$50 Million Investment From T. Rowe Price Strengthens Balance Sheet And Growth Strategy

Graham Corporation introduced it has secured a $50 million funding from accounts suggested by T. Rowe Price Investment Management, reinforcing its monetary place and supporting future progress initiatives.

Under the settlement, T. Rowe Price will purchase 599,808 shares, representing roughly 5 p.c of Graham’s frequent inventory, at $83.36 per share based mostly on the corporate’s 20-day common closing worth. The transaction is predicted to shut on April 16, 2026, topic to customary circumstances.

Graham plans to make use of the proceeds to strengthen its steadiness sheet via debt reimbursement whereas additionally funding each natural and inorganic progress alternatives. The funding is meant to reinforce the corporate’s monetary flexibility because it continues to increase throughout its core markets.

Graham operates as a worldwide supplier of mission-critical applied sciences throughout protection, power and course of industries, and area purposes, with capabilities spanning fluid programs, warmth switch, vacuum applied sciences, and superior mixing options.

The transaction brings a serious institutional investor onto Graham’s shareholder base, reflecting confidence within the firm’s market positioning and long-term technique.

KEY QUOTE:

“We are pleased to welcome T. Rowe Price as a long-term partner and shareholder. This investment underscores the strength of the Graham platform and our positioning across attractive, growing end markets. The proceeds from this stock sale enhance our financial flexibility and support our disciplined capital allocation strategy for us to continue to drive long-term shareholder value.”

Matthew J. Malone, President And Chief Executive Officer, Graham Corporation