# Elgi Equipment's US arm to acquire 33.33% stake in CS Industrial Services

Elgi Compressors USA Inc, a subsidiary of Elgi Equipment, entered an operating agreement to acquire a 33.33% stake in CS Industrial Services LLC, its exclusive distributor for ELGi compressors in Western New York, for about $125,000. Completion is expected by 31 March 2023.

- Type: Acquisition
- Announced: 2023-03-13
- Where: Western New York, United States
- Value: $125K
- Status: announced
- Products: air compressors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [ELGi Compressors USA](https://endata.com/companies/5965.md) (acquirer)
- [Elgi Equipment](https://endata.com/companies/10357.md) (acquirer)
- [CS Industrial Services](https://endata.com/companies/10358.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/elgi-equipment-gains-after-us-arm-to-acquire-stake-in-cs-industrial-123031300395_1.html), 2023-03-13: "The company will acquire class A shares of $1,00,000 and class B shares of $25,000 and it is expected to be completed till 31th march 2023."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.