M&A Deal Summary

Porvair Acquires CECO Environmental - Keystone Filter

On March 1, 2018, Porvair acquired manufacturer CECO Environmental - Keystone Filter from CECO Environmental

Acquisition Highlights
  • This is Porvair’s 2nd transaction in the Manufacturing sector.
  • This is Porvair’s 2nd transaction in the United States.
  • This is Porvair’s 1st transaction in Ohio.

M&A Deal Summary

Date 2018-03-01
Target CECO Environmental - Keystone Filter
Sector Manufacturing
Buyer(s) Porvair
Sellers(s) CECO Environmental
Deal Type Divestiture

Target

CECO Environmental - Keystone Filter

Cincinnati, Ohio, United States
CECO Environmental Corp. - Keystone Filter is a designer and manufacturer of filter cartridges and housings for the food and beverage, drinking water, and chemical process markets in the US.

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Buyer(S) 1

Buyer

Porvair

King's Lynn, United Kingdom

Category Company
Founded 1982
Sector Manufacturing
Employees1,001
Revenue 193M GBP (2024)
DESCRIPTION

Porvair is a developer, designer, and manufacturer of specialist filtration and separation equipment. Porvair was founded in 1982 and is based in King's Lynn, England.


DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-21 J.G. Finneran Associates

Vineland, New Jersey, United States

J.G. Finneran Associates, Inc. is a designer, manufacturer and distributor of specialist laboratory consumables including vials, filters, microplates, closures and ancillary products. J.G. Finneran Associates was founded in 1977 and is based in Vineland, New Jersey.

Buy -

Seller(S) 1

SELLER

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 1 of 4
Sector: Manufacturing M&A 1 of 4
Type: Divestiture M&A Deals 1 of 4
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 PMFG

Dallas, Texas, United States

PMFG, Inc. is a provider of engineered equipment for the abatement of air pollution, the removal of contaminants from gases and liquids, industrial noise control, and heat-transfer through its two business segments — Environmental Systems and Process Products.

Buy $65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-02 Strobic Air

Landsdale, Pennsylvania, United States

Strobic Air Corp. is a manufacturer of specialty fume exhaust systems for pharmaceutical, university, hospital, public health, government, chemical, industrial, and other process industries. Strobic Air Corp. was founded in 1966 and is based in Lansdale, Pennsylvania.

Sell -