Filing Flows › UFP Industries (UFPI) › Takeover & LBO
Is UFP Industries (UFPI) a takeover target?
A leveraged buyout at today's price plus 30% ($104.64 a share) would return a loss of about 8% a year to a private-equity buyer over 5 years; no price, however low, gets a buyer to 20%.
The buyout, step by step
| Entry | Amount | How |
|---|---|---|
| Offer price a share | $104.64 | today's $80.50 plus 30% |
| × shares | 52.9 million | |
| = Equity value | $5.5B | |
| + Debt refinanced | $230M | |
| − Cash | $725M | |
| + Other claims | $20.3M | preferred stock, minority interests |
| = Enterprise value | $5.1B | 10.8× EBITDA of $468M |
| Fees | $101M | 2% of the price |
| New debt | $2.6B | 5.5× EBITDA at 7.65% a year; the limit that binds: 5.5× EBITDA |
| Buyer's own money | $2.6B | 50% of the cost |
5 years under the buyer
| Year | Revenue | EBITDA | Interest | Free cash flow | Debt left |
|---|---|---|---|---|---|
| Year 1 | $6.4B | $465M | $197M | $56.8M | $2.5B |
| Year 2 | $6.4B | $466M | $193M | $59.0M | $2.5B |
| Year 3 | $6.4B | $471M | $188M | $58.7M | $2.4B |
| Year 4 | $6.6B | $481M | $184M | $60.2M | $2.3B |
| Year 5 | $6.8B | $496M | $179M | $63.5M | $2.3B |
The exit and the buyer's return
| Exit | Amount | |
|---|---|---|
| Exit multiple | 8.1× EBITDA | today's trading multiple, before any premium |
| Enterprise value at exit | $4.0B | |
| − Debt left | $2.3B | |
| = Buyer's equity | $1.7B | |
| Money multiple | 0.67× | on $2.6B put in |
| Buyer's yearly return (IRR) | −7.8% |
Price against return
What the buyer makes at other premiums over today's $80.50.
| Premium | Price a share | Buyer's IRR |
|---|---|---|
| 10% | $88.55 | 0.1% |
| 20% | $96.60 | −4.3% |
| 30% | $104.64 | −7.8% |
| 40% | $112.69 | −10.6% |
| 50% | $120.74 | −13.0% |
The figures used
| Figure | Amount | |
|---|---|---|
| Revenue, last 12 months | $6.4B | |
| EBITDA, last 12 months | $468M | 7.3% of revenue |
| Depreciation and amortization | $172M | |
| Capital spending | $187M | |
| Debt | $230M | |
| Cash | $725M | |
| Share price | $80.50 | on Nov 6, 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 -0.7% 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 27% 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 on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, UFP Industries would cost about $106.66 a share, $5.6B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 20% | $96.60 | $5.1B |
| Median | 32.5% | $106.66 | $5.6B |
| High end (a quarter paid more) | 51.8% | $122.19 | $6.5B |
UFP Industries' latest quarter
UFP Industries, Q3 2026: revenue $1.7B (+11% year over year), operating margin 4.0%, net earnings $58.6M, operating cash flow $174M. The chart follows the revenue to costs, profit and cash.
Questions
Is UFP Industries being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy UFP Industries?
A leveraged buyout at today's price plus 30% ($104.64 a share) would return a loss of about 8% a year to a private-equity buyer over 5 years; no price, however low, gets a buyer to 20%.
What would a takeover of UFP Industries cost?
Takeovers on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, UFP Industries would cost about $106.66 a share, $5.6B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.