Project Description

EST Group, Inc., a manufacturer of highly engineered heat and cooling management systems for severe service applications in the industrial, energy and defense markets, has been acquired by Curtiss-Wright Corporation (NYSE: CW). Based in Hatfield, Pennsylvania, EST Group has three operating divisions. Expansion Seal Technologies (EST) is the market leader in engineered plugs for heat exchangers, condensers, oil coolers and piping systems. EST Heat Exchanger manufactures heat exchangers for the energy and process industries. EST Field Services provides a comprehensive range of field services for heat management systems.

Curtiss-Wright is a manufacturer of motion and flow control products for the aerospace, defense and industrial markets. EST Group will become a part of Curtiss-Wright Flow Control.

Curtiss-Wright acquired all of the stock of EST Group for $40 million in cash. Philpott Ball & Werner served as advisor to EST Group.