Mergers & Acquisitions ·
Centrus acquires Westerman for $116M in cash and stock to secure supply chain
LEUCentrus Energy Corp
Centrus Energy Corp. completed the acquisition of 100% of Westerman Holdings, LLC for approximately $116 million, funded with $95 million in cash and $21 million in Class A common stock. The transaction brings a key centrifuge component supplier in-house to enhance supply chain resilience and diversify revenue through non-nuclear industrial manufacturing. Centrus also settled $31.5 million of Westerman's subordinated notes and repaid a $12.7 million term loan from the purchase price. Centrus Energy Corp. is a trusted American supplier of nuclear fuel and services for the nuclear power industry.