Cleaver-Brooks, a portfolio company of the Harbour Group, has acquired Holman Boiler Works and Affiliated Power Services. Both companies are Texas-based boiler sales and service providers.
“These are two outstanding companies.” said Jeff Fox, Chairman and CEO of Harbour Group. “The sales, service, rental, design and fabrication they deliver leads the industry in their markets. The combination with Cleaver-Brooks, which provides the broadest and best performing energy-efficient, low-emission boiler room solutions in the industry, will further improve their already exceptional customer service.”
Holman Boiler Works is a boiler services provider to commercial and industrial customers. The company provides boiler repair and field service, the rental of mobile steam plants and boilers, rebuilding of boilers for rent, lease or sale, and the sale of new boiler and auxiliary equipment. Holman Boiler was founded in 1947 and is based in Dallas with 12 regional offices in six states (www.holmanboiler.com).
Affiliated Power Services (APS) provides repair and maintenance services for industrial and commercial boilers and marine vessels. In addition to its core service offerings, the company also sells and rents boilers to power, refining, and petrochemical companies, as well as operators of large hotels, hospitals, food processing plants, and other commercial facilities throughout the southwestern United States. Affiliated Power Services is based near Dallas in Lancaster, TX (www.apowerserv.com).
Cleaver-Brooks, acquired by Harbour Group in December 2012, is a designer and manufacturer of fully-integrated proprietary boiler room systems. The company’s boilers, burners, controls, components and accessories are engineered to work together to provide peak energy and efficiency. The company is based north of Tallahassee in Thomasville, GA. The company has nine other facilities, in Wisconsin, Nebraska, Texas, Mexico, Canada, and China (www.cleaver-brooks.com).
“Holman is a leader in providing customer-focused solutions in the boiler sales and service industry throughout the Gulf Coast and the Midwest,” said Cleaver-Brooks’ President and CEO Welch Goggins. “The addition of Holman as well as APS, which has an outstanding reputation in the refining, petrochem, and commercial boiler industry throughout Texas, will enable Cleaver-Brooks to further strengthen our relationships with our customers and better understand and anticipate their needs. We look forward to supporting the management teams and employees from both of these fine organizations to ensure that they continue to excel in boiler room sales and service.”
Harbour Group and its companies are engaged in manufacturing, distribution, and specialty services in multiple industries, including specialty LED systems, niche distribution, logistics services, decorative kitchen and bath hardware, automotive enthusiast products, abrasives, diamond-cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 175 companies in 37 different industries. The company is based in St. Louis (www.harbourgroup.com).
2014 PEPD • Private Equity’s Leading News Magazine • 7-22-14