Ceco Environmental completes divestiture of fluid handling business

CECO Environmental (CECO) announced it has completed the previously announced divestiture of its Fluid Handling business contained in its Industrial Process Solutions segment to May River Capital, effective March 31, 2025. The enterprise value of the transaction is approximately $110 million, paid in cash at closing. The Company intends to use the proceeds from this transaction to pay down debt and to fund future strategic growth investments. The GPS business consists of three niche leadership severe service industrial metallic, fiberglass and thermoplastic centrifugal pump brands – Dean, Fybroc and Sethco – which joined the CECO family through an acquisition in 2013. The business operates from strategic locations in Indianapolis, Indiana and Telford, Pennsylvania, and services over 1,500 customers globally.