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Audax Private Equity Announces Strategic Investment In Thermogenics

Jun 02, 2022•over 3 years ago
Boston

Description

Audax Private Equity (“Audax”) today announced it has acquired Thermogenics, Inc. (“Thermogenics” or the “Company”), a leading North American provider of boiler service & maintenance, equipment sales and rentals, from Ironbridge Equity Partners and certain other minority investors. Financial terms of the transaction were not disclosed. Thermogenics represents the first investment by Audax’ Origins Fund I.

Company Information

Company

Thermogenics

Location

Boston, Massachusetts, United States

About

Thermogenics is a leading North American manufacturer of coiled tube steam, hot water and thermal fluid boilers and related equipment. This product portfolio is primarily used within industrial, commercial and institutional applications serving a variety of end markets including healthcare and hospitals, food and beverage and pharmaceutical. The Company also provides best-in-class parts and 24/7 service support delivered via factory-trained technicians, and manages a fleet of unique rental boilers to serve temporary or emergency needs. With its comprehensive product and service offering, Thermogenics functions as a one-stop shop for all of its customers’ most complex steam and heating requirements. The company operates from its head office in Aurora, ON and maintains operations in Jacksonville, FL, Cincinnati, OH, and Ottawa, ON.