BofA Provides Financing to Support CECO Acquisition
CECO Environmental, a provider of air pollution control technology systems, announced it has entered into a definitive agreement to acquire Met-Pro Corporation in a deal valued at $210 million. Met-Pro is a niche-oriented provider of product recovery, pollution control, fluid handling and filtration solutions.
Jefferies LLC served as financial advisor to CECO while William Blair & Company advised Met-Pro, both providing fairness opinions in connection with the transaction.
Bank of America provided CECO committed debt financing of $125 million to support the cash portion of the transaction.