CECO Environmental Corp. (NasdaqGS:CECO) acquired Wakefield Acoustics Limited on January 10, 2023. The consideration paid by the CECO Environmental Corp. $4.1 million in cash, which was financed with a draw on the Company's revolving credit facility, and $0.4 million of deferred cash consideration. Wakefield's current managing director, Kevin Stills, will remain with Wakefield and work within Thermal Acoustics and across CECO.

CECO Environmental Corp. (NasdaqGS:CECO) completed the acquisition of Wakefield Acoustics Limited for $5 million on January 10, 2023. The deal value was financed using a combination of cash and debt under the CECO 's existing Credit Facility, as well as a potential earnout payment to the sellers.