Csw industrials announces definitive agreement to acquire aspen manufacturing for $313.5 million, executing disciplined capital allocation and strategic expansion in the hvac/r end market

Aspen manufacturing acquisition highlights continues the expansion of existing product portfolio in the profitable heating, ventilation, air conditioning, and refrigeration (hvac/r) end market with the addition of evaporative coils and air handler offerings aligns with previously established acquisition criteria to leverage existing distribution channels, increase our market share in hvac/r end market, expand products offerings, and grow share of wallet with our existing customers all of aspen's products are designed, engineered and manufactured in the united states valuation represents approximately 11x aspen manufacturing's estimated 2024 adjusted ebitda expected to be immediately accretive to cswi's eps and ebitda transaction economics allow cswi to maintain a strong balance sheet and ample liquidity to continue executing on growth strategy dallas, march 18, 2025 (globe newswire) -- csw industrials, inc. (nasdaq: cswi) and aspen manufacturing announced today the execution of a definitive agreement under which cswi will acquire aspen manufacturing for approximately $313.5 million in cash, subject to customary post-closing adjustments. the proposed purchase price is approximately 11x aspen manufacturing's estimated 2024 adjusted earnings before interest, taxes, depreciation, and amortization (ebitda) of $28.5 million.
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