Centrus Energy buys Westerman Holdings for $116 million, mostly in cash
Centrus Energy Corp. bought 100% of Westerman Holdings, LLC on October 16, 2026, from the trustee of the Westerman Employee Stock Ownership Trust for approximately $116.0 million. Westerman already makes centrifuge casings and other major components for Centrus, and the company says the deal secures that supply chain and diversifies its revenue into non-nuclear markets. Centrus expects the acquisition to be accretive to adjusted earnings per share in the first year after closing, and it issued $21.0 million of Class A common stock as part of the price.
Key points
- Purchase price of approximately $116.0 million, including $95.0 million in cash and $21.0 million in Class A common stock, closed October 16, 2026.
- About $31.5 million went to Westerman subordinated noteholders and $12.7 million to its term loan lender, paid out of the purchase price.
- Centrus expects the deal to be accretive to adjusted EPS in the first year after closing; the price is subject to a customary working capital adjustment.
- Westerman has about 400 employees and four facilities in Ohio, Oklahoma and Wyoming, and Centrus plans to file a shelf registration for the stock issued.
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.