Babcock & Wilcox Acquires Majority Stake in Fosler Construction (Fosler Solar)
September 15, 2021
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.
- Buyers
- Babcock & Wilcox Enterprises, Inc.
- Targets
- Fosler Construction Company Inc. (Fosler Solar)
- Industry
- Energy
- Location
- Illinois, United States
- Transaction Type
- Buyout
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