Given the company's comprehensive single-source boiler room solutions, including sales, service, and emergency repair for commercial and industrial applications, along with their compliance readiness with ASME Power Piping National Board Repair “R” Stamp, they present a compelling opportunity for our investment thesis focused on recurring revenue in the industrial services sector.
Founder / family association100%
founder_led
“The founder, from a leading engineering firm, partnered with a colleague to incorporate the company”
Visible leadership bench100%
3 named executives: the founder, a partner, a manager
“In 1997, after leading the company, the founder retired and corporate headquarters transferred to a partner”
1984
“On January 1, 1984, the founder, from a leading engineering firm, partnered with a colleague to incorporate the company”
boiler room solutions + sales, service, emergency repair + commercial & industrial
“The company specializes in providing single-source boiler room solutions across a specific region”
Florida; 4 locations: in a major city, a coastal city, a northern city, a southern city
“The company has locations in a major city, a coastal city, a northern city, and a southern city”
Service vs product model100%
service_led
“The company offers commercial & industrial equipment from quality, reputable manufacturers for hot water or process applications”
Recurring-offering indicators100%
yes
“Maintenance programs ensure maximum fuel savings, reliability & safety”
Healthcare, Manufacturing, Entertainment & Resorts, Universities & Colleges, Food & Beverage, Pharmaceutical, Petrochemical, Military & Government
“The company has served numerous clients in various industries to provide them with process steam and comfort heat needed to run their business reliably and efficiently every day”
Acquisition / roll-up readiness100%
yes
“The company acquired a leading engineering firm from the grandson of a notable founder”
2024
“In 2024, the company proudly celebrated 40 years of business with a special weekend event”
Compliance & certifications100%
ASME Power Piping National Board Repair “R” Stamp
“The company holds the ASME Power Piping National Board Repair “R” Stamp”
Ownership status check100%
no
“The resulting ownership is with the company's ESOP Trust and two key managers”
Emergency Service 24 7100%
24/7 Emergency Response
“Skilled technicians offer fully-stocked vehicles with 24/7 emergency service”
yes
“The company has all sizes and types of mobile boiler rental systems”
National Board R stamp
“The company holds the National Board R stamp”