secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0001104659-25-064747
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000110465925064747/0001104659-25-064747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000110465925064747/tm2519397d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-064747

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