BWXT acquires Kinectrics
Torys acted as counsel to Kinectrics with a team led by Krista Hill and that included Jesse Leonard, Mike Meguid, Emily Stauffer and Caroline Marful (corporate/M&A), Dany Assaf, Rebecca Wagner and Eric Patenaude (competition), Stephanie Kalinowski, Darryl Hiscocks and Jenifer Elmy (pensions), Jerald Wortsman and Benjamin Mann (Canadian tax), Peter Keenan and Chris Saki (U.S. tax).
On May 20, 2025, BWX Technologies, Inc. (“BWXT”) successfully completed its acquisition of Kinectrics Inc. (“Kinectrics”).
Originally announced on January 7, 2025, BWXT agreed to acquire Kinectrics for approximately US$525 million, including assumption of Kinectrics’ net pension and debt liabilities, and estimated transaction expenses.
With the closing of the transaction, Kinectrics will operate as a subsidiary of BWXT, and its financial results reported within BWXT’s Commercial Operations segment. The acquisition nearly doubles the workforce of BWXT’s Commercial Operations group and enables an expanded portfolio of products and services for current and new customers, including lifecycle management, specialized plant services and engineering, to support the North American and international nuclear markets.
Further information can be found on Business Wire’s website.
Kinectrics is a leading provider of lifecycle management services for the global nuclear power and transmission and distribution markets, and in the production and supply of isotopes for the radiopharmaceutical industry.
A U.S.-based company, BWX Technologies is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration.