B&W acquires Universal Acoustic & Emission Technologies Inc.

• 7 years ago (2017-01-12)
• David Flin

Emissions 57

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Babcock & Wilcox Enterprises (B&W) has acquired Universal Acoustic & Emission Technologies, Inc. (UAET), a Wisconsin-based provider of custom-engineered acoustic, emission, and filtration solutions. UAET is a bolt-on acquisition for B&W, and will be included in B&W’s Industrial operating segment. The new company will be called Babcock & Wilcox Universal, and operate under the trade name B&W Universal.

UAET provides custom acoustic, emission, and filtration solutions to natural gas power generation markets, including gas turbine inlet and exhaust systems, silencers, filters, and custom enclosures.

The deal is based on an enterprise value of $55 million, subject to certain adjustments. UAET is expected to generate approximately $80 million of annual revenue, and to be accretive in 2017.

James Ferland, Chairman and CEO of B&W, said: “UAET 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. This acquisition aligns with our strategy to grow our industrial market exposure and continue to increase our non-coal revenue base.”