Cemtrex completes $3.5 million cash acquisition of Plant Engineering Services
Cemtrex's subsidiary Advanced Industrial Services completed the purchase of substantially all assets of Plant Engineering Services, an Indiana engineering firm, on July 1, 2026, for $3.5 million in cash plus assumed liabilities and up to about $1.75 million in earnout payments over three years. The filing also reports about 609,000 unregistered share issuances since the June 5, 2026 1-for-10 reverse split, with 1,721,141 shares outstanding as of July 2, 2026. The filing does not provide financial results for the acquired business beyond the press release's expected revenue of $4 million to $5 million over the next twelve months.
Key points
- Purchase price: $3.5 million in cash, subject to a working capital adjustment, plus assumed liabilities
- Earnout of up to about $1.75 million over three years, based on gross profit targets
- About 609,000 shares issued in unregistered transactions since the June 5, 2026 reverse split; 1,721,141 shares outstanding as of July 2, 2026
- Press release says PES is expected to contribute $4 million to $5 million in revenue over the next twelve months
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.