Griffon Reshapes AMES Through North American Joint Venture
Introducing TipRanks MCP for Agents
- Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools.
- Designed for personal research, portfolio monitoring, and AI-assisted investment workflows.
An update from Griffon ( (GFF) ) is now available.
On June 9, 2026, Griffon closed a joint venture combining its AMES U.S. and Canada businesses with Venanpri Tools, with the buyer paying $100 million in cash, issuing $161.1 million of 10% payment-in-kind second-lien term loans maturing in 2029, and granting Griffon a 42.78% equity interest in the new vehicle. The structure positions Griffon as lender and minority owner while shifting operating control and leverage to the JV, supported by real estate-backed second-lien security and tight leverage covenants.
In a parallel move on June 8, 2026, Griffon agreed to sell its AMES Australasia unit into a new joint venture backed by local management and Australian investors for $185 million in cash, a $50 million subordinated note, and a retained 49% indirect equity stake. Together, the North American and Australasian deals mark a significant reshaping of AMES into regional JVs, freeing cash, crystallizing asset values—particularly real estate—and aligning Griffon with financial partners while limiting its direct operational exposure.
The most recent analyst rating on (GFF) stock is a Buy
with a $119.00 price target.
To see the full list of analyst forecasts on Griffon stock,
see the GFF Stock Forecast page.
Spark’s Take on GFF Stock
According to Spark, TipRanks’ AI Analyst, GFF is a Neutral.
The score is primarily constrained by weaker TTM profitability and historical balance-sheet volatility, partially offset by strong cash generation. The earnings call adds support via maintained FY2026 guidance, ongoing buybacks/dividend continuity, and expected JV proceeds with modest deleveraging, while technicals are moderately constructive (above key longer-term moving averages) and valuation is middling with a low dividend yield.
To see Spark’s full report on GFF stock,
click here.
More about Griffon
Griffon Corporation operates in the tools and home products sector through its AMES-branded businesses in North America and Australasia, supplying professional and consumer tools and related outdoor products. The company has increasingly used joint ventures and asset-light structures to monetize regional AMES operations while retaining significant equity stakes alongside financial sponsors and local management teams.
Average Trading Volume: 366,157
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.16B
For detailed information about GFF stock, go to TipRanks’ Stock Analysis page.
