Transcend is Ceco Environmental’s second acquisition in 2023, following the previously announced purchase of UK-based Wakefield Acoustics Ltd in January 2023.
“Transcend Solutions has been a key supplier-partner for Ceco. We have a great relationship with the company and its management team, and they are already aligned with our Separation-Filtration strategy,” said Todd Gleason, CEO of Ceco Environmental Corp. “Transcend is a well-managed company led by a very capable team of filtration and separation industry veterans that brings advanced engineering talent with a strong understanding of end-user needs, giving us in-house capability in process design and filter element design.”
David Taylor, general manager, Ceco’s Separation and Filtration platform, said: “We see many opportunities to expand our reach into midstream oil and gas, LNG, hydrocarbon processing, and chemical processing applications, with the greatest opportunity for growth in natural gas and green energy markets. The acquisition fits perfectly within our strategy to enable sustainable solutions and growth in the energy transition and renewable energy markets while pursuing higher margin aftermarket service opportunities at facilities around the globe.”
Transcend’s current president and CEO Matt Thundyil PhD will remain with the company as general manager under Ceco’s Separation and Filtration platform to lead the business and drive strategic growth. “Ceco provides the balance sheet and customer access to bring Transcend’s technology and people to bear on solving critical contamination challenges in the process industry. Working even more closely together, I am confident in our ability to accelerate growth,” said Dr Thundyil.
