Astec Industries
Astec Industries, Inc. is a technology company founded in 1972 and headquartered in Chattanooga, Tennessee. It specializes in the design and manufacture of equipment and components used in road construction, aggregate processing, and various industrial applications, including oil and gas drilling and wood processing. The company offers a comprehensive range of products that facilitate the entire road building process, from mining and crushing materials to laying the road surface. Astec operates through two primary segments: infrastructure solutions, which generates the majority of its revenue, and materials solutions. The company primarily serves customers in the United States, including asphalt producers, highway contractors, and ready-mix concrete producers. Renowned for its commitment to customer service, Astec Industries has established itself as a global leader in its field.
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5 past transactions
TerraSource Global
Acquisition in 2025
TerraSource Global is a manufacturer based in Saint Louis, Missouri, specializing in equipment for material processing and handling. The company produces a diverse range of machines, including size reduction equipment, screening and processing equipment, pneumatic conveyors, feeders, and storage and reclaim systems. TerraSource Global offers expert engineering services and auxiliary equipment support tailored to integrate seamlessly with customers' processing needs. By focusing on the movement, crushing, and processing of various materials, the company provides comprehensive solutions designed to enhance operational efficiency across multiple industries.
MINDS Automation Group
Acquisition in 2022
MINDS Automation Group is in plant automation control systems and cloud-based data management in the asphalt industry.
RexCon
Acquisition in 2017
RexCon is a manufacturer of high-quality stationary and portable concrete manufacturing equipment tailored for the construction industry. The company specializes in producing central mix and ready mix concrete batch plants, concrete mixers, and paving equipment. RexCon provides a comprehensive range of products, including customized site layout and design engineering, water heaters, chillers, ice production and delivery systems, material handling conveyors, power distribution systems, cement silos, and batch automation controls. Their commitment to utilizing top-of-the-line components, combined with extensive expertise in concrete production and paving, ensures the delivery of superior equipment to contractors and producers worldwide.
Power Flame
Acquisition in 2016
Power Flame Incorporated is a manufacturer specializing in combustion equipment for commercial, industrial, and process applications. The company produces a range of products, including gas, oil, and combination gas/oil burners, as well as low NOx burners and combustion control systems. Power Flame is recognized for its environmentally conscious designs and commitment to quality, utilizing high-grade materials and skilled professionals in its manufacturing processes. With over 50 years of experience, the company emphasizes continuous research and development to ensure timely production and superior service. Its offerings also include fuel transport systems, such as oil pumps and triplex pump sets, catering to various industry needs.
Telestack
Acquisition in 2014
Telestack Limited, established in May 1999 in Co. Tyrone, Northern Ireland, specializes in the design, manufacture, installation, and commissioning of mobile bulk material handling systems. Originally a division of Loughside Engineering, the company focuses on providing innovative solutions for the coal, mining, and quarry industries. Telestack's products are widely utilized in various sectors, including ports, aggregates, and mining, ensuring efficient handling of bulk materials. With a commitment to quality and reliability, Telestack has positioned itself as a leader in the materials handling market.
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