Bad Boy Mowers to Buy Excel Industries in Asset Deal
Stanley Black & Decker said the sale refines its portfolio and concentrates resources on higher-growth opportunities.
Bad Boy Mowers agreed to acquire Excel Industries in an asset-purchase transaction.
The sale of Excel further refines Stanley Black & Decker’s portfolio and unlocks greater shareholder value by concentrating resources on the areas where it sees the most compelling opportunities to grow and win.
Chris Nelson, Stanley Black & Decker’s President & CEO, commented, “The sale of Excel further refines our portfolio and unlocks greater shareholder value by concentrating resources on the areas where we see the most compelling opportunities to grow and win.”
The deal is subject to regulatory approval and other customary closing conditions.
Stanley Black & Decker, a worldwide leader in Tools and Outdoor, operates manufacturing facilities globally. Its approximately 43,500 employees produce power tools, hand tools, storage, digital jobsite solutions, outdoor and lifestyle products, and engineered fasteners. The company’s brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, and Cub Cadet.
The Excel sale follows Stanley Black & Decker’s completed divestiture of Consolidated Aerospace Manufacturing to Howmet Aerospace for approximately $1.8 billion in cash in April 2026. Stanley Black & Decker expects to use net proceeds of about $1.57 billion from that transaction to reduce debt and position itself to achieve a target leverage ratio of at or around 2.5 times net debt to adjusted EBITDA by year-end.
Nelson said the CAM sale further focuses the portfolio on core businesses and enables additional capital allocation opportunities.
The Excel transaction adds another step in that same portfolio-refinement sequence, with the company directing resources toward the businesses it identifies as having the strongest growth prospects.