CSWI - CSW Industrials deploys $57.8M to acquire Cover Guard AC Guard Falcon Stainless
- CSW Industrials ( NASDAQ: CSWI ) on Tuesday announced the deployment of $57.8M to acquire Cover Guard, AC Guard, and Falcon Stainless to expand offerings in HVAC/R and plumbing end markets.
- The deployed capital represents ~6.6x the combined acquired trailing 12-month adj. EBITDA.
- The deals are expected to be accretive to EPS in the first full year of ownership.
- The acquisitions were funded with cash on hand and borrowings under CSWI's $400M revolving credit facility.
- The acquisition of Cover Guard and AC Guard products expand CSWI's contractor solutions' HVAC/R accessories.
- The addition of Falcon products supplements contractor solutions' product portfolio.
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CSW Industrials deploys $57.8M to acquire Cover Guard, AC Guard, Falcon Stainless