TTM agrees to buy Epiq Solutions for $1.1 billion in cash
TTM Technologies agreed on August 15, 2026 to buy all membership interests of Epiq Solutions from EDS TopCo, LP for $1.1 billion in cash, subject to customary adjustments. The company plans to fund the price with $300 million of incremental term loan A and $800 million of incremental term loan B debt, and it expects the deal to be accretive to adjusted EBITDA margin and non-GAAP diluted EPS during 2028, with total net leverage of 2.3x at closing.
Key points
- Purchase price of $1.1 billion in cash, subject to customary working capital and other adjustments
- Financing commitments of $300 million (term loan A) and $800 million (seven-year term loan B) from JPMorgan, Barclays and Bank of America
- Closing requires Hart-Scott-Rodino waiting period expiration; a $77.0 million termination fee applies if regulatory approvals are not obtained
- Expected to close in Q4 2026; deal not expected to be immediately accretive to EPS, with non-GAAP diluted EPS accretion expected during 2028
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 17, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.