NYSE listed Crane Company has acquired Vian Enterprises for approximately $103 million on a cash-free and debt-free basis.

Vian Enterprises is a global designer and manufacturer of multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications with sole-sourced and proprietary content on the highest volume commercial and military aircraft platforms.

Crane financed the acquisition primarily with proceeds from its revolving credit facility.

Crane’s President and CEO, Max Mitchell, said that Vian is highly complementary to their Fluid Solution within the Aerospace & Electronics segment, significantly expanding their portfolio of mission-critical aerospace flow control products.
Vian has strong positions on the most attractive commercial and military aircraft platforms today, and combined with Crane’s existing fluid and thermal management capabilities, further strengthens their positioning for future content opportunities on engines, gearboxes, and auxiliary power units.

Vian’s margins are expected to be accretive to the Aerospace & Electronics’ segment EBITDA margins immediately, with a long-term sales growth rate in line with the segment’s previously disclosed 7% to 9% long-term CAGR.

Vian, along with the other acquisitions that they continue to pursue, meets their clearly defined strict financial and strategic acquisition criteria.