CECO Environmental (CECE) Acquires GRC

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Go back to CECO Environmental (CECE) Acquires GRC

CECO Environmental to Acquire Industrial Flow Control Leader GRC

January 10, 2022 10:00 AM EST

DALLAS, Jan. 10, 2022 /PRNewswire/ -- 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.

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