M&A Deal Summary

Astec Industries Acquires CWMF

On December 4, 2025, Astec Industries acquired automotive company CWMF

Acquisition Highlights
  • This is Astec Industries’ 1st transaction in the Automotive sector.
  • This is Astec Industries’ 13th transaction in the United States.
  • This is Astec Industries’ 2nd transaction in Minnesota.

M&A Deal Summary

Date 2025-12-04
Target CWMF
Sector Automotive
Buyer(s) Astec Industries
Deal Type Add-on Acquisition

Target

CWMF

Waite Park, Minnesota, United States
CWMF offers portable and stationary asphalt plant equipment, parts, and service. But it’s more than that. It helps clients visualize, design, build, optimize, and maintain their asphalt plant to peak performance. CWMF was formed in 1988 and is based in Waite Park, Minnesota.

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Buyer(S) 1

Buyer

Astec Industries

Chattanooga, Tennessee, United States

Category Company
Founded 1972
Sector Machinery
Employees4,148
Revenue 1.3B USD (2024)
DESCRIPTION

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.


DEAL STATS #
Overall 15 of 15
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 14 of 14
State: Minnesota M&A 2 of 2
Country: United States M&A 13 of 13
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-01 TerraSource Global

St. Louis, Missouri, United States

TerraSource Global is a manufacturer of high-quality material sizing equipment based on the Gundlach, Jeffrey Rader and Pennsylvania Crusher brands. TerraSource Global is based in St. Louis, Missouri.

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