Cemtrex Inc completed its acquisition of Richland Industries LLC on 2026-02-05, according to the Form 8-K Cemtrex Inc filed with the SEC on 2026-02-11. The filing states a price of $600,000.
| Acquirer | Cemtrex Inc |
|---|---|
| Acquired | Richland Industries LLC |
| Completed | 2026-02-05 |
| Price stated in the filing | $600,000 |
| Reported by | Cemtrex Inc (CETX), the buyer |
| Filing | Form 8-K, filed 2026-02-11 |
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What the filing says
On February 5, 2026, Cemtrex, Inc. (the "Company"), through its wholly owned subsidiary Advanced Industrial Services ("AIS"), completed the acquisition of substantially all of the assets of Richland Industries LLC, a Tennessee limited liability company ("Richland") pursuant to an Asset Purchase Agreement dated February 5, 2026 (the "Asset Purchase Agreement") by and among AIS Tennessee, Inc., a newly formed wholly owned subsidiary of AIS ("Buyer"), Richland, and Joseph Whelan Jr, an individual residing in state of Tennessee ("the "Owner" and collectively with the Richland, the "Seller Parties").
The price, in the filing's words
The purchase price for the business assets was $600,000, which was financed through a note payable issued by Fulton Bank.
More from the filing
As a result of the transaction, Richland's business operations have been integrated into the Company's Industrial Services Segment, and Buyer has become the owner of the acquired assets.
Concurrently, AIS Leasing Company, another wholly owned subsidiary of the Company, acquired Richland's primary operating facility located at 1905 Mine Road, Pulaski, Tennessee (the "Facility") from RI Real Estate, LLC pursuant to a Sale Agreement dated February 5, 2026 (the "Real Estate Purchase Agreement").
This note carries interest of 6.09% and matures on February 1, 2031.
Quoted from Cemtrex Inc's Form 8-K.
Other acquisitions by Cemtrex Inc
| Completed | Acquired | Price stated |
|---|---|---|
| 2026-01-08 | Invocon, Inc. | $7.1 million |
| 2026-07-01 | Plant Engineering Services, Inc. | $3.5 million |
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Get the free SnapshotWhere this comes from
A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.
Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.