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Astec signs agreement to acquire CWMF
2025-12-04 22:15
- Astec Industries (ASTE) on Thursday announced the signing of an agreement to acquire CWMF.
- CWMF is a manufacturer of portable and stationary asphalt plant equipment and parts with annual revenues of approximately $50 million, with its distribution of products primarily concentrated in the Midwest, South-Central and Great Lakes regions of the United States.
- The company anticipates closing on the acquisition in the first quarter of 2026.
- "We expect the transaction to be accretive from day one and project our consolidated net leverage ratio to remain within our previously disclosed range of 1.5 to 2.5x net debt/adjusted EBITDA," said CFO Brian Harris.
- Source: Press Release
More on Astec
- Astec Industries: Shares Still Offer More Upside Despite Revenue Falling
- Astec raises lower end of adjusted EBITDA guidance to $132M amid TerraSource integration and backlog growth
- Seeking Alpha’s Quant Rating on Astec
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