Industrial Process Heating Supplier & Servicer

The Company is a supplier and servicer of industrial process heating and biomass combustion equipment across the United States and Canada. The Company supports wood-based panel manufacturers with original equipment manufacturer (OEM) parts and technical services for thermal oil heating systems. Committed to quality, efficiency, and unmatched customer service, the Company ensures reliable industrial heating equipment solutions for its customers.

· The Company demonstrated strong profitability, maintaining an
average adjusted EBITDA margin of 30.8% from 2021 to 2024
· With immediate access to over 200 critical parts in inventory, the
Company ensures minimal downtime and rapid response to urgent
repair needs, offering exceptional customer service 365 days a
year
· The Company excels in service delivery, completing normal repairs
within a 2-day turnaround and providing specialized pump
rebuilds, ensuring optimal system performance and extended
equipment lifespan
· The Company has built a diversified and loyal customer base,
serving 48 unique customers within the wood products industry
· Financials as of 12/24
REF-BN000054859

Opportunities
· Utilize the Company’s strong reputation and efficient supply
chain to expand beyond its current geographic footprint and
target new regional markets with high demand for thermal oil
systems
· Strengthen the Company’s position by forming new partnerships
with engineering firms and expanding marketing efforts,
boosting referrals and fostering new strategic relationships
· Tap into the growing government investment in manufacturing,
construction, and renewable energy sectors to drive sales and
expand the customer base
· Leverage the projected 2.7% compound annual growth rate
(CAGR) of the industrial supplies wholesaling market, reaching
$111.7 billion by the end of 2024, to capture a larger share of this growing industry, according to IBIS World