The Kemco acquisition enhances Ceco's North American presence, adding new energy conservation and water recycling solutions, and expanding the addressable market into new high-value food processing, commercial laundry, and ready-mix concrete markets.
With an installed base of more than 7,000 systems, Kemco had revenues of approximately US$22 million in 2022.
Kemco is Ceco’s third acquisition this year.
“The acquisition of Kemco is another important and strategic step to build upon our already strong and diversified industrial water capabilities, which we have been building with tremendous organic growth execution and the acquisitions of Compass Water, Index Water, DS21, and General Rubber," said Todd Gleason, CEO of Ceco Environmental. "While this acquisition helps expand our North American presence in the water and wastewater treatment market, Ceco also has the opportunity to introduce these water recycling and energy conservation solutions globally as a new offering, especially in regions we already serve where companies are seeking ways to reduce water usage, recycle their wastewater streams, and conserve energy."
Kemco's leadership team will remain with the business and work across Ceco's other industrial water businesses to maximize solution selling and services.
Tom Vanden Heuvel, Vice President and General Manager of Kemco Systems, said: "Working with a group that is placing a greater emphasis on closing the water loop was an important element of our decision-making process. With CECO, we believe our customers will feel the difference that a bigger team with global reach and a broader technology base has to offer."
