---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-064747"
form_type: "8-K"
ticker: "ASTE"
cik: "0000792987"
company_name: "ASTEC INDUSTRIES INC"
filed_at: "2025-07-01T23:59:59+00:00"
generated_at: "2026-05-18T11:27:48.915200+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Astec completes $245M acquisition of TerraSource; expects $10M annual synergies

## Summary
- Acquisition of TerraSource completed for $245M cash; net purchase price $230M after ~$15M NPV of tax benefits.
- Deal expected to be EPS accretive from day one; ~60% of TerraSource revenue from aftermarket parts/service.
- Annual run-rate cost synergies of ~$10M expected by end of year two.
- New credit facilities of up to $600M entered; proceeds used to fund acquisition and repay prior $250M revolver.
- Proforma net leverage ratio ~2.0x net debt/adjusted EBITDA for 2025.

## SEC filing metadata
- accession: 0001104659-25-064747
- form_type: 8-K
- ticker: ASTE
- cik: 0000792987
- company_name: ASTEC INDUSTRIES INC
- filed_at: 2025-07-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/792987/000110465925064747/0001104659-25-064747-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792987/000110465925064747/tm2519397d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-064747
- JSON: https://secwatch.observer/filing/0001104659-25-064747.json
- Plain text: https://secwatch.observer/filing/0001104659-25-064747.txt

## Key facts
- Debt Financings
  ASTEC INDUSTRIES INC incurred credit facility of $600,000,000 with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto from time to time at Term SOFR plus an applicable margin ranging between 1.75% and 2.75% per annum, o maturing July 1, 2030.
  - Instrument: credit facility
  - Principal: $600,000,000
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto from time to time
  - Rate: Term SOFR plus an applicable margin ranging between 1.75% and 2.75% per annum, o
  - Maturity: July 1, 2030
  - Event: incurrence
  source text: Simultaneously with the Closing, on July 1, 2025 (the “Financing Effective Date”), the Company entered into a credit agreement (the “Credit Agreement”) that provides for (i) a revolving credit facility, a term loan facility, a swingline facility and a letter of credit facility, in an initial aggregate amount of up to $600,000,000, and (ii) an incremental facilities limit in an aggregate amount not to exceed $150,000,000 (collectively, the “Credit Facilities”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000110465925064747/0001104659-25-064747-index.htm
- M&A Transactions
  ASTEC INDUSTRIES INC completed an acquisition involving TerraSource Holdings, LLC (Sellers: RLI TSG Holdings LLC, Milacron LLC, and others) for $245.0 million in cash on a cash-free, debt-free basis (closed 2025-07-01).
  - Action: acquisition
  - Counterparty: TerraSource Holdings, LLC (Sellers: RLI TSG Holdings LLC, Milacron LLC, and others)
  - Consideration: $245.0 million in cash on a cash-free, debt-free basis
  - Closing: 2025-07-01
  source text: its previously announced Acquisition of TerraSource pursuant to the Purchase Agreement. The total consideration delivered at the Closing by the Company to the Sellers was $245.0 million in cash on a cash-free, debt-free basis, subject to a customary purchase price adjustment, as set forth in the Purchase Agreement. The Company financed the Acquisition and
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000110465925064747/0001104659-25-064747-index.htm

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