This report does not constitute a rating action. Revenue should grow about 8% in 2026 , supported by healthy demand across industrial and infrastructure end markets and continued growth in data center-related projects. BCP VI Summit Parent L.P.’s (Chemelex’s) revenue increased 7.4% year over year in the first half of 2026, led by strong contributions in North America, notably of data center projects (which grew 78% year over year in the second quarter). S&P Global Ratings expects sustained demand for the company's leak detection and heat tracing products from both new customers and its established installed base. We also assume good contributions from recurring maintenance, repair, and operations (MRO) projects. The company's 1.1x book-to-bill ratio and $212 million backlog value
