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Ceco Environmental To Acquire Industrial Flow Control Leader Grc

Jan 10, 2022•almost 4 years ago

Acquiring Company

CECO Environmental

Acquired Company

Industrial Flow Control Leader

Natural ResourcesScience And EngineeringEnergyManufacturing

Description

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 Information

Company

CECO Environmental

About

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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed