CSW Industrials Acquires PSP Products, Inc.
August 6, 2024
CSW Industrials, Inc. (Nasdaq: CSWI) acquired PSP Products, Inc. for $40 million, a transaction funded with cash on hand and borrowings under its revolving credit facility. PSP, a maker of surge protection devices and load management systems for HVAC/R and electrical contractors, was acquired at an implied multiple of ~5.0x trailing EBITDA and is expected to be accretive in the first full year.
- Buyers
- CSW Industrials, Inc.
- Targets
- PSP Products, Inc.
- Industry
- Manufacturing
- Location
- Virginia, United States
- Transaction Type
- Buyout
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