Astec Industries to acquire TerraSource Holdings from Right Lane Industries for $245m.

Astec Industries, a manufacturer of specialized equipment for road building and material processing, agreed to acquire TerraSource Holdings, a provider of material handling equipment and aftermarket services, from Right Lane Industries, a privately-held industrial holding company focused on corporate carveouts and complex transactions, for $245m. "Congratulations to our exceptional colleagues at TerraSource, Right Lane, and Hillenbrand for this successful collaboration. The transformation journey has been remarkable, and I'm confident our partnership with Astec will enable us to continue our extraordinary trajectory, further enhance our market leadership, and deliver exceptional products and services to our customers," Kevin Hambrice, TerraSource CEO.