Centrus buys key supplier Westerman for $116M to secure enrichment build-out
What's the deal? Centrus EnergyDealroom has a profile for this one. Try Dealroom → has acquired WestermanDealroom has a profile for this one. Try Dealroom → Holdings, one of its largest suppliers, for about $116 million. The deal, announced October 19, 2026, was funded through roughly $95 million in cash and $21 million in equity, with Westerman becoming a Centrus subsidiary.
What each side does: Centrus supplies nuclear fuel and services. Westerman, founded in 1909, is an industrial fabrication manufacturer with about 400 employees and four facilities in Ohio, Oklahoma, and Wyoming, serving nuclear, oil and gas, and other industrial markets.
What's the endgame? Westerman already makes centrifuge casings and other major components for Centrus. Bringing it in-house secures a critical supplier for Centrus's multi-billion-dollar push to expand uranium-enrichment capacity, while adding non-nuclear work that diversifies revenue beyond its core business.
Why now? The purchase fits a broader US drive to rebuild domestic enrichment capacity. A 2026 federal program awarded $900 million each to Centrus, General Matter, and OranoDealroom has a profile for this one. Try Dealroom →-related efforts, and Centrus is expanding its Piketon plant with new capacity targeted from 2029.
In their words: "Bringing Westerman in-house demonstrates our commitment to securing our supply chain to support our build-out while adding to our capabilities," said Amir Vexler, president and chief executive officer of Centrus.
The company expects the deal to be accretive to adjusted earnings per share in its first year after closing, with lower project costs and greater efficiency from an integrated supply chain. Westerman will keep its name and customer relationships; its chief executive, Jacob Garrett, becomes president of Westerman and a vice president of Centrus.
The signal: As advanced-reactor developers such as X-energy and Antares sign multi-year fuel deals, Centrus is moving to lock down the manufacturing it needs to scale. The strategic payoff will depend on how fast it integrates Westerman and delivers new capacity.
Read more: prnewswire.com
Image credit: NRCgov
