Graham Corporation announced it has secured a $50 million investment from accounts advised by T. Rowe Price Investment Management, reinforcing its financial position and supporting future growth initiatives.
Under the agreement, T. Rowe Price will acquire 599,808 shares, representing approximately 5 percent of Graham’s common stock, at $83.36 per share based on the company’s 20-day average closing price. The transaction is expected to close on April 16, 2026, subject to customary conditions.
Graham plans to use the proceeds to strengthen its balance sheet through debt repayment while also funding both organic and inorganic growth opportunities. The investment is intended to enhance the company’s financial flexibility as it continues to expand across its core markets.
Graham operates as a global provider of mission-critical technologies across defense, energy and process industries, and space applications, with capabilities spanning fluid systems, heat transfer, vacuum technologies, and advanced mixing solutions.
The transaction brings a major institutional investor onto Graham’s shareholder base, reflecting confidence in the company’s market positioning and long-term strategy.
KEY QUOTE:
“We are pleased to welcome T. Rowe Price as a long-term partner and shareholder. This investment underscores the strength of the Graham platform and our positioning across attractive, growing end markets. The proceeds from this stock sale enhance our financial flexibility and support our disciplined capital allocation strategy for us to continue to drive long-term shareholder value.”
Matthew J. Malone, President And Chief Executive Officer, Graham Corporation
