Standex International (NYSE: SXI) announced it has divested Federal Industries, its display merchandising business within the Specialty Solutions segment, to AeriTek Global Holdings LLC, a portfolio company of private equity firm Mill Point Capital, in a transaction valued at approximately $70 million. Federal Industries generated about $35.7 million in net revenue in fiscal year 2025, and Standex said it plans to use the proceeds from the sale in accordance with its capital allocation strategy, including organic growth initiatives, acquisitions and debt repayment. Roth Capital Partners LLC and Foley Hoag LLP served as exclusive financial and legal advisors to Standex, respectively.
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About Standex
Standex International Corporation is a multi-industry manufacturer in five broad business segments: Electronics, Engineering Technologies, Scientific, Engraving, and Specialty Solutions with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China.
For additional information, visit the Company’s website at http://standex.com/
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