EnPro announced the completion of its acquisition of AlpHa Measurement Solutions on November 17, 2025, adding a leading liquid‑analytical sensing platform to its portfolio. The transaction was financed with available cash and a portion of EnPro’s $800 million revolving credit facility, and it follows the earlier October 8 closing of the combined AlpHa and Overlook Industries deals, which together were valued at roughly $280 million in cash.
The acquisition extends EnPro’s compositional‑analysis capabilities, a core element of its Enpro 3.0 strategy to accelerate profitable growth in high‑value industrial technology markets. By integrating AlpHa’s liquid‑sensing technologies, EnPro can now offer a more complete suite of instrumentation across its Sealing Technologies segment, which already drives strong margins and revenue growth.
EnPro’s Q3 2025 earnings, released shortly before the acquisition announcement, showed revenue of $286.6 million—up 9.9% year‑over‑year—and adjusted diluted EPS of $1.99, beating consensus estimates by $0.20 (about 11%). The beat was largely driven by disciplined cost management and a favorable product mix, with the Sealing Technologies segment reporting sales of $178.2 million and an adjusted EBITDA margin of 32.2%. The slight contraction in overall adjusted EBITDA margin to 24.2% from 24.6% in Q3 2024 was attributed to inflationary pressures and a shift in product mix toward lower‑margin offerings.
Management highlighted that the AlpHa acquisition is expected to contribute over $60 million in annualized revenue and $17–$18 million in adjusted segment EBITDA, making the combined deal accretive to EnPro’s profitability. The company raised its full‑year 2025 guidance to a revenue range of $7–8% growth and adjusted diluted EPS of $7.75 to $8.05, reflecting confidence in the continued integration of the new assets and the momentum in its core segments.
The acquisition aligns with EnPro’s broader strategy of building high‑margin, high‑growth capabilities while maintaining a conservative leverage profile. With the transaction, EnPro’s net leverage ratio is projected to remain around 2× trailing‑12‑month adjusted EBITDA, underscoring the company’s focus on disciplined capital allocation and sustainable growth.
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