CSW Industrials to acquire parts business of Platinum Equity-backed Motors & Armatures for $650m.

CSW Industrials, a diversified industrial growth company, agreed to acquire the parts business, part of Platinum Equity-backed Motors & Armatures, a distributor of aftermarket replacement products, including motors and other electrical components, for $650m. "Over the past year and a half, we've partnered with the MARS team to transform the business and create significant value. This transaction allows us to realize part of that value while finding a natural home for the parts division at CSW where it can continue to thrive. We remain bullish on the HVAC sector long term and will continue putting our financial and operational resources to work," Jacob Kotzubei, Platinum Equity Co-President.