On the Record · Worthington Enterprises
Worthington Enterprises acquisitions, on the record
The businesses Worthington Enterprises bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
former sustainable energy solutions operating segment in Europe (Hexagon joint venture)Word for word“Pursuant to the transaction, Hexagon acquired a 49% stake in the joint venture for approximately $11,518, after adjusting for closing cash and preliminary net working capital, with an additional 2% sold to members of the existing management team for an additional $468.” 10-K for 2024 | agreed divestiture | — | approximately $11,518 |
Halo, an affiliate of HPGWord for word“On February 1, 2024, we acquired an 80% ownership stake in Halo, an affiliate of HPG, an asset-light business with technology-enabled solutions in the outdoor cooking space.” 10-K for 2024 | acquisition | On February 1, 2024 | — |
Level5 businessWord for word“Net cash used by investing activities in fiscal 2023 resulted from the purchase of the Level5 business on June 2, 2022, for $56.1 million, net of cash acquired, and capital expenditures of $86.4 million, partially offset by combined cash proceeds of $71.3 million from the sale of our 50% noncontrolling equity investment in ArtiFlex, and the sale of our former WSP Jackson, Michigan facility and other long-lived assets.” 10-K for 2024 | acquisition | June 2, 2022 | $56.1 million |
RagascoWord for word“Net cash used by investing activities in fiscal 2024 resulted primarily from capital expenditures of $83.5 million, investment in notes receivable of $14.9 million, a deposit of $11.4 million for the June 3, 2024 acquisition of Ragasco, and the acquisitions of Halo and Voestalpine for net cash consideration of $9.6 million and $21.0 million, respectively.” 10-K for 2024 | agreed acquisition | June 3, 2024 | — |
ArtiFlex noncontrolling equity investmentWord for word“lower contributions of equity income from ArtiFlex prior to its divestiture on August 3, 2022 were partially offset by improved results in our former Sustainable Energy Solutions business, up $6.9 million over fiscal 2022.” 10-K for 2024 | divestiture | August 3, 2022 | — |
Brazilian operations of WorkhorseWord for word“A net gain of $2,780 associated with the divestiture of the Brazilian operations during the second quarter of fiscal 2024.” 10-K for 2024 | divestiture | during the second quarter of fiscal 2024 | A net gain of $2,780 |
Shiloh Industries’ U.S. BlankLight businessWord for word“Net cash used by investing activities in fiscal 2022 resulted primarily from cash used to acquire certain assets of the Shiloh Industries’ U.S. BlankLight ® business on June 8, 2021, for $104.5 million and Tempel Steel Company on December 1, 2021 for $272.2 million, and capital expenditures of $94.6 million.” 10-K for 2024 | acquisition | June 8, 2021 | $104.5 million |
Tempel Steel CompanyWord for word“Net cash used by investing activities in fiscal 2022 resulted primarily from cash used to acquire certain assets of the Shiloh Industries’ U.S. BlankLight ® business on June 8, 2021, for $104.5 million and Tempel Steel Company on December 1, 2021 for $272.2 million, and capital expenditures of $94.6 million.” 10-K for 2024 | acquisition | December 1, 2021 | $272.2 million |
ElgenWord for word“Elgen Acquisition : On June 18, 2025, we acquired Elgen, a leading provider of HVAC components, ductwork, and structural framing used primarily in commercial building applications across North America.” 10-K for 2025 | acquisition | On June 18, 2025, we acquired Elgen | — |
Sustainable Energy Solutions operating segment in Europe (51% of nominal share capital, joint venture with Hexagon)Word for word“On May 29, 2024, we became a noncontrolling equity partner in an unconsolidated joint venture with Hexagon, a leading global manufacturer of Type 4 composite cylinders used for storing gas under high-pressure, by selling 51 % of the nominal share capital of our former Sustainable Energy Solutions operating segment in Europe for cash consideration of $ 11,986 .” 10-K for 2025 | divestiture | On May 29, 2024 | cash consideration of $ 11,986 |
Halo (80% ownership stake)Word for word“Halo Acquisition : On February 1, 2024, we acquired an 80% ownership stake in Halo, an affiliate of HPG, an asset-light business with technology-enabled solutions in the outdoor cooking space.” 10-K for 2025 | acquisition | On February 1, 2024, we acquired an 80% ownership stake in Halo | — |
50% noncontrolling equity investment in ArtiFlexWord for word“A pre-tax loss of $16,059 related to the sale of our 50% noncontrolling equity investment in ArtiFlex during fiscal 2023.” 10-K for 2025 | divestiture | during fiscal 2023 | pre-tax loss of $16,059 |
LSIWord for word“On January 16, 2026, we acquired LSI, one of the largest U.S. manufacturers of standing-seam metal roof clips and retrofit components in the commercial roof market.” 10-K for 2026 | acquisition | On January 16, 2026 | — |
Hydrostat's propane distribution and refurbishment assetsWord for word“On December 3, 2025, we acquired Hydrostat’s propane distribution and refurbishment assets.” 10-K for 2026 | acquisition | On December 3, 2025 | — |
49% interest in the composite business of the SES joint ventureWord for word“On October 16, 2025, we divested our 49% interest in the composite business of our SES joint venture.” 10-K for 2026 | divestiture | On October 16, 2025 | — |
HaloWord for word“We own an 80 % controlling interest in Halo, which we acquired on February 1, 2024.” 10-K for 2026 | acquisition | February 1, 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2017-05-31 | — | $854,000 |
| 2018-05-31 | $285 million | $777,000 |
| 2019-05-31 | $10.4 million | $11.7 million |
| 2020-05-31 | $30.7 million | — |
| 2021-05-31 | $129.6 million | $37.9 million |
| 2022-05-31 | $376.7 million | $60.5 million |
| 2023-05-31 | $56.1 million | — |
| 2024-05-31 | $42 million | — |
| 2025-05-31 | $95 million | — |
| 2026-05-31 | $304.1 million | — |
Deal filings since 2016
- 2026-08-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-01-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-05-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-11-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-09-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-05-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-08-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-08-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-02-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from Worthington Enterprises’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-07-30. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.