---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-044104"
form_type: "8-K"
ticker: "ASTE"
cik: "0000792987"
company_name: "ASTEC INDUSTRIES INC"
filed_at: "2025-05-02T23:59:59+00:00"
generated_at: "2026-05-22T23:21:41.793941+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Astec to acquire TerraSource Holdings for $245M in cash-free, debt-free deal

## Summary
- Total consideration of $245M on a cash-free, debt-free basis, subject to customary purchase price adjustments.
- Acquisition funded by new $150M revolver and $350M term loan from Wells Fargo, plus cash on hand.
- Closing expected by August 1, 2025, conditioned on HSR clearance and other customary conditions.
- Astec required to pay a $15M termination fee if it fails to close when all conditions are met.
- TerraSource manufactures material processing equipment for crushing, screening, and separation, complementing Astec's portfolio.

## SEC filing metadata
- accession: 0001104659-25-044104
- form_type: 8-K
- ticker: ASTE
- cik: 0000792987
- company_name: ASTEC INDUSTRIES INC
- filed_at: 2025-05-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/792987/000110465925044104/0001104659-25-044104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792987/000110465925044104/tm2513690d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-044104
- JSON: https://secwatch.observer/filing/0001104659-25-044104.json
- Plain text: https://secwatch.observer/filing/0001104659-25-044104.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.