DivestmentMay 5, 2026, 06:01 PM
Broadwind Sells Abilene Facility for up to $19.5M, Exits Wind Tower Mfg
AI Summary
Broadwind announced the sale of its Abilene, Texas production facility to IES Infrastructure for up to $19.5 million in cash and non-cash consideration. This strategic divestment completes the company's exit from wind tower manufacturing, following a similar sale in 2025. Broadwind will now focus on higher-value, growth-centric power generation and critical infrastructure markets, intending to redeploy capital from the sale into new opportunities. Consequently, the company has withdrawn its full-year 2026 financial guidance.
Key Highlights
- Broadwind sold its Abilene, Texas production facility to IES Infrastructure for up to $19.5 million.
- The divestment marks Broadwind's strategic exit from wind tower manufacturing.
- Heavy Fabrications will lease the facility until September 5, 2026, for an orderly transition.
- The majority of 140 employees are expected to transfer to IES Infrastructure.
- Abilene wind operations generated $56.3 million in revenue and $9.7 million in Adjusted EBITDA in 2025.
- Broadwind withdrew its full-year 2026 financial guidance issued on March 11, 2026.
- The company will relocate its modular pressure reducing systems (PRS) business.
- Broadwind plans to focus on higher-value power generation and critical infrastructure markets.