HF Sinclair (DINO) announced that its subsidiary has entered into a definitive agreement to acquire Industrial Oils Unlimited for a purchase price of $38M, inclusive of approximately $15M of working capital. Industrial Oils Unlimited is a leader in industrial lubricants and specialty fluids. The purchase price implies a 2027 expected EBITDA multiple of approximately 3.5x after synergies. The transaction is subject to customary closing conditions and is expected to close in Q1 2026.
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