AZZ incorporated (AZZ) announced the successful completion of the acquisition of Aquilex Specialty Repair and Overhaul LLC, a global leader in maintenance, repair and revitalization services to the nuclear and fossil fuel power generation markets, as well as the refining and industrial markets.
Commenting on the acquisition, the company said it is a part of the stated AZZ strategy to expand its offerings in the Electrical and Industrial Products Segment and to enhance its market presence in the company's primary served markets.
Aquilex SRO's proprietary processes and highly-engineered technology solutions provide unique life extension options for critical plant infrastructure utilizing proprietary automated equipment and a specialized work force.
Existing operating management has agreed to remain with the company and the acquisition is anticipated to be accretive in the first year of operation, AZZ stated.
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