M&A
confidence high
sentiment positive
materiality 0.65
Cemtrex completes $3.5M cash acquisition of Plant Engineering Services assets
CEMTREX INC
- Cemtrex, via AIS Engineering, acquired substantially all PES assets for $3.5M cash plus assumed liabilities on July 1, 2026.
- Seller eligible for up to ~$1.75M earnout over 3 years based on gross profit targets ($3.0M/$3.6M/$4.2M yearly thresholds).
- Audited net assets acquired were negative $2.35M; $2.40M contract liabilities assumed, reflecting deferred revenue.
- SEC granted waiver allowing audited statement of assets acquired and liabilities assumed in lieu of full PES financials.
- PES integrated into Cemtrex Industrial Services segment; proforma balance sheet as of June 30, 2026 included.