M&A Deal Summary

Thermogenics Acquires High Desert Mechanical

On August 22, 2024, Thermogenics acquired business services company High Desert Mechanical

Acquisition Highlights
  • This is Thermogenics’ 2nd transaction in the Business Services sector.
  • This is Thermogenics’ 3rd transaction in the United States.
  • This is Thermogenics’ 1st transaction in Arizona.

M&A Deal Summary
Date 2024-08-22
Target High Desert Mechanical
Sector Business Services
Buyer(s) Thermogenics
Deal Type Add-on Acquisition

Target

High Desert Mechanical

Apache Junction, Arizona, United States
High Desert Mechanical has been serving industrial and commercial customers across hospitals, mining, food and beverage and manufacturing industries. They offer 24/7 service, specializing in controls, fabrication, maintenance, and ASME welding. High Desert Mechanical is based in Apache Junction, Arizona

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Buyer(S) 1

Buyer

Thermogenics

Aurora, Ontario, Canada
Category Company
Founded 1975
Sector Machinery
DESCRIPTION

Thermogenics is a manufacturer of coil-tube steam and hot-water boilers and related equipment used in industrial, commercial, and institutional applications in the North American market. Thermogenics was founded in 1975 and is based in Aurora, Ontario.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Arizona) 1 of 1
Country (United States) 3 of 3
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-08 Matt Marshall

Greensboro, North Carolina, United States

Matt Marshall specializes in comprehensive boiler room solutions, including sales, 24/7 boiler service, installation, repair, and boiler rentals. Matt Marshall is based in Greensboro, North Carolina.

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