Market Street Capital Advises Dulworth Enterprises on Its Sale to CXT Incorporated, a Subsidiary of L.B. Foster Company
Key Highlights
- ➤Dulworth sold substantially all residential wastewater assets to CXT for approximately $52.2 million cash
- ➤Transaction closed October 28, 2026
- ➤CXT is a subsidiary of L.B. Foster Company (FSTR)
- ➤Combination adds Dulworth’s precast products and production capabilities to CXT’s operations
Expert Statements
Tommy Dulworth, Co-Founder & President of Dulworth Enterprises, Inc.
“Market Street Capital was instrumental in helping my brothers and me successfully navigate the sale of our business and negotiate the best possible outcome. Daniel and Sam guided us through every stage—from connecting us with excellent legal counsel to organizing the data room and financial information, coordinating with auditors, and managing the due diligence process. Their hands-on approach allowed us to stay focused on running and growing our business while they kept the transaction moving toward closing. We felt supported, informed, and well represented throughout the process. I would wholeheartedly recommend Market Street Capital to any business owner considering a sale. Thank you, Daniel and Sam, for your dedication, expertise, and commitment to our family’s success.”
HOUSTON, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Market Street Capital (“Market Street”), a boutique investment banking and advisory firm, today announced that it acted as exclusive financial advisor to Dulworth Enterprises, Inc. (“Dulworth”) on its sale to CXT Incorporated (“CXT”), a subsidiary of L.B. Foster Company (Nasdaq: FSTR). 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.
The transaction closed on Oct. 28, 2026, with CXT acquiring substantially all of the assets of Dulworth’s residential wastewater precast products and Aeris Aerobics treatment systems business for approximately $52.2 million in cash, as publicly disclosed by L.B. Foster Company. The combination brings together Dulworth’s products and production capabilities with CXT’s precast concrete operations.
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