CSW INDUSTRIALS, INC. (CSW): M&A transaction — CSWI closes $313.5M Aspen Mfg acquisition, transfers listing to NYSE on June 9

CSW INDUSTRIALS, INC.

Completed acquisition of Aspen Manufacturing for $313.5M cash, using cash on hand and $500M credit facility.
Purchase price represents ~11x Aspen's 2024 adjusted EBITDA of $28.5M; $8M held in escrow for post-closing adjustments.
Company will transfer stock listing from Nasdaq to NYSE; last Nasdaq trade June 6, first NYSE trade June 9 under symbol 'CSW'.
Acquisition adds evaporator coils and air handlers to CSWI's HVAC/R portfolio, with 350 new employees in Humble, TX.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CSW INDUSTRIALS, INC. completed an acquisition involving Aspen Manufacturing, LLC for $313.5 million (closed 2025-05-01).

Action: acquisition
Counterparty: Aspen Manufacturing, LLC
Consideration: $313.5 million
Closing: 2025-05-01

Exact text from the filing

”). At the effective time of the Merger, each outstanding unit of equity in Aspen was cancelled and converted into the right to receive a portion of the cash purchase price of $313.5 million, subject to customary adjustments, including, among others, in respect of indebtedness and working capital of Aspen. In accordance with the terms of the Merger Agreement, $8

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CSW INDUSTRIALS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-109980

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