Market Street Capital, a boutique investment banking and advisory firm, announced it served as exclusive financial advisor to Dulworth Enterprises Inc. on 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 approximately $52.2 million cash transaction closed Oct. 28, 2026.
Based in Rice, Texas, Dulworth 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 sale process, engaged prospective buyers and assisted with negotiations through closing. The transaction combines Dulworth’s wastewater treatment products and manufacturing capabilities with CXT’s precast concrete operations.
Dulworth Co-Founder and President Tommy Dulworth credited Market Street Capital with 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 deal highlights the role of specialized advisory firms in facilitating middle-market transactions. For more details on the transaction, see the full press release.
Market Street Capital brings together strategic advisory, capital raising, and public markets expertise, with professionals having more than 30 years of combined M&A and capital markets experience. The firm works with a broad network of institutional investors, family offices, venture capital firms, and lenders on behalf of its clients, and has representatives in Texas, California, Louisiana, New York, and Switzerland. For more information, visit www.marketstreetcp.com.
The acquiring subsidiary, CXT Incorporated, is part of L.B. Foster Company (NASDAQ: FSTR), a publicly traded company. The acquisition of Dulworth’s assets is expected to integrate precast concrete manufacturing capabilities, potentially strengthening CXT’s position in the wastewater treatment market. For investors, the deal may signal continued consolidation in the infrastructure and water management sectors.
The announcement was distributed through MissionIR, a communications platform focused on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. MissionIR is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries.
The transaction underscores the demand for specialized wastewater treatment solutions in the residential market and the importance of experienced financial advisors in navigating complex asset sales. With the deal closed, Dulworth’s proprietary Aeris Aerobics® technology and manufacturing capabilities will now be part of CXT’s precast concrete operations, potentially accelerating the adoption of advanced treatment systems.
