On the Record · CSW Industrials
CSW Industrials acquisitions, on the record
The businesses CSW Industrials 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 |
|---|---|---|---|
Dust Free, LPWord for word“On February 6, 2024, we acquired 100% of the outstanding equity of Dust Free, LP ("Dust Free"), based in Royse City, Texas, for an aggregate purchase price of $34.7 million (including $0.6 million cash acquired), comprised of cash consideration of $27.9 million and contingent consideration initially measured at $6.8 million based on Dust Free meeting defined operational and financial targets over a period of six years.” 10-K for 2024 | acquisition | On February 6, 2024 | aggregate purchase price of $34.7 million (including $0.6 million cash acquired) |
Falcon Stainless, IncWord for word“On October 4, 2022, we acquired 100% of the outstanding equity of Falcon Stainless, Inc ("Falcon"), based in Temecula, California, for an aggregate purchase price of $37.1 million (including $1.0 million cash acquired), comprised of cash consideration of $34.6 million and an additional payment of $2.5 million that was paid one-year from the acquisition date based on certain business conditions being met.” 10-K for 2024 | acquisition | On October 4, 2022 | aggregate purchase price of $37.1 million (including $1.0 million cash acquired) |
Cover Guard, Inc. ("CG") and AC Guard, Inc. ("ACG") assetsWord for word“On July 8, 2022, we acquired the assets of Cover Guard, Inc. ("CG") and AC Guard, Inc. ("ACG"), based in Orlando, Florida, for an aggregate purchase price of $18.4 million, comprised of cash consideration of $18.0 million and additional 27 Table of Contents contingent consideration initially measured at $0.4 million based on CG and ACG meeting defined financial targets over a period of five years.” 10-K for 2024 | acquisition | On July 8, 2022 | aggregate purchase price of $18.4 million |
Shoemaker Manufacturing, LLCWord for word“On December 15, 2021, we acquired 100% of the outstanding equity of Shoemaker Manufacturing, LLC ("Shoemaker"), based in Cle Elum, Washington, for an aggregate purchase price of $43.6 million, including working capital and closing cash adjustments and expected contingent consideration.” 10-K for 2024 | acquisition | On December 15, 2021 | aggregate purchase price of $43.6 million |
50% interest in a wholly-owned subsidiary of Whitmore Manufacturing, LLC, sold to Shell (SOPUS) to form the Whitmore JVWord for word“On April 1, 2021, Whitmore Manufacturing, LLC ("Whitmore"), a wholly-owned subsidiary of CSWI, completed the formation of a joint venture with Pennzoil-Quaker State Company dba SOPUS products ("Shell"), a wholly-owned subsidiary of Shell Oil Company that comprises Shell's U.S. lubricants business.” 10-K for 2024 | divestiture | On April 1, 2021 | — |
Aspen Manufacturing, LLCWord for word“On May 1, 2025, the Company completed the acquisition of 100% of the equity interests of Aspen Manufacturing, LLC.” 10-K for 2025 | acquisition | May 1, 2025 | — |
PF WaterWorks, L.P.Word for word“On November 4, 2024, we acquired the assets of PF WaterWorks, L.P. (“PF WaterWorks”), based in Houston, Texas for an aggregate purchase price of $45.6 million, comprised of cash considerations of $40.0 million, a working capital true-up adjustment of $2.4 million and contingent considerations initially measured at $3.2 million based on PF WaterWorks meeting defined financial targets over a period of 3.2 years.” 10-K for 2025 | acquisition | November 4, 2024 | $45.6 million |
PSP Products, Inc.Word for word“On August 1, 2024, we acquired the assets of PSP Products, Inc. (“PSP”), based in Manassas, Virginia for an aggregate purchase price of $51.3 million, comprised of cash consideration of $32.5 million, a working capital true-up adjustment of $7.0 million and contingent considerations initially measured at $11.8 million based on PSP meeting defined operational and financial targets over a period of 2.5 years.” 10-K for 2025 | acquisition | August 1, 2024 | $51.3 million |
Cover Guard, Inc. and AC Guard, Inc.Word for word“On July 8, 2022, we acquired the assets of Cover Guard, Inc. (“CG”) and AC Guard, Inc. ("ACG"), based in Orlando, Florida, for an aggregate purchase price of $18.4 million, comprised of cash consideration of $18.0 million and additional contingent consideration initially measured at $0.4 million based on CG and ACG meeting defined financial targets over a period of five years.” 10-K for 2025 | acquisition | July 8, 2022 | $18.4 million |
Joyce Sales Group, LLC and Copper2Glass, LLC (Duckt-Strip)Word for word“On March 12, 2026, we acquired certain assets of Joyce Sales Group, LLC and Copper2Glass, LLC (collectively, “Duckt-Strip”) for a cash consideration of $21.0 million, which was funded with borrowings under our existing Revolving Credit Facility (as defined in Note 9).” 10-K for 2026 | acquisition | March 12, 2026 | $21.0 million |
ProAction Fluids, LLCWord for word“On November 20, 2025, we acquired certain assets of ProAction Fluids, LLC (“ProAction Fluids”) for a cash consideration of $9.5 million, which was funded with borrowings under our existing Revolving Credit Facility.” 10-K for 2026 | acquisition | November 20, 2025 | $9.5 million |
Hydrotex Holdings, Inc.Word for word“On November 5, 2025, we acquired certain assets of Hydrotex Holdings, Inc. (“Hydrotex”) for an aggregate purchase price of $17.0 million.” 10-K for 2026 | acquisition | November 5, 2025 | $17.0 million |
Dusk Acquisition Corporation, Motors & Armatures, LLC and HVAC South, LLC (MARS Parts)Word for word“On November 4, 2025, we acquired 100% of the equity interests of Dusk Acquisition Corporation and its wholly owned subsidiaries, Motors & Armatures, LLC and HVAC South, LLC (collectively, “MARS Parts”) for an aggregate purchase price of $658.1 million.” 10-K for 2026 | acquisition | November 4, 2025 | $658.1 million |
| Fiscal year ended | Goodwill from acquisitions |
|---|---|
| 2017-03-31 | $13.6 million |
| 2018-03-31 | $152,000 |
| 2019-03-31 | $5.2 million |
| 2020-03-31 | $6.1 million |
| 2021-03-31 | $125.6 million |
| 2023-03-31 | $17.4 million |
Deal filings since 2016
- 2025-11-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-11-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-05-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-05-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-03-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-09-09 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
- 2020-12-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-12-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-11-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-09-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from CSW Industrials’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-05-26. 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.