Standex International Divests Its Display Merchandising Operation To AeriTek Global For ~$70M
Benzinga·03/09/2026 11:39:23
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Standex International Corporation (NYSE:SXI) announced today that it has divested Federal Industries, its display merchandising business, to AeriTek Global Holdings LLC ("Aeritek"), a portfolio company of Mill Point Capital - a leading private equity firm, at an enterprise value of approximately $70 million. The Federal Industries business was previously part of the Specialty Solutions segment. In fiscal year 2025, Federal Industries' net revenues were approximately $35.7 million.
Standex intends to use the proceeds from the sale in accordance with its current capital allocation framework, comprised of organic growth opportunities, inorganic initiatives, and debt repayment.
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