TTM Technologies Announces Acquisition of Epiq Solutions for $1.1B

What Happened

• TTM Technologies, Inc. filed an 8-K (Aug 17, 2026) reporting that on August 15, 2026 its subsidiary TTM Technologies North America, LLC entered a definitive Purchase Agreement to acquire Epiq Solutions (EDS Intermediate Holding, LLC) for $1,100,000,000 in cash, subject to customary working capital and other adjustments. TTM (the parent) provided a guarantee of the buyer’s payment and performance obligations under the Purchase Agreement.
• The company also entered a Commitment Letter on August 15, 2026 with JPMorgan Chase, Barclays and Bank of America / BofA Securities committing to arrange incremental debt financing through its existing credit facility to help fund the transaction.

Key Details

• Purchase price: $1,100,000,000 in cash (subject to customary adjustments).
• Parent guarantee: TTM Technologies (the parent) guarantees the buyer’s obligations under the Purchase Agreement.
• Financing commitment: Commitment Parties agreed to arrange incremental facilities of $300 million (Term A) and $800 million (Term B, seven-year) under TTM’s existing credit agreement to fund the purchase price, fees and certain Epiq debt refinancing.
• Closing conditions & timing: Closing is subject to HSR antitrust waiting period, accuracy of seller representations, covenants, absence of a defined “Material Adverse Effect,” and other customary conditions. The Purchase Agreement can be terminated if the transaction does not close by Nov 15, 2026 (auto-extension to May 15, 2027 in certain circumstances).
• Regulatory termination fee: If certain required regulatory approvals are not obtained and the agreement is terminated for that reason, the Buyer must pay a $77.0 million termination fee to Epiq Solutions.
• Risk mitigation: The Buyer obtained a representation & warranty insurance policy to cover certain seller reps/warranties, subject to retention, exclusions and policy limits.
• Disclosure: The Purchase Agreement and Commitment Letter are filed as exhibits; a press release and investor presentation were furnished and a conference call was scheduled for Aug 17, 2026.

Why It Matters

• This is a sizable strategic acquisition for TTM — a $1.1 billion cash deal financed in part by incremental secured term loans — which could materially affect the company’s scale and capital structure once closed.
• The outcome depends on regulatory clearance, satisfaction of contractual conditions, and completion of financing arrangements; there is also a meaningful $77 million break fee tied to failed regulatory approvals. Investors should watch regulatory developments, financing progress and any updates from the company’s investor materials and conference call.