On the Record · Astec Industries
Astec Industries acquisitions, on the record
The businesses Astec Industries bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
MINDS Automation Group, Inc.Word for word“The acquisition was completed on April 1, 2022 at a purchase price of $ 19.3 million, which was paid in cash.” 10-K for 2023 | acquisition | April 1, 2022 | $ 19.3 million |
Belo HorizonteWord for word“The Company executed an agreement in February 2022 with the noncontrolling interest holder, which is undergoing a judicial reorganization in Brazil, to acquire their outstanding interest in full for R$ 10.0 M (approximately $ 2.0 million, subject to the effect of exchange rates).” 10-K for 2023 | agreed acquisition | February 2022 | R$ 10.0 M (approximately $ 2.0 million, subject to the effect of exchange rates) |
Belo Horizonte noncontrolling interestWord for word“The Company executed an agreement in February 2022 with the noncontrolling interest holder to acquire their outstanding interest in full for R$ 10.0 M (approximately $ 2.0 million, subject to the effect of exchange rates).” 10-K for 2024 | agreed acquisition | February 2022 | R$ 10.0 M (approximately $ 2.0 million, subject to the effect of exchange rates) |
Tacoma facility's land, building and certain equipment assetsWord for word“The Company completed the sale of the Tacoma facility's land, building and certain equipment assets in the first quarter of 2023 for $ 19.9 million.” 10-K for 2024 | divestiture | first quarter of 2023 | $ 19.9 million |
Enid, Oklahoma land and building assetsWord for word“The sale of the land and building assets was completed in the fourth quarter of 2022 for approximately $ 4.7 million.” 10-K for 2024 | divestiture | fourth quarter of 2022 | approximately $ 4.7 million |
TerraSource Holdings, LLCWord for word“On July 1, 2025, we completed the acquisition of TerraSource for $252.6 million.” 10-K for 2025 | acquisition | July 1, 2025 | $252.6 million |
CWMF, LLCWord for word“The total cash consideration paid by the Company to the sellers of CWMF was $ 67.5 million, subject to a customary purchase price adjustment and was funded by a combination of incremental borrowings on the Company's 2025 Credit Facilities and cash on hand.” 10-K for 2025 | acquisition | — | $ 67.5 million |
noncontrolling interest holder's outstanding interest in a Brazilian subsidiaryWord for word“The Company executed an agreement in February 2022 with the noncontrolling interest holder to acquire their outstanding interest in full for R$ 10.0 M (approximately $ 2.0 million, subject to the effect of exchange rates).” 10-K for 2025 | agreed acquisition | February 2022 | R$ 10.0 M |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $39.8 million | — | $12.6 million |
| 2017-12-31 | $26.4 million | — | $3.5 million |
| 2018-12-31 | $0 | $0 | — |
| 2019-12-31 | $0 | $0 | — |
| 2020-12-31 | $32.5 million | $9.1 million | $6.4 million |
| 2021-12-31 | −$100,000 | — | $100,000 |
| 2022-12-31 | $17.8 million | — | $9.3 million |
| 2023-12-31 | $0 | — | — |
| 2024-12-31 | $0 | — | — |
| 2025-12-31 | $248.7 million | — | $86.4 million |
Deal filings since 2016
- 2025-07-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-07-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-12-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-07-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Astec Industries’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.