M&A Deal Summary |
|
|---|---|
| Date | 2025-05-01 |
| Target | TerraSource Global |
| Sector | Machinery |
| Buyer(s) | Astec Industries |
| Sellers(s) | Right Lane Capital |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Taft Stettinius & Hollister (Legal) |
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| Category | Company |
|---|---|
| Founded | 1972 |
| Sector | Machinery |
| Employees | 4,148 |
| Revenue | 1.3B USD (2024) |
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 | 14 of 15 |
| Sector: Machinery M&A | 12 of 12 |
| Type: Add-on Acquisition M&A Deals | 13 of 14 |
| State: Missouri M&A | 1 of 1 |
| Country: United States M&A | 12 of 13 |
| Year: 2025 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-23 |
MINDS
Kelowna, British Columbia, Canada MINDS is a provider in plant automation control systems and cloud-based data management in the asphalt industry. The company develops user-friendly, advanced, customizable plant automation control systems for drum, batch, combo/hybrid hot mix plants, emulsion plants, liquid terminals, silo load-out, ticketing, and data management for the asphalt industry. MINDS was founded in 1994 and is based in Kelowna, British Columbia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-12-04 |
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. |
Buy | - |
Right Lane Capital is a private holding company focused on acquiring lower-middle market ($5 to $100 million of revenue) companies with no investment horizon. The Firm prefers industrial businesses including equipment manufacturing, component manufacturing, industrial services, specialty distribution, agriculture, and power generation. Prospective transaction situations include take privates, buyouts, divestitures, distressed situations, and recapitalizations. Right Lane Capital is headquartered in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Machinery M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: Missouri M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-31 |
London Machinery
London, Ontario, Canada London Machinery is a manufacturer of concrete mixers trucks. London Machinery as a sole distributor of McNeilus refuse trucks, we offer a complete line of severe duty products. London Machinery was founded in 1906 and is based in London, Ontario. |
Buy | - |
