Astec Industries - M&A Summary and Business Overview

MachineryCompany

Astec Industries M&A Summary

Astec Industries has acquired 13 companies, including 2 in the last 5 years. It has also divested 2 assets.

Astec Industries’ largest acquisition to date was in 2016, when it acquired Power Flame for $43M. It’s largest disclosed sale occurred in 2012, when it sold American Augers to The Charles Machine Works for $55M. Astec Industries has acquired in 8 different US states, and 3 countries. The Company’s most targeted sectors include machinery (85%) and consumer services (8%).

Astec Industries Business Overview

Where is Astec Industries headquartered?

Astec Industries is headquartered in Chattanooga, Tennessee.

What is Astec Industries’ revenue?

Astec Industries disclosed revenue of 1,275M USD for 2022 and 1,097M USD for 2021.

How many employees does Astec Industries have?

Astec Industries has 4,291 employees.

What sector is Astec Industries in?

Astec Industries is a machinery company.

When was Astec Industries founded?

Astec Industries was founded in 1972.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity13
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 3

Astec Industries

Astec Industries, Inc.

1725 Shepherd Road,
Chattanooga, Tennessee 37421
United States,
(423) 899-5898
www.astecindustries.com

Astec Industries is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; and wood processing. Astec Industries was founded in 1972 and is based in Chattanooga, Tennessee.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 11 1 - 1 - - 13
vol $139M $139M
Sell (0.0/yr) # 2 - - - - - 2
vol $55M $55M
  15

Most Recent M&A

Company Date Value Type
MINDS Automation Group, Inc. 2022-03-23 - Add-on Acquisition
Kelowna, British Columbia · www.mindsinc.ca
Concrete Equipment Co., Inc. 2020-07-20 - Divestiture
Blair, Nebraska · www.con-e-co.com
RexCon LLC 2017-10-02 26M USD Add-on Acquisition
Burlington, Wisconsin · www.rexcon.com
Power Flame, Inc. 2016-07-07 43M USD Add-on Acquisition
Parsons, Kansas · www.powerflame.com
Telestack Ltd. 2014-04-01 36M USD Add-on Acquisition
Omagh, Ireland · www.telestack.com
American Augers, Inc. 2012-11-01 55M USD Divestiture
West Salem, Ohio · www.americanaugers.com
Astec Underground, Inc. 2012-02-10 - Divestiture
Loudon, Tennessee
Dillman Equipment, Inc. 2008-10-01 - Add-on Acquisition
Prairie du Chien, Wisconsin · www.dillmanequipment.com
Peterson Pacific Corp. 2007-07-31 34M USD Add-on Acquisition
Eugene, Oregon · www.petersoncorp.com
Peterson, Inc. 2007-07-31 - Add-on Acquisition
Willmar, Minnesota · www.petersonbrothers.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 11 (85%) 96M (69%) 2 (100%) 55M (100%)
Consumer Services 1 (8%) - - -
Energy Services and Equipment 1 (8%) 43M (31%) - -
Total 13 $139M 2 $55M

By Geo

State/Country Buy Value Sell Value
United States 11 103M 2 55M
  Wisconsin 3 26M - -
  Oregon 2 34M - -
  Ohio 1 - 1 55M
  Minnesota 1 - - -
  Kansas 1 43M - -
  Washington 1 - - -
  New Mexico 1 - - -
  Nebraska 1 - - -
  Tennessee - - 1 -
Canada 1 - - -
  British Columbia 1 - - -
Ireland 1 36M - -
Domestic 11 (85%) 103M (74%) 2 (100%) 55M (100%)
Cross-border 2 (15%) 36M (26%) - -
Total 13 $139M 2 $55M

Deal Values

buy # Total
< $100M 4 $139M
TOTAL $139M
Largest Power Flame, Inc.
$43M (2016-07-07)
sell # Total
< $100M 1 $55M
TOTAL $55M
Largest American Augers, Inc.
$55M (2012-11-01)

M&A Connections

Deals
Acquired from
Strategic(s)
8%
1 (8%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Machinery

Revenue

1,275   17% 2022
1,097   8% 2021
1,024   13% 2020
1,170   1% 2019
1,172   2% 2018
1,185   4% 2017
1,147   17% 2016
983   1% 2015
976   5% 2014
932   1% 2013
936   2012
(millions of USD) Show More Show Less

Employees

4,291

Established

1972

Public

NASDAQ: ASTE

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