CECO ENVIRONMENTAL ANNOUNCES COMPLETION OF THE DIVESTITURE OF ITS FLUID HANDLING BUSINESS TO MAY RIVER CAPITAL

CECO Environmental announced it has completed the previously announced divestiture of its Fluid Handling business (also known as its Global Pump Solutions, or GPS, business) contained in its Industrial Process Solutions segment to by May River Capital, effective March 31, 2025.

MAY RIVER CAPITAL ESTABLISHES A NEW FLOW CONTROL PLATFORM, TUSK INDUSTRIAL

May River Capital (“May River”), a Chicago-based private equity firm focused on lower middle market industrial growth companies, announced its acquisition of the Global Pump Solutions business of CECO Environmental Corp. (Nasdaq: CECO), including the highly respected Dean, Fybroc, and Sethco pump brands. Going forward, these three brands will be collectively organized under the parent company, Tusk Industrial, a newly formed portfolio company of May River. Tusk Industrial specializes in tough, high-performance pumping and fluid handling solutions engineered to excel in rugged environments.