Westinghouse Electric - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

Westinghouse Electric M&A Summary

Westinghouse Electric has acquired 8 companies of its own, including 6 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

It’s largest disclosed sale occurred in 1994, when it sold WESCO International to CD&R for $330M. Westinghouse Electric has acquired in 2 different US states, and 4 countries. The Company’s most targeted sectors include engineering (38%) and business services (25%).

Westinghouse Electric Ownership

Who owns Westinghouse Electric?

Westinghouse Electric is owned by Brookfield Renewable Partners and Cameco. It was acquired on November 3, 2023.

Was Westinghouse Electric formerly PE-backed?

Yes. Westinghouse Electric was formerly owned by 1 private investor.

Westinghouse Electric Business Overview

Where is Westinghouse Electric headquartered?

Westinghouse Electric is headquartered in Cranberry Township, Pennsylvania.

What sector is Westinghouse Electric in?

Westinghouse Electric is an energy services and equipment company.

When was Westinghouse Electric founded?

Westinghouse Electric was founded in 1884.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity8
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 6

Westinghouse Electric

Westinghouse Electric Co. LLC

1000 Westinghouse Drive ,
Cranberry Township, Pennsylvania 16066
United States,
(844) 238-4380
www.westinghousenuclear.com

Westinghouse Electric is providing nuclear energy technologies, products and services to utilities around the world. Its mission is to focus on a much broader goal; using the power of intellect, collaboration and innovation to build on the legacy of our founder, and to create a cleaner, safer and sustainable carbon-free future for generations to follow. Westinghouse Electric was founded in 1884 and is based in Cranberry Township, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 4 2 1 1 - - 8
Sell (0.0/yr) # 2 - - - - - 2
vol $330M $330M
  10

Most Recent M&A

Company Date Value Type
Bartlett Holdings, Inc. 2022-04-14 - Add-on Acquisition
Weymouth, Massachusetts · www.bhienergy.com
Laveer Engineering 2021-05-03 - Add-on Acquisition
Burlington, Ontario · www.laveer.ca
Rolls-Royce North America, Inc. - Civil Nuclear Systems & Services 2020-01-31 - Divestiture
Reston, Virginia
Inspection Consultants Ltd. (InCon) 2020-01-08 - Add-on Acquisition
Ellesmere Port, United Kingdom · www.incon.co.uk
Rolls Royce Holdings plc - Civil Nuclear Business 2019-09-26 - Divestiture
London, United Kingdom
NA Engineering Associates, Inc. 2019-07-22 - Add-on Acquisition
Stratford, Ontario · www.naeng.com
CB&I Stone & Webster, Inc. 2015-10-27 - Divestiture
Boston, Massachusetts · www.stonewebinc.com
Astare SA 2007-10-01 - Add-on Acquisition
Orsay, France · www.astare.fr
WESCO International Inc. 1994-02-01 330M USD Divestiture
Pittsburgh, Pennsylvania · www.wesco.com
Tcom LP 1989-11-29 - Divestiture
Columbia, Maryland · www.tcomlp.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Bartlett Holdings, Inc. 2022-04-14 BHI Power Delivery 2022-09-28 1
Weymouth, Massachusetts · www.bhienergy.com , Florida

M&A by Sector

Sector Buy # Value Sell # Value
Engineering 3 (38%) - - -
Business Services 2 (25%) - - -
Construction 1 (13%) - - -
Manufacturing 1 (13%) - - -
Test/Measurement Equipment 1 (13%) - - -
Aerospace - - 1 (50%) -
Distribution - - 1 (50%) 330M (100%)
Total 8 - 2 $330M

By Geo

State/Country Buy Value Sell Value
United States 3 - 2 330M
  Massachusetts 2 - - -
  Virginia 1 - - -
  Pennsylvania - - 1 330M
  Maryland - - 1 -
Canada 2 - - -
  Ontario 2 - - -
United Kingdom 2 - - -
France 1 - - -
Domestic 3 (38%) - 2 (100%) 330M (100%)
Cross-border 5 (63%) - - -
Total 8 - 2 $330M

Deal Values

sell # Total
$100M to $1B 1 $330M
TOTAL $330M
Largest WESCO International Inc.
$330M (1994-02-01)

M&A Connections

Deals
Acquired from
Investor(s)
13%
1 (13%)
Strategic(s)
38%
3 (38%)
Divested to
Investor(s)
100%
2 (100%)

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