A Universal Deal
11 January 2017
Babcock & Wilcox Enterprises, Inc. (B&W) announced it has acquired Universal Acoustic & Emission Technologies, Inc., a Stoughton, Wisconsin, USA-based provider of custom-engineered acoustic, emissions and filtration solutions.
B&W said the deal was based on an enterprise value of US$55 million, subject to certain adjustments. UniversalAET is expected to generate approximately US$80 million of annual revenue and to be accretive in 2017.
“UniversalAET expands our industrial environmental portfolio into noise abatement, introduces us to new end markets and customers, and gives us another avenue to serve natural gas power generation customers,” said B&W Chairman and Chief Executive Officer E. James Ferland. “This acquisition aligns with our strategy to grow our industrial market exposure and continue to increase our non-coal revenue base.”
UniversalAET is a bolt-on acquisition for B&W MEGTEC, a global supplier of environment control products including selective catalytic and selective non-catalytic reduction (SCR/SNCR) products, oxidizers, fabric filters, wet and dry electrostatic precipitators, solvent recovery systems, scrubbers and distillation equipment. UniversalAET and will be included in B&W’s Industrial operating segment and it will be named Babcock & Wilcox Universal and operate under the trade name B&W Universal.
UniversalAET provides custom-engineered acoustic, emissions control and filtration solutions to the natural gas power generation, mid-stream natural gas pipeline, locomotive and general industrial end markets. UniversalAET employs approximately 460 people, mainly in the U.S. and Mexico. UniversalAET’s product offering includes gas turbine inlet and exhaust systems, custom silencers, filters and custom enclosures.