Mergers & Acquisitions ·
Cemtrex completes acquisition of Plant Engineering Services for $3.57M in cash and contingent earnout
CETXCemtrex Inc
Cemtrex, Inc. completed the acquisition of substantially all assets of Plant Engineering Services, Inc. for a total purchase price of $3,570,424, consisting of $3,220,207 in cash and $859,031 in contingent earnout consideration. The transaction includes up to approximately $1,750,000 in potential future payments based on gross profit targets over three years. Preliminary purchase price allocation records $5,403,782 in goodwill and $419,000 in intangible assets. Cemtrex operates in the industrial services sector.