Graham Corporation Acquires Barber-Nichols Inc. for $70 million

BATAVIA, NY, June 1, 2021 - Graham Corporation (NYSE: GHM) ("Graham" or the "Company"), a global business that designs, manufactures and sells critical equipment to the oil refining, petrochemical and defense industries, today announced that it has completed the acquisition of management-owned Barber-Nichols Inc. ("BNI") for $70.1 million in a combination of 87% cash and 13% stock.  The Company also announced it has entered into new credit facilities including a 5-year term loan to finance a portion of the purchase price.

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