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Babcock & Wilcox Enterprises - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Babcock & Wilcox Enterprises M&A Summary

Babcock & Wilcox Enterprises has acquired 8 companies, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 4 assets.

Babcock & Wilcox Enterprises’ largest acquisition to date was in 2016, when it acquired Spig for $175M. It’s largest disclosed sale occurred in 2025, when it sold Babcock & Wilcox Enterprises - Diamond Power to Andritz AG for $177M. Babcock & Wilcox Enterprises has acquired in 2 different US states, and 4 countries. The Company’s most targeted sectors include machinery (50%) and construction (17%).

Babcock & Wilcox Enterprises Business Overview

Where is Babcock & Wilcox Enterprises headquartered?

Babcock & Wilcox Enterprises is headquartered in Akron, Ohio.

What is Babcock & Wilcox Enterprises’ revenue?

Babcock & Wilcox Enterprises disclosed revenue of 717M USD for 2024 and 727M USD for 2023.

How many employees does Babcock & Wilcox Enterprises have?

Babcock & Wilcox Enterprises has 1,900 employees.

What sector is Babcock & Wilcox Enterprises in?

Babcock & Wilcox Enterprises is an energy services and equipment company.

When was Babcock & Wilcox Enterprises founded?

Babcock & Wilcox Enterprises was founded in 1867.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity6
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 8
  • M&A Advisors 1

Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc.

1200 East Market Street, Suite 650,
Akron, Ohio 44305
United States,
(330) 753-4511
www.babcock.com

Babcock & Wilcox Enterprises is a provider of an advanced energy and environmental technologies and services for the power and industrial markets, with operations, subsidiaries and joint ventures worldwide. Babcock & Wilcox Enterprises was incorporated in 1867 and is based in Akron, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.6/yr) # 3 2 1 - - - 6
vol $385M $385M
Sell (0.4/yr) # 2 - - - 1 1 4
vol $124M $177M $301M
  10

Most Recent M&A

Company Date Value Type
Babcock & Wilcox Enterprises - Diamond Power 2025-06-05 177M USD Divestiture
Akron, Ohio
Spig SpA 2024-10-10 - Divestiture
Paruzzaro , Italy
Fossil Power Systems, Inc. 2022-02-01 - Add-on Acquisition
Dartmouth, Nova Scotia · www.fossil.ca
VODA A/S 2021-09-28 - Add-on Acquisition
Vejen, Denmark · www.voda.dk
Fosler Construction Co., Inc. 2021-09-15 - Add-on Acquisition
Freeport, Illinois · www.foslerconstruction.com
Loibl Forderanlagen GmbH 2019-06-25 - Divestiture
Straubing, Germany · www.loibl-group.com
MEGTEC Systems, Inc. 2018-10-08 124M EUR Divestiture
De Pere, Wisconsin · www.megtec.com
Universal Acoustic & Emission Technologies, Inc. 2017-01-11 55M USD Add-on Acquisition
Stoughton, Wisconsin · www.universalaet.com
Spig SpA 2016-05-23 175M EUR Add-on Acquisition
Paruzzaro , Italy
MEGTEC Systems, Inc. 2014-05-13 155M USD Add-on Acquisition
De Pere, Wisconsin · www.megtec.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 3 (50%) 385M (100%) 3 (75%) 124M (41%)
Energy Services and Equipment 1 (17%) - 1 (25%) 177M (59%)
Construction 1 (17%) - - -
Manufacturing 1 (17%) - - -
Total 6 $385M 4 $301M

By Geo

State/Country Buy Value Sell Value
United States 3 210M 2 301M
  Wisconsin 2 210M 1 124M
  Illinois 1 - - -
  Ohio - - 1 177M
Italy 1 175M 1 -
Canada 1 - - -
  Nova Scotia 1 - - -
Denmark 1 - - -
Germany - - 1 -
Domestic 3 (50%) 210M (55%) 2 (50%) 301M (100%)
Cross-border 3 (50%) 175M (45%) 2 (50%) -
Total 6 $385M 4 $301M

Top M&A Advisors

Financial Deals
ACXIT Capital
 1

Deal Values

buy # Total
$100M to $1B 2 $330M
< $100M 1 $55M
TOTAL $385M
Largest Spig SpA
$175M (2016-05-23)
sell # Total
$100M to $1B 2 $301M
TOTAL $301M
Largest Babcock & Wilcox Enterprises - Diamond Power
$177M (2025-06-05)

M&A Connections

Deals
Acquired from
Investor(s)
33%
2 (33%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

717   2% 2024
727   20% 2023
609   15% 2022
711   26% 2021
566   35% 2020
859   20% 2019
1,062   32% 2018
1,558   2% 2017
1,578   11% 2016
1,757   11% 2015
1,590   2014
(millions of USD) Show More Show Less

Employees

1,900

Established

1867

Public

NYSE: BW

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