CECO Environmental Raises Full Year 2023 Outlook, Announces Acquisition of Kemco Systems, a Leader in Industrial Water Recycling and Energy Conservation Solutions
Following the acquisition, the Company announced it has raised its full-year 2023 outlook for revenue and EBITDA.
- Following the acquisition, the Company announced it has raised its full-year 2023 outlook for revenue and EBITDA.
- Kemco, founded in 1969, marks the third acquisition for CECO during 2023, and a continuation of CECO's steady execution of its programmatic M&A strategy.
- The Kemco acquisition enhances CECO's North American presence, extending the Company's industrial water and wastewater treatment applications reach, adding new energy conservation and water recycling solutions, and expanding the addressable market into new high-value food processing, commercial laundry, and ready-mix concrete customer segments and end markets.
- "I am excited to welcome the Kemco team to CECO and confident that the combination will open new growth opportunities across attractive industrial water markets.