BWXT to acquire heavy manufacturer for nuclear production

Lynchburg-based nuclear components and fuel manufacturer BWX Technologies has entered into a definitive agreement to acquire Pennsylvania-based manufacturer Precision Components Group, BWXT announced Monday.

PCG is a privately held manufacturer of complex, heavy-walled and heat-transfer components, and the acquisition will grow BWXT’s commercial nuclear production capacity, according to a news release. PCG generated approximately $125 million in 2025 revenue.

Financial terms of the transaction, expected to close in the second half of 2026, were not disclosed.

“As nuclear demand accelerates across North America, BWXT is committed to providing the capacity and speed that the commercial nuclear industry requires,” BWXT President and CEO Rex D. Geveden said in a statement. “This acquisition creates an immediate commercial manufacturing footprint for BWXT that complements our existing service offerings to U.S. customers.”

The acquisition will add more than 500,000 square feet of heavy manufacturing capacity and more than 400 employees to BWXT. It includes PCG subsidiaries Precision Custom Components and DC Fabricators.

Based in Pennsylvania, PCC manufactures custom-fabricated heavy pressure vessels, reactors, casks and other heavy-walled components for nuclear, commercial and government uses. Its facility has approximately 400,000 square feet of manufacturing space.

DCF, based in New Jersey, designs and manufactures steam condensers, heat exchangers and large-envelope weldments for commercial and government heat-transfer and industrial uses. Located on a 25-acre site with barge-loading capability, the DCF facility has about 125,000 square feet of fabrication and machining space.

PCG will join BWXT’s commercial operations segment and continue operating at its current facilities.

PCG, PCC and DCF “have built a strong legacy of precision manufacturing, technical excellence and unwavering commitment to our customers,” PCG President and CEO Gary Butler said in a statement. “Becoming part of BWXT enables us to advance that mission with greater scale, resources and opportunity for our employees.”

PCG will also continue existing work like components and services for General Dynamics Electric Boat, Bechtel Plant Machinery and other U.S. Navy work.

A Fortune 1000 company, BWXT has approximately 10,000 employees and owns and operates 17 manufacturing facilities globally. It supports the U.S. and Canadian governments at more than 24 additional locations. It reported more than $3.19 billion in 2025 revenue, up 18% from 2024.