Ecovyst to sell advanced materials, catalysts segment to TechnipFMC for $556M

Ecovyst (ECVT) announced that it entered into a definitive agreement to sell its advanced materials and catalysts segment to Technip Energies (FTI) for a purchase price of $556M. The transaction represents a 9.8x EBITDA multiple on the segment’s adjusted EBITDA for the year ended December 31, 2024, adjusted for standalone operating costs and employee stock compensation. The closing of the transaction is anticipated in the first quarter of 2026, pending regulatory approvals and satisfaction of customary closing conditions.