Babcock & Wilcox Enterprises, Inc. (NYSE:BW) signed a definitive agreement to acquire a 60% stake in Fosler Construction Company Inc. on September 15, 2021. Fosler Construction will be part of B&W’s Renewable segment and will continue to be led by its Chief Executive Officer Paul Fosler, who will retain a minority ownership in the company. The Fosler Construction employees will also join B&W. The transaction is subject to customary closing conditions and is expected to close at the end of September 2021.