Acquisition History / Astec Industries, Inc. / TerraSource Holdings, LLC
Astec Industries, Inc. Acquires TerraSource Holdings, LLC
Announced April 28, 2025 — $245M
What happened
Astec completed its acquisition of TerraSource Holdings on July 1, 2025 under a membership interest purchase agreement dated April 28, 2025 with sellers including RLI TSG Holdings and Milacron. Total consideration at closing was $245.0M in cash on a cash-free, debt-free basis, subject to a customary purchase price adjustment.
- Acquirer
- Astec Industries, Inc.
- Target
- TerraSource Holdings, LLC
- Announced
- April 28, 2025
- Price
- $245M
- Industry
- Material processing equipment
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Astec Industries, Inc. acquire TerraSource Holdings, LLC?
Astec Industries, Inc. acquired TerraSource Holdings, LLC on April 28, 2025. This was Astec Industries, Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Astec Industries, Inc. pay for TerraSource Holdings, LLC?
Astec Industries, Inc. paid $245M for TerraSource Holdings, LLC.
What does TerraSource Holdings, LLC do?
Astec completed its acquisition of TerraSource Holdings on July 1, 2025 under a membership interest purchase agreement dated April 28, 2025 with sellers including RLI TSG Holdings and Milacron. Total consideration at closing was $245.0M in cash on a cash-free, debt-free basis, subject to a customary purchase price adjustment.
What other Material processing equipment companies has Astec Industries, Inc. acquired?
TerraSource Holdings, LLC is Astec Industries, Inc.'s only publicly tracked acquisition in Material processing equipment so far.