AcquisitionsMay 26, 2026, 06:36 AM
CSW Industrials Acquires MARS Parts for $658.1M; Secures $1.3B Credit
AI Summary
CSW Industrials completed several significant acquisitions and secured substantial financing in fiscal year 2026. The company acquired MARS Parts for $658.1 million and Aspen Manufacturing for $327.6 million, alongside other strategic purchases like Duckt-Strip, Hydrotex, and ProAction Fluids. To fund these initiatives, CSW entered into a Fourth Amended and Restated Credit Agreement, establishing a $700 million revolving credit facility and a new $600 million term loan. Concurrently, the company committed to a plan to sell the Greco US business and exit Greco Canada, resulting in a $15.6 million non-cash impairment expense.
Key Highlights
- Acquired MARS Parts for $658.1 million, a leading HVAC/R parts and supplies provider.
- Acquired Aspen Manufacturing for $327.6 million, a major HVAC/R evaporator coil and air handler manufacturer.
- Secured a Fourth Credit Agreement with a $700.0 million revolving facility and a new $600.0 million term loan.
- Acquired Duckt-Strip for $21.0 million, ProAction Fluids for $9.5 million, and Hydrotex for $17.0 million.
- Recorded a $15.6 million non-cash impairment expense for the Greco US and Canada businesses.
- Transferred common stock listing from Nasdaq Global Select Market to the New York Stock Exchange.
Price Impact
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