% | $322.26 | $3.9B |
| Median | 40% | $393.34 | $4.8B |
| High end (a quarter paid more) | 60.2% | $450.10 | $5.5B |
Standex International's latest quarter
Standex International, Q1 FY27: revenue $233M (+7% year over year), operating margin 17.4%, net earnings $24.2M, operating cash flow $15.6M. The chart follows the revenue to costs, profit and cash.
Questions
Is Standex International being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy Standex International?
A leveraged buyout at today's price plus 30% ($365.25 a share) would return about 4% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $218.07 a share (−22% against today's $280.96).
What would a takeover of Standex International cost?
Takeovers in its sector paid a median premium of 40% over the share price before the deal (the middle half 14.7% to 60.2%), according to the 20 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Standex International would cost about $393.34 a share, $4.8B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.