Core Viewpoint - Cemtrex, Inc. has acquired Richland Industries to expand its Advanced Industrial Services platform into a rapidly growing industrial region in the U.S. [1][8] Group 1: Acquisition Details - The acquisition includes all assets of Richland Industries and establishes a new subsidiary, AIS Tennessee, to operate the business [1][6] - AIS purchased the business assets and property for $5.5 million and assumed certain operating liabilities, financed through loans from Fulton Bank [7] Group 2: Financial Performance - AIS has grown from approximately $21 million in annual revenue in fiscal 2022 to approximately $38 million in fiscal 2025, maintaining consistent gross margins and operating profitability [2] - AIS Tennessee is expected to contribute approximately $8 to $10 million in revenue over the next twelve months based on historical performance and current backlog [6] Group 3: Strategic Importance - The acquisition enhances AIS's capabilities in fabrication, mechanical installation, and industrial services, with a contracted backlog providing near-term revenue visibility [3] - The Pulaski, Tennessee property includes a 70,000 square foot facility on 25 acres, allowing for future expansion and direct access to key Southeastern markets [4][5] Group 4: Long-term Vision - This acquisition marks the fourth owned industrial property in the AIS portfolio, aligning with the company's strategy to own critical real estate to reduce execution risk and support long-term growth [5] - The establishment of AIS Tennessee is seen as a natural extension of AIS's efforts to build scale and deploy a proven operating framework in a new region [6]