Mergers & Acquisitions ·
L.B. Foster acquires Dulworth Enterprises for $52.2M to expand precast concrete capabilities
FSTRFoster L B Co
L.B. Foster Company acquired the operating assets of Dulworth Enterprises Inc. for approximately $52.2 million in cash, closing on October 28, 2026. The transaction expands L.B. Foster's residential wastewater and Aeris aerobic treatment systems portfolio within its Precast Concrete Products business unit. Dulworth is expected to generate annual revenue of roughly $18 million and contribute between $6.5 million and $7.5 million in EBITDA after integration synergies are realized over 12 to 18 months. The acquisition was funded using cash on hand and available funds from the company's existing revolving credit facility. L.B. Foster Company is a global technology solutions provider of products and services for the rail and infrastructure markets.