Centrus Energy Acquires Westerman Holdings for Approximately $116 Million
Centrus Energy Corp. acquired 100% of the membership interests of Westerman Holdings, LLC, a U.S. equipment manufacturing and engineering firm focused on the energy sector, for approximately $116 million consisting of $95 million in cash and $21 million in shares of Centrus Class A common stock. At closing, Centrus also paid approximately $31.5 million to retire Westerman's subordinated notes and $12.7 million to repay its term loan facility, along with approximately $10.5 million of transaction expenses. The tr...
Read source-backed brief