Foley Represents CECO Environmental in Proposed $125 Million Acquisition of Profire Energy Inc.

Foley & Lardner represented CECO Environmental Corp. in the negotiation of its agreement to acquire Profire Energy, Inc., a leader in burner management technology and combustion control systems that provide mission critical combustion automation and control solutions and services to improve environmental efficiency, safety, and reliability for industrial thermal applications globally.  

CECO Environmental’ s $125 million proposed acquisition is an important step in the company’s ongoing execution of programmatic M&A and is expected to further advance its position as the leading environmental solutions provider in industrial markets.

CECO Environmental is a leading environmentally focused, diversified industrial company, serving a broad landscape of industrial air, industrial water, and energy transition markets across the globe through its key business segments: Engineered Systems and Industrial Process Solutions. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect people, the environment and industrial equipment.

The Foley deal team was led by partners Steven Cade, Jessica Lochmann, and Clyde Tinnen.