Aspen Manufacturing

CSW Industrials agreed to acquire Aspen Manufacturing, a manufacturer of evaporator coils and air handlers for the HVAC/R industry, for approximately $313.5 million in cash. Aspen is based in Humble, Texas, and had estimated 2024 revenues of $122.4 million.

Aspen Manufacturing completed a plant expansion in Humble, Texas, increasing its facility from 132,000 to 204,000 square feet and adding a dedicated aluminum tube department to produce aluminum tube evaporator coils. The expansion is expected to double production capacity when fully ramped up.