CSW Industrials Deploys $40 Million of Acquisition Capital in Contractor Solutions Segment

August 7, 2024

https://www.globenewswire.com/news-release/2024/08/06/2925049/37075/en/CSW-Industrials-Deploys-40-Million-of-Acquisition-Capital-in-Contractor-Solutions-Segment.html

Investment Highlights

DALLAS, Aug. 06, 2024 (GLOBE NEWSWIRE) — CSW Industrials, Inc. (Nasdaq:CSWI) today announced the strategic acquisition of PSP Products, Inc. (“PSP”), deploying $40 million. This acquisition further demonstrates the Company’s commitment to allocate capital to leverage our powerful HVAC/R distribution channel to extend our offering of products to our customers. CSWI funded the transaction with cash on hand and borrowings under its existing $500 million revolving credit facility.

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