Ceco Environmental To Acquire Industrial Flow Control Leader Grc

Ceco Environmental To Acquire Industrial Flow Control Leader Grc

01/10/22, 3:07 PM
Industry
natural resources
science and engineering
energy
manufacturing
CECO Environmental Corp. (Nasdaq: CECE) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today announced it has agreed to acquire industrial flow control leader GRC. The acquisition will be integrated into the company's Effox-Flextor-Mader, Inc. ("EFM") joint venture with Chartwell Investments Entrepreneur & Founder Capital, LLC ("Chief Capital"). The transaction is expected to close by April 2022, subject to customary closing conditions, and will be financed with a mix of cash, debt, and equity from the joint venture.

Company Info

Company
CECO Environmental
Company info
CECO Environmental Corp. is an industrial company focused on environmental solutions, with a strategic focus on advancing its presence in the industrial sector. The company aims to provide high-efficiency solutions to a broader customer base through global market expansion and the introduction of innovative environmental solutions.