CUI Global signs agreement to acquire Reach Construction Group

CUI Global, Inc. has entered into a definitive agreement to acquire Reach Construction Group, LLC, an industry-leading solar construction company. The transaction will consist of third-party debt and company equity valued at approximately US$37 million (excluding working capital and certain other adjustments upon closing). The acquisition is expected to close within the next 20 days, subject to customary closing conditions.

Headquartered in Apex, North Carolina, Reach Construction Group is an engineering, procurement, and construction (EPC) company with expertise in the renewable energy industry.

The acquisition is expected to be immediately accretive to CUI Global's consolidated results.