CSW Industrials completes $313.5 million Aspen Manufacturing acquisition, moves to NYSE
CSW Industrials completed its acquisition of Aspen Manufacturing on May 1, 2025, for a cash purchase price of $313.5 million, subject to adjustments, funded with cash on hand and borrowings under its $500 million revolving credit facility. The company also plans to move its common stock listing from Nasdaq to the New York Stock Exchange, with NYSE trading under the symbol CSW starting June 9, 2025.
Key points
- Aspen Manufacturing acquisition closed May 1, 2025; cash price $313.5 million, with $8 million placed in escrow
- Company describes purchase price as approximately 11x Aspen's 2024 adjusted EBITDA of $28.5 million (preliminary, unaudited estimate)
- Nasdaq trading ends at market close June 6, 2025; NYSE trading begins June 9, 2025 under the symbol CSW
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits 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 May 01, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.