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