Consolidation trend Jan 2016
RectorSeal's fifth acquisition since 2011 under CSW Industrials
The deal is identified as RectorSeal's fifth acquisition since 2011, with several other recent product-line/brand acquisitions, and RectorSeal is noted as a portfolio company of publicly-traded CSW Industrials, indicating an ongoing acquisition program.
“The Universal Technologies transaction is RectorSeal’s fifth acquisition since 2011 when it acquired Airtec, Fall River, Massachusetts. Other recent acquisitions include Resource Conservation Technologies, Glue-On-Nozzle, SureSeal®, and the Evo-Crete™ and PolySlab™ brands from Australian-based Evolve Group.”
Entities
CSW Industrials Inc. · Parent RectorSeal · Acquirer
HVACRefrigeration
Source: www.achrnews.com
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.