Centrus Energy has acquired Westerman Holdings, LLC, a key U.S. supplier and equipment manufacturer, for a total purchase price of approximately $116.0 million. The acquisition, which closed on October 16, 2026, is intended to secure Centrus's supply chain for its uranium enrichment expansion and diversify its revenue into non-nuclear industrial markets. Westerman will now operate as a wholly-owned subsidiary.
Key Details
- Purchase Price: The total consideration was approximately $116.0 million, paid with $95.0 million in cash and $21.0 million in Centrus' Class A common stock.
- Acquired Company: Westerman Holdings is an equipment manufacturing and engineering firm focused on the energy sector and is a critical supplier of centrifuge components to Centrus.
- Strategic Rationale: The transaction strengthens Centrus' supply chain resilience, diversifies its revenue base, and is expected to be accretive to adjusted earnings per share in the first year.
- Transaction Close: The Membership Interest Purchase Agreement was entered into and the acquisition was completed on October 16, 2026.