Blackford Capital to Acquire Moro Corp.

Rhea-AI Summary

Blackford Capital announced it will acquire Moro Corporation (OTC:MRCR) in an all-cash merger announced December 29, 2025. The deal values Moro at approximately $34.2 million or $5.59 per share, with about $3.3 million (≈$0.55 per share) placed in escrow and holdbacks under the merger agreement.

The transaction was approved by both boards and by Moro stockholders holding the requisite majority and is subject to customary closing conditions. The companies expect the deal to close promptly. Upon closing, Moro's OTC quotation will be suspended.

Positive

• Transaction value of $34.2 million all-cash
• Cash consideration of $5.59 per share
• Boards of both companies approved the merger

Negative

• $3.3 million escrow/holdback included in purchase price
• Quotation of MRCR on the OTC will be suspended upon closing

GRAND RAPIDS, MI AND NATICK, MA / ACCESS Newswire / December 29, 2025 / Blackford Capital, Inc. and Moro Corporation (OTC:MRCR) today announced that they have entered into a definitive merger agreement under which Blackford Capital will acquire Moro Corporation in an all-cash transaction for a total enterprise value of approximately $34.2 million (or approximately $5.59 per share). Approximately, $3.3 million (or approximately $0.55 per share) of the purchase price is subject to certain escrow and holdback provisions of the merger agreement.

The transaction has been approved by the boards of directors of both companies and is subject to customary closing conditions. Stockholders of Moro Corporation holding the requisite majority of shares have approved the transaction. The transaction is expected to close promptly. Upon closing of the transaction quotation of the Moro Corporation's shares on the OTC will be suspended.

McGuireWoods LLP served as legal advisor to Blackford Capital. Harter Secrest & Emery LLP served as legal advisor and Paramax Corporation served as financial advisor to Moro Corporation.

About Blackford Capital

Founded in 2010, Blackford Capital is a private equity investment firm headquartered in Grand Rapids, Michigan. Blackford acquires, manages, and builds founder and family-owned, lower middle-market companies in manufacturing, distribution, and services. The firm has a track record of exceptional returns, a disciplined and relentless approach to value creation, a focus on operational excellence, and a compelling culture. The investment into Moro Corporation is Blackford's 20^th platform investment, and 52^nd acquisition. Blackford's honors include being named to the Inc. Founder-Friendly Investors and Inc. 5000 lists in 2024, as well as securing the 2024 USA Deal of the Year at the Americas M&A Atlas Awards and the 2024 Deal of the Year at M&A Advisor's International M&A Awards. The firm's professionals have been named to Crain's Detroit Notable Dealmakers, Crain's Detroit Notable Leaders in Finance, Crain's Grand Rapids Business Dealmaker of the Year, and the Grand Rapids 200 lists over the last year.

For more information, visit www.blackfordcapital.com.

About Moro Corporation

Moro Corporation is a construction products and services company, providing HVAC, electrical, structural steel, sheet metal ductwork and services to a variety of commercial and residential customers located in Pennsylvania, New Jersey, New York, Connecticut, Rhode Island and Massachusetts.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include, but are not limited to our plans, objectives, expectations and intentions and other statements that contain words such as "experts," "contemplates," "anticipates," "plans," "intends," "believes," "will" and variations of such words or similar expressions that predict or indicate future events or trends, or that do not relate to historical matters. The forward-looking statements in this release include statements about the anticipated closing of the transaction. These forward-looking statements are not guarantees of future performance and involve risks, assumptions, and uncertainties, including, but not limited to, risks related to the satisfaction of the conditions to closing the transaction in the anticipated timeframe or at all and litigation or regulatory actions related to the proposed transaction. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

Contact:
Neil Kessler
nkessler@morocorp.com

SOURCE: Moro Corporation

View the original press release on ACCESS Newswire

FAQ

What price per share will Moro Corporation (MRCR) shareholders receive in the Blackford Capital deal?

Shareholders will receive $5.59 per share in the all-cash transaction.

What is the total enterprise value of the Blackford Capital acquisition of MRCR announced December 29, 2025?

The transaction values Moro at approximately $34.2 million enterprise value.

How much of the MRCR purchase price is subject to escrow or holdbacks?

About $3.3 million (approximately $0.55 per share) is subject to escrow and holdback provisions.

Has the MRCR acquisition by Blackford Capital received shareholder and board approval?

Yes; the boards of both companies approved the merger and Moro stockholders holding the requisite majority approved the transaction.

When will MRCR shares stop trading after the Blackford Capital acquisition?

Upon closing of the transaction, quotation of MRCR shares on the OTC will be suspended.

Are there any closing conditions for Blackford Capital's acquisition of MRCR?

Yes; the transaction remains subject to customary closing conditions before it can close promptly.