Thermal Energy acquires Boilerroom Equipment Inc.
Ottawa, ON-based Thermal Energy International Inc., which provides industrial and institutional energy efficiency solutions, Boilerroom Equipment Inc. (BEI) based in Export near Pittsburgh, PA.
The move is part of Thermal Energy’s strategy to develop a broad portfolio of thermal energy efficiency solutions targeted at the industrial, institutional and commercial markets and become a onestop- shop for clients’ thermal energy efficiency and heat recovery needs, whether they need heat recovery for thermal, electrical, drying, cooling or other process needs. The purchase price is $US2.25 million plus other considerations.
Thermal Energy’s proprietary products include GEM™ steam traps, FLU-ACE® direct contact condensing heat recovery and Dry- Rex® low-temperature biomass drying systems.
Similar agreements were signed earlier this year with electrical distributor Westburne in both Ontario and Saskatchewan. Westburne is part of Rexel Canada Electrical Inc.
BEI engineers and manufactures the HEATSPONGE® brand of indirect contact heat recovery units for use in both commercial and industrial steam and hot water applications.
The acquisition is also expected to provide Thermal Energy with: a wider distribution network; expansion into the much larger commercial building and hot water boiler markets; access to BRUCE, a proprietary, scalable, automated proposal development software. An ASME-code fabrication facility in the US will allow for the potential future GEM finishing and stocking and the ability to build FLU-ACE towers.
BEI focuses on the design, engineering and manufacturing of its proprietary HEATSPONGE indirect contact heat recovery systems. The HEATSPONGE SIDEKICK and RAINMAKER enable existing conventional efficiency boilers to be retrofitted to high-efficiency condensing at low cost.
Thermal Energy International Inc. www.thermalenergy.com