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Announced

Completed

CSW Industrials completed the merger with TRUaire in a $360m deal.

Financials

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Transaction Value£277m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Completed

air handling solutions

Private

Diversified Industrials

Majority

Single Bidder

Merger

United States

Friendly

Synopsis

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CSW Industrials, a diversified industrial growth company, completed the merger with TRUaire, a supplier of passive air handling solutions for residential and commercial applications, in a $360m deal. "We are pleased to complete the TRUaire acquisition and to welcome approximately 1.6k new colleagues to CSW Industrials. TRUaire allows us to expand our existing HVAC/R platform with a compelling portfolio of best-in-class products, while leveraging our existing distribution channels to better serve our customers. This acquisition will enable us to continue to drive sustainable, profitable growth, while delivering value to all of CSWI’s shareholders," Joseph B. Armes, CSW Industrials Chairman, President and CEO.

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