CSW Industrials, Inc. (NasdaqGS:CSWI) acquired Shoemaker Manufacturing Co. for $43.3 million on December 15, 2021. CSWI funded the transaction with a combination of cash on hand, borrowings under its existing $400 million revolving credit facility and approximately 25,500 shares of common stock issued to the sellers. The terms of the acquisition provide for additional contingent consideration of up to $2 million based on Shoemaker achieving certain financial performance milestones in the first quarter of calendar 2022.

CSW Industrials, Inc. (NasdaqGS:CSWI) completed the acquisition of Shoemaker Manufacturing Co. for $43.5 million on December 15, 2021. The aggregate purchase price was comprised of initial cash consideration of $38.5 million, 25,483 shares of the CSW's common stock valued at $3.0 million at transaction close and additional contingent consideration of up to $2.0 million based on Shoemaker meeting a defined financial target during the quarter ended March 31, 2022.