CXT Acquires Dulworth Wastewater Precast Assets
CXT Incorporated, a subsidiary of L.B. Foster Company, completed its purchase of Dulworth Enterprises' residential wastewater product lines.
Updated on Nov. 3, 2026 in Corporate Finance
CXT Incorporated acquired substantially all assets of Dulworth Enterprises' residential wastewater precast products and Aeris Aerobics treatment systems business on October 28, 2026. The purchase price was approximately $52.2 million in cash.
Why it matters
The deal expands CXT's residential wastewater offering by adding Dulworth's precast products and its proprietary Aeris Aerobics aerobic treatment technology. It also marks a transaction for a family-founded Texas manufacturer serving the residential market.
CXT paid approximately $52.2 million in cash for substantially all assets of the Dulworth business, which closed on October 28, 2026. The source does not disclose revenue, earnings, or valuation multiples for the acquired operations, nor the terms of any post-closing adjustments.
The players
CXT Incorporated
CXT Incorporated is a subsidiary of L.B. Foster Company, a Nasdaq-listed infrastructure products firm, that serves the water and wastewater infrastructure market.
Dulworth Enterprises
Dulworth Enterprises is a family-founded manufacturer of precast concrete wastewater solutions based in Rice, Texas, known for its Aeris Aerobics treatment line.
Market Street Capital
Market Street Capital is a boutique investment banking and advisory firm with offices in Texas, California, Louisiana, New York, and Switzerland.
The details
CXT Incorporated acquired the residential wastewater precast products and Aeris Aerobics treatment systems business from Dulworth Enterprises, based in Rice, Texas. Market Street Capital, a boutique investment banking firm, served as exclusive financial advisor to Dulworth and managed the marketing process through closing.
Timeline
October 28, 2026: CXT's acquisition of Dulworth's assets closed.
November 3, 2026: Market Street announced its advisory role in the sale.
Market Landscape
The acquisition fits a pattern of infrastructure manufacturers buying specialized residential wastewater producers to widen their product lines. For CXT, adding Dulworth's precast products and Aeris Aerobics systems strengthens its position in a niche segment of the water infrastructure market.
For homeowners and builders in Texas, the deal may affect the sourcing of residential wastewater precast products and Aeris Aerobics treatment systems. The extraction does not indicate any change in pricing, product availability, or service terms for end customers.
The takeaway
Consolidation among wastewater product makers can bring established distribution and technology to regional manufacturers, but the immediate effect on buyers depends on how the combined business is run. Readers tracking infrastructure deals should watch for integration announcements from CXT.
Further reading
For more on deal activity, see Corporate Finance coverage.
