Cleary Gottlieb is representing Goldman Sachs as financial advisor to Winnebago Industries (Winnebago) in its acquisition of Newmar Corp. (Newmar).
The consideration consists of cash and Winnebago stock, and is valued at approximately $344 million based on the closing price of Winnebago stock on September 13, 2019.
The transaction was announced on September 16, 2019, and is expected to close in Winnebago’s first quarter of fiscal 2020, subject to regulatory approvals and other customary closing conditions.
Winnebago is a leading outdoor lifestyle product manufacturer. Newmar is a leading manufacturer of Class A and Super C motorized recreation vehicles.
For more information, please see the full press release here.