Brady Acquires Honeywell's PSS Business for $1.4 Billion

Brady Corporation has completed its acquisition of Honeywell Technologies' Productivity Solutions and Services (PSS) business for $1.4 billion in an all-cash deal.

The transaction was funded with cash on hand, a senior unsecured credit facility, and private placement debt, while maintaining liquidity for ongoing operations and growth.

PSS generated approximately $1.1 billion in sales in 2025 and is expected to contribute around $0.80 of incremental Adjusted Diluted Earnings Per Share within the first year following the transaction close.

Brady expects the acquisition to be immediately accretive, support strong cash generation for deleveraging, and add approximately $25 million in annual run-rate cost synergies within three years.