---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-226016"
form_type: "8-K"
ticker: "CSW"
cik: "0001624794"
company_name: "CSW INDUSTRIALS, INC."
filed_at: "2025-10-01T23:59:59+00:00"
generated_at: "2026-05-17T05:05:31.704634+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CSW Industrials to acquire MARS Parts for $650M; Q2 debt paydown and share repurchase

## Summary
- Acquires MARS Parts for $650M cash + up to $20M earn-out; represents 10.5x synergies-adjusted EBITDA.
- Expected close in fiscal Q3 2026; funded via syndicated term loan and $700M revolver; no financing condition.
- MARS Parts TTM adjusted EBITDA $51.8M; CSW expects 30%+ EBITDA margin run rate within 12 months of close.
- Q2 FY2026: paid down $35M debt, leaving $60M on revolver; repurchased $18.3M of stock.
- CEO Joe Armes' succession award vesting date extended to April 2032; Board affirmed his continued service.

## SEC filing metadata
- accession: 0001193125-25-226016
- form_type: 8-K
- ticker: CSW
- cik: 0001624794
- company_name: CSW INDUSTRIALS, INC.
- filed_at: 2025-10-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624794/000119312525226016/0001193125-25-226016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624794/000119312525226016/d46003d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-226016
- JSON: https://secwatch.observer/filing/0001193125-25-226016.json
- Plain text: https://secwatch.observer/filing/0001193125-25-226016.txt

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