M&A Deal Summary

CECO Environmental Acquires Profire Energy

On October 29, 2024, CECO Environmental acquired oil/gas exploration company Profire Energy for 125M USD

Acquisition Highlights
  • This is CECO Environmental’s 1st transaction in the Oil/Gas Exploration sector.
  • This is CECO Environmental’s largest (disclosed) transaction.
  • This is CECO Environmental’s 13th transaction in the United States.
  • This is CECO Environmental’s 1st transaction in Utah.

M&A Deal Summary

Date 2024-10-29
Target Profire Energy
Sector Oil/Gas Exploration
Buyer(s) CECO Environmental
Deal Type Add-on Acquisition
Deal Value 125M USD
Advisor(s) Stephens (Financial)
Mayer Brown (Legal)

Target

Profire Energy

Lindon, Utah, United States
Profire Energy is a burner management technology and combustion control systems that provide mission-critical combustion automation and control solutions and services to improve environmental efficiency, safety and reliability for industrial thermal applications globally. Profire Energy is based in Lindon, Utah.

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Buyer(S) 1

Buyer

CECO Environmental

Dallas, Texas, United States

Category Company
Founded 1869
Sector Environmental
Employees1,200
Revenue 558M USD (2024)
DESCRIPTION

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.


DEAL STATS #
Overall 22 of 22
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 22 of 22
State: Utah M&A 1 of 1
Country: United States M&A 13 of 13
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-23 Kemco Systems

Clearwater, Florida, United States

Kemco Systems provides custom-designed, high-efficiency water heating and water filtration systems. The company’s customers include laundry companies, food manufacturers, textile companies and construction companies. Kemco Systems was founded in 1969 and is based in Clearwater, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-02 Tusk Industrial

Telford, Pennsylvania, United States

Tusk Industrial specializes in tough, high-performance pumping and fluid handling solutions engineered to excel in rugged environments – ensuring reliability where failure isn’t an option. Tusk Industrial designs, manufactures, and services metallic, fiberglass, and thermoplastic pumps for usage within a diverse range of high-temperature, corrosive, and caustic industrial environments, including chemical processing applications. Tusk Industrial is based in Telford, Pennsylvania.

Sell -