---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-109980"
form_type: "8-K"
ticker: "CSW"
cik: "0001624794"
company_name: "CSW INDUSTRIALS, INC."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T00:34:34.131234+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CSWI closes $313.5M Aspen Mfg acquisition, transfers listing to NYSE on June 9

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-109980
- form_type: 8-K
- ticker: CSW
- cik: 0001624794
- company_name: CSW INDUSTRIALS, INC.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624794/000119312525109980/0001193125-25-109980-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624794/000119312525109980/d946399d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-109980
- JSON: https://secwatch.observer/filing/0001193125-25-109980.json
- Plain text: https://secwatch.observer/filing/0001193125-25-109980.txt

## Key facts
- M&A Transactions
  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
  source text: ”). 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1624794/000119312525109980/0001193125-25-109980-index.htm

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