CSW Industrials Completes Acquisition of TRUaire

CSW Industrials, Inc. and its subsidiary RectorSeal completed the previously announced acquisition of T.A. Industries, Inc. d/b/a TRUaire. The transaction closed on December 15, 2020, for consideration of $284 million in cash and 849,852 shares of CSWI common stock, representing aggregate consideration of $360 million at signing.

“On December 15, 2020, pursuant to the Purchase Agreement, the Company and RectorSeal completed the previously announced acquisition of all of the issued and outstanding shares of common stock of TRUaire in exchange for consideration consisting of $284 million in cash and 849,852 shares of the Company’s common stock, representing aggregate consideration at signing of the Purchase Agreement of $360 million, based on the closing price of the Company’s common stock on November 4, 2020 (the “Transaction”).”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.