M&A Deal Summary

Babcock & Wilcox Enterprises Acquires Fosler Construction

On September 15, 2021, Babcock & Wilcox Enterprises acquired construction company Fosler Construction

Acquisition Highlights
  • This is Babcock & Wilcox Enterprises’ 1st transaction in the Construction sector.
  • This is Babcock & Wilcox Enterprises’ 3rd transaction in the United States.
  • This is Babcock & Wilcox Enterprises’ 1st transaction in Illinois.

M&A Deal Summary

Date 2021-09-15
Target Fosler Construction
Sector Construction
Buyer(s) Babcock & Wilcox Enterprises
Deal Type Add-on Acquisition

Target

Fosler Construction

Freeport, Illinois, United States
website
Fosler Construction is a commercial contractor that provides safety, quality of work, and drive for customer satisfaction. The company continually training and educating its workforce to gain knowledge and hands-on experience with changing technologies. Fosler Construction was formed in 1998 and is based in Freeport, Illinois.

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Buyer(S) 1

Buyer

Babcock & Wilcox Enterprises

Akron, Ohio, United States

website


Category Company
Founded 1867
Sector Energy Services and Equipment
Employees2,100
Revenue 890M USD (2022)
DESCRIPTION

Babcock & Wilcox Enterprises is a provider of an advanced energy and environmental technologies and services for the power and industrial markets, with operations, subsidiaries and joint ventures worldwide. Babcock & Wilcox Enterprises was incorporated in 1867 and is based in Akron, Ohio.


DEAL STATS #
Overall 4 of 6
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Loibl

Straubing, Germany

Loibl is a supplier and manufacturer of customer-specific transport solutions for bulk materials, from individual components to complex systems. Loibl was founded in 1961 and is based in Straubing, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 VODA

Vejen, Denmark

VODA is a multi-brand aftermarket parts and service provider for the waste-to-energy and biomass-to-energy markets. VODA is based in Vejen, Denmark.

Buy -