A&O Shearman represented CSW Industrials, Inc. in its upsized follow-on public offering of 1,265,000 shares of common stock, including an overallotment option of 165,000 shares exercised by the underwriters at a public offering price of USD285.00 per share. The transaction resulted in gross proceeds to the company of approximately USD360.5 million before deducting underwriting discounts, commissions and offering expenses.
Our highly successful work for CSW Industrials showcases the
firm’s continued growth in Texas and reaffirms A&O
Shearman’s commitment in the region. The transaction was
announced on September 5, 2024 in a press release.
J.P. Morgan, Goldman Sachs & Co. LLC and Truist Securities
acted as joint lead book-running managers for this offering. Wells
Fargo Securities and Citigroup acted as joint book-running
managers. CJS Securities, Comerica Securities, TPH&Co., the
energy business of Perella Weinberg Partners, and Zions Capital
Markets acted as co-managers of the offering. CSW Industrials is a
diversified industrial growth company with industry-leading
operations in three segments: Contractor Solutions, Specialized
Reliability Solutions, and Engineered Building Solutions.
The A&O Shearman team was led by partners Bill Nelson and Emily Leitch (Houston—Capital Markets),
counsel Judy Little (Houston—Capital Markets) and
associate Daniel Kim (Houston—Capital Markets), and included
associates Andrew Meiser and Anna Armao (New York—Compensation,
Governance & ERISA) and Taylor Pugliese (New York—Compensation,
Governance & ERISA).