Business News • MarketWire • Signature Group Holdings, Inc. Acquires North American Breaker Co. |
Signature Group Holdings, Inc. Acquires North American Breaker Co. |
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Signature Group Holdings, Inc. Acquires North American Breaker Co.
SHERMAN OAKS, CA--(Marketwire - Aug 1, 2011) - Signature Group Holdings, Inc. ("Signature") (PINKSHEETS: SGGH) today announced it acquired North American Breaker Co., Inc. ("NABCO"), a leading circuit breaker distributor targeting the replacement market, on July 29, 2011. The acquisition of NABCO marks Signature's first material strategic acquisition since emerging from bankruptcy in June 2010. The purchase price was approximately $30.5 million plus a potential earn-out payment of up to $4 million based on NABCO's post closing financial performance.
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