TerraVest Industries has agreed to acquire KBK Industries for $90 million in cash, with a working capital adjustment expected about 90 days after closing. The deal was struck with seller Main Street, marking a strategic expansion for TerraVest in its industrial portfolio.

This transaction underscores TerraVest's ongoing strategy of acquiring niche industrial businesses to bolster its revenue base. KBK's operations likely complement TerraVest's existing segments, potentially adding manufacturing or distribution capabilities. For Main Street, the sale represents a liquidity event, returning capital to its investors from a previous investment in KBK.

The acquisition's final price will hinge on KBK's net working capital at closing, a standard mechanism to ensure the buyer receives a business in the agreed financial condition. Investors will watch for integration updates and how KBK's earnings contribute to TerraVest's next quarterly report.