Curated News
By: NewsRamp Editorial Staff
November 03, 2026
Market Street Capital Advises Dulworth on $52.2M Sale to L.B. Foster Subsidiary
TLDR
- L.B. Foster acquired Dulworth's wastewater assets for $52.2 million, expanding CXT's precast concrete footprint and market reach.
- Market Street Capital managed the sale process by engaging buyers, coordinating legal counsel, audits, and due diligence through the October 28, 2026 closing.
- The acquisition combines Dulworth's Aeris Aerobics treatment technology with CXT's manufacturing, supporting better residential wastewater solutions.
- Dulworth Enterprises, a family-founded Texas manufacturer, sold its precast wastewater business and Aeris Aerobics line to CXT for $52.2 million.
Impact - Why it Matters
This acquisition strengthens L.B. Foster’s precast concrete footprint and expands its presence in the residential wastewater treatment market, a sector driven by aging infrastructure and increasing environmental regulations. For Dulworth, the deal provides a succession solution for a family-owned business while preserving its legacy and ensuring continued growth under CXT’s ownership. The transaction also signals continued consolidation in the building products and water infrastructure space, where strategic buyers seek to add proprietary technologies and manufacturing capabilities. Investors in L.B. Foster may benefit from synergies and cross-selling opportunities, while customers can expect a broader suite of wastewater solutions.
Summary
Market Street Capital, a boutique investment banking and advisory firm, served as exclusive financial advisor to Dulworth Enterprises Inc. in the sale of substantially all assets of its residential wastewater precast products and Aeris Aerobics® treatment systems business to CXT Incorporated, a subsidiary of L.B. Foster Company (NASDAQ: FSTR). The all-cash transaction, valued at approximately $52.2 million, closed on October 28, 2026. Dulworth, based in Rice, Texas, is a family-founded manufacturer of precast concrete wastewater solutions for the residential market, including its proprietary Aeris Aerobics® line of aerobic treatment technology.
Market Street Capital managed the entire sale process, from engaging prospective buyers to assisting with negotiations through closing. The transaction combines Dulworth’s wastewater treatment products and manufacturing capabilities with CXT’s precast concrete operations, creating a stronger platform in the residential wastewater sector. Tommy Dulworth, Co-Founder and President of Dulworth, praised Market Street Capital for guiding the family through the transaction, including coordinating legal counsel, financial information, audits, and due diligence while allowing management to remain focused on business operations. The firm’s expertise in M&A and capital markets, with over 30 years of combined experience, was instrumental in achieving a successful outcome for the Dulworth family.
Market Street Capital is a boutique investment bank with representatives in Texas, California, Louisiana, New York, and Switzerland, serving clients through strategic advisory, capital raising, and public markets expertise. The announcement was distributed by MissionIR, a specialized communications platform that is part of the Dynamic Brand Portfolio @ IBN, which provides wire solutions via InvestorWire, editorial syndication to 5,000+ outlets, press release enhancement, social media distribution, and corporate communications solutions. For full details, visit https://ibn.fm/l8XMB.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Market Street Capital Advises Dulworth on $52.2M Sale to L.B. Foster Subsidiary
