CECO Environmental - M&A Summary and Business Overview

EnvironmentalCompany

CECO Environmental M&A Summary

CECO Environmental has acquired 22 companies, including 9 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 3 assets.

CECO Environmental’s largest acquisition to date was in 2024, when it acquired Profire Energy for $125M. CECO Environmental has acquired in 8 different US states, and 7 countries. The Company’s most targeted sectors include machinery (41%) and manufacturing (23%).

CECO Environmental Business Overview

Where is CECO Environmental headquartered?

CECO Environmental is headquartered in Dallas, Texas.

What is CECO Environmental’s revenue?

CECO Environmental disclosed revenue of 545M USD for 2023 and 423M USD for 2022.

How many employees does CECO Environmental have?

CECO Environmental has 1,200 employees.

What sector is CECO Environmental in?

CECO Environmental is an environmental company.

When was CECO Environmental founded?

CECO Environmental was founded in 1869.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity22
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 6
  • M&A Advisors 3

CECO Environmental

CECO Environmental Corp.

14651 North Dallas Parkway, Suite 500,
Dallas, Texas 75254
United States,
(214) 357-6181
www.cecoenviro.com

CECO Environmental is an environmental technology company focused on critical solutions in the air pollution control (APC), energy and fluid handling, and filtration industries. CECO Environmental was foundedin 1869 and is based in Dallas, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.8/yr) # 13 1 - 5 2 1 22
vol $142M $125M $267M
Sell (0.0/yr) # 3 - - - - - 3
  25

Most Recent M&A

Company Date Value Type
Profire Energy, Inc. 2024-10-29 125M USD Add-on Acquisition
Lindon, Utah · www.profireenergy.com
Kemco Systems 2023-08-23 - Add-on Acquisition
Clearwater, Florida · www.kemcosystems.com
Wakefield Acoustics Ltd. 2023-01-10 - Add-on Acquisition
Heckmondwike, United Kingdom · www.wakefieldacoustics.co.uk
DS21 Co., Ltd. 2022-10-03 - Add-on Acquisition
Incheon, South Korea · www.ds21.kr
Western Air Ducts (UK) Ltd. 2022-06-27 - Add-on Acquisition
Frome, United Kingdom · www.westernairducts.co.uk
Compass Water Solutions, Inc. 2022-05-10 - Add-on Acquisition
Tustin, California · www.compasswater.com
Index Water 2022-04-07 - Add-on Acquisition
, United Arab Emirates
General Rubber LLC 2022-01-10 - Add-on Acquisition
Venice, Florida · www.general-rubber.com
Environmental Integrated Solutions Ltd. 2020-06-04 - Add-on Acquisition
Birmingham, United Kingdom · www.eisuk.co.u
CECO Environmental Corp. - Zhongli Business 2018-10-29 - Divestiture
Jiangsu, China
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 9 (41%) 103M (39%) - -
Manufacturing 5 (23%) - 3 (100%) -
Environmental 3 (14%) - - -
Business Services 2 (9%) - - -
Electrical Equipment 1 (5%) - - -
Energy Services and Equipment 1 (5%) 39M (15%) - -
Oil/Gas Exploration 1 (5%) 125M (47%) - -
Total 22 $267M 3 -

By Geo

State/Country Buy Value Sell Value
United States 13 228M 2 -
  California 4 - - -
  Texas 2 65M - -
  Florida 2 - - -
  Pennsylvania 1 - 1 -
  Ohio 1 - 1 -
  Utah 1 125M - -
  New York 1 38M - -
China 2 - 1 -
United Kingdom 3 - - -
Canada 1 - - -
  Quebec 1 - - -
Netherlands 1 39M - -
South Korea 1 - - -
United Arab Emirates 1 - - -
Domestic 13 (59%) 228M (85%) 2 (67%) -
Cross-border 9 (41%) 39M (15%) 1 (33%) -
Total 22 $267M 3 -

Top M&A Advisors

Financial Deals
KPMG Corporate Finance LLC
1
Legal Deals
Foley & Lardner
1
Dykema Gossett
1

Deal Values

buy # Total
$100M to $1B 1 $125M
< $100M 3 $142M
TOTAL $267M
Largest Profire Energy, Inc.
$125M (2024-10-29)

M&A Connections

Deals
Acquired from
Investor(s)
14%
3 (14%)
Divested to
Strategic(s)
100%
3 (100%)

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