NCI Building enters into unit puchase agreement with Environmental Materials.

NCI Building has entered into a Unit Purchase Agreement with Environmental Materials, or Environmental Stoneworks, and certain of its affiliates to purchase 100% of the outstanding limited liability company interests of Environmental Stoneworks. NCI will pay $186M for the interests and plans to finance the transaction through a combination of cash on hand and borrowings under its existing revolving credit facilities. During FY17, Environmental Stoneworks generated $160M in revenues. Based upon 2018E Adjusted EBITDA and giving effect to anticipated cost synergies, the transaction is expected to result in a purchase price multiple of 5.5x, with a minimal impact on NCI's leverage ratio. The transaction is expected to close during Q1.