Sale to CSW Industrials, Inc.

Industrial
Sale to CSW Industrials, Inc.

Summary

Baird served as the exclusive financial advisor to T.A. Industries, Inc. on this transaction

About

T.A. Industries, Inc. (“TRUaire”) has been acquired by CSW Industrials, Inc. (“CSWI”) (NASDAQ: CSWI) for $360 million, including $284 million of cash and approximately 850,000 shares of common stock issued to the sellers.

TRUaire is a leading supplier of passive air handling solutions for residential and commercial applications, offering a broad suite of high-quality products including grilles, registers and diffusers. TRUaire sells through wholesale distribution and retail channels, with HVAC/R technicians and homeowners as primary end users. During calendar year 2019, approximately 86% of TRUaire’s business served residential customers in the HVAC/R end market, while the remainder served commercial customers. TRUaire is headquartered in Santa Fe Springs, California.

CSWI is a diversified industrial growth company with well-established, scalable platforms and domain expertise across two segments: Industrial Products and Specialty Chemicals. CSWI's broad portfolio of leading products provides performance optimizing solutions to its customers. CSWI's products include mechanical products for HVAC/R applications, sealants, and high-performance specialty lubricants. Markets that CSWI serves include: HVAC/R, architecturally-specified building products, general industrial, plumbing, rail, energy, and mining. CSWI is headquartered in Dallas, Texas.
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Industrial
Sale to CSW Industrials, Inc.
Date
December 2020
Company
T.A. Industries, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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