DALLAS – CECO Environmental Corp (CECO) has announced it has completed the acquisition of Transcend Solutions, LLC (Transcend), a Houston-based process filtration solution design and manufacturing company with applications in hydrocarbon and chemical processing.
Transcend is the second acquisition for CECO in 2023, following the previously announced deal for U.K.-based Wakefield Acoustics Ltd. in January 2023 and four transactions in 2022, continuing CECO's steady execution of its programmatic M&A strategy launched in early 2022.
"Transcend Solutions has been a key supplier-partner for CECO. We have a great relationship with the company and its management team, and they are already aligned with our Separation-Filtration strategy," said Todd Gleason, chief executive officer, CECO Environmental Corp.
Transcend's current president and chief executive officer, Matt Thundyil, Ph.D., will remain with the company as general manager under CECO's Separation and Filtration platform to lead the business and drive strategic growth. "CECO provides the balance sheet and customer access to bring Transcend's technology and people to bear on solving critical contamination challenges in the process industry. Working even more closely together, I am confident in our ability to accelerate growth," said Dr. Thundyil.