Cemtrex completes Heisey Mechanical acquisition; audited FY2022 revenue $8.5M, net income $115k

CEMTREX INC

Acquired Heisey Mechanical on July 1, 2023, via asset purchase agreement by wholly owned subsidiary Advanced Industrial Services.
Heisey FY2022 audited: revenue $8.47M, net income $115k, total assets $5.6M, equity $2.3M.
Heisey is a metal fabrication contractor serving food, chemical, water treatment industries in the mid-Atlantic region.
This 8-K/A adds required audited (FY2022) and unaudited (H1 2023) financials plus pro forma combined information.

item 9.01 item 1.01 item 2.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CEMTREX INC entered into Asset Purchase Agreement with Heisey Mechanical, Ltd. (effective 2023-07-01).

Action: entry
Agreement: asset purchase
Counterparty: Heisey Mechanical, Ltd.
Effective: 2023-07-01

Exact text from the filing

the Acquisition was effected pursuant to the Asset Purchase Agreement, dated as of June 7, 2023, by and among the Company, Buyer, and the Sellers, (the “Asset Purchase Agreement”).

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23 material agreements filed in the last 30 days. Browse all material agreements →

CEMTREX INC filing history →

Source: SEC EDGAR

accession 0001493152-23-043872

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