CSW Industrials Deploys Over $30 Million, Executing on Acquisition Strategy in HVAC/R and Plumbing End Markets, With Focus on Indoor Air Quality
Investment Highlights
DALLAS, Feb. 06, 2024 (GLOBE NEWSWIRE) — CSW Industrials, Inc. (Nasdaq:CSWI) today announced the strategic deployment of $30.3 million, excluding future earn-outs, upon completing the acquisitions of Dust Free, LP, Guardian Drain Lock, and Sure Grade Drain. These acquisitions are evidence of the Company’s continued commitment to add innovative product offerings for existing residential and commercial customers by maximizing its extensive experience in the HVAC/R and plumbing end markets and leveraging its robust distribution channels and go-to-market strategy. CSWI funded the transactions with cash on hand and borrowings under its existing $500 million revolving credit facility.
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