Astec acquires TerraSource Holdings, LLC for US$245M
On July 1, 2025, Astec Industries completed its acquisition of TerraSource Holdings, LLC for US$245 million, emphasizing the expected synergies and growth opportunities to enhance its market presence and financial profile.
Astec Industries, based in Chattanooga, Tennessee, specializes in manufacturing equipment for the infrastructure, aggregate, and mining industries, providing innovative solutions for road building, asphalt, and concrete production.
McCarthy Tétrault advised Astec Industries with a team led by Heidi Gordon and Victoria de Luna that included Vivian Sy (Business), Caroline-Ariane, Zad Shanab (Labour and Employment), Kelleher Lynch, Julia Miller (Pension, Benefits and Executive Compensation), Michael Caldecott, Will Rooney (Competition/ Antitrust), and Sarit Pandya (Real Property).
