Cemtrex shares surge 17.14% premarket after acquiring Richland Industries to expand industrial services in the Southeast.

Cemtrex surged 17.14% in premarket trading following its announcement that its Advanced Industrial Services subsidiary acquired Richland Industries for $5.5 million, expanding into Tennessee. The deal adds a 70,000-square-foot facility and $8–$10 million in annual revenue potential, aligning with AIS’s strategy to grow its industrial services platform through asset-backed acquisitions. The transaction, financed via debt without equity issuance, underscores disciplined growth and operational scalability, with CEO Saagar Govil highlighting the strategic importance of the Southeast’s industrial and defense markets. The acquisition marks Cemtrex’s second in the fiscal year and reinforces its focus on long-term value creation through geographic expansion and margin-stable operations.