Babcock & Wilcox Acquires Fossil Power Systems (FPS)

Babcock & Wilcox Acquires Majority Stake in Fosler Construction (Fosler Solar)

September 15, 2021

Energy

Babcock & Wilcox Enterprises, Inc. signed a definitive agreement to acquire a majority ownership stake in Illinois-based solar contractor Fosler Construction (now operating as Fosler Solar), which will become part of B&W's Renewable segment. Paul Fosler will remain CEO and a minority owner; Fosler provides commercial, industrial and utility-scale solar services, employs ~120 people and owns two community solar projects in Illinois.

Babcock & Wilcox Acquires VODA A/S

November 30, 2021

Energy

Babcock & Wilcox Enterprises, Inc. completed the acquisition of VODA A/S, a multi-brand aftermarket parts and service provider for energy plants in Scandinavia. The business will be integrated into B&W's B&W Renewable segment to expand the company's renewable parts and service capabilities and create a platform for growth across Europe.

Babcock Wanson Acquires Steam Plant Engineering

August 2, 2021

Industrial Services

Babcock Wanson Group, supported by majority shareholder Kartesia, has acquired Steam Plant Engineering (SPE), a UK-based specialist in industrial boiler services. The add-on strengthens Babcock Wanson's UK footprint and complements its product offering by adding SPE's fire-tube steam boiler expertise to the group's existing thermal fluid and coil-type boiler capabilities.

SinglePoint Acquires Frontline Power Solutions

August 10, 2022

Energy

SinglePoint, Inc. (OTCQB: SING) acquired Frontline Power Solutions (FPS), a multi-state licensed energy services company that provides energy supply agreements, billing, auditing, and efficiency consulting to commercial, industrial, and institutional clients. The acquisition expands SinglePoint’s capabilities in deregulated energy markets and gives the company access to FPS’s client portfolio and expertise in energy procurement and efficiency services.

Babcock Power Acquires Renewable Concepts Inc.

June 17, 2022

Energy

Babcock Power Inc., through its Babcock Power Renewables LLC subsidiary, acquired substantially all of the assets of Renewable Concepts Inc. and affiliate R. Tinsley Projects Inc. The acquisition adds wind-turbine maintenance, engineering and repair capabilities to Babcock's clean-energy services portfolio; terms were not disclosed.

Wabtec Acquires Bloom Engineering for $69M

December 30, 2024

Industrial Services

Wabtec Corporation has acquired Bloom Engineering, Inc., a Pittsburgh-based provider of industrial burners and combustion systems, for $69 million in cash. The purchase expands Wabtec’s heat transfer and energy solutions capabilities and is expected to be immediately accretive to EPS, with synergies to be realized over the next three years.