M&A Deal Summary

Thermogenics Acquires Matt Marshall

On May 8, 2024, Thermogenics acquired business services company Matt Marshall

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

M&A Deal Summary
Date 2024-05-08
Target Matt Marshall
Sector Business Services
Buyer(s) Thermogenics
Deal Type Add-on Acquisition

Target

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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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 2 of 4
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 2 of 4
State (North Carolina) 1 of 1
Country (United States) 2 of 4
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-27 Yown s Boiler & Furnace Service

Jacksonville, Florida, United States

Yown's Boiler & Furnace Service, Inc. is a full-service boiler and industrial process burner company providing sales, service installation and repairs of boilers, pressure vessels, piping systems, and industrial combustion applications. The company has established a strong reputation for delivering exceptional customer service with the support of its valued vendor partners and dedicated field service team. Yown's was founded in 1979 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 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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