CIC Group

What CIC Group does

CIC Group Inc. is a privately held industrial holding company headquartered in St. Louis, Missouri, operating five wholly-owned subsidiaries that deliver construction, fabrication, maintenance, and engineered equipment services to the global energy and industrial infrastructure sectors. Its operating portfolio includes NOOTER (multi-craft union construction, turnarounds, specialty welding, electrical, and utility services for refineries and power plants), NOOTER/ERIKSEN (thermal design and manufacture of Heat Recovery Steam Generators, fired boilers, waste-to-energy/biomass boilers, concentrated solar power receivers, and enhanced oil recovery steam generators), DELTA (specialized heat exchanger bundle extraction with 66-ton capacity fleet), WYATT (non-union heavy mechanical contracting for refining and petrochemical turnarounds), and NEXT COOLING (cooling towers, air-cooled condensers, and aftermarket services with global operations across Switzerland, South Africa, India, Australia, and Italy). The company also maintains a licensee network in Calgary, Istanbul, Chennai, Monterrey, and Hangzhou for HRSG and heat transfer technology deployment.

The group's core technologies span ASME-certified pressure vessel and boiler fabrication (S, A, U, U2, PP stamps), proprietary specialty welding procedures covering alloys such as Hastelloy, Nickel, and Monel, 3D laser scanning and Virtual Design & Construction for pre-construction planning, and engineered cooling systems designed to CTI standards. CIC Group holds ISO 9001, ISO 14001, and ISO 45001 certifications across multiple subsidiaries, maintains API 653 tank inspector credentials, and operates with an industry-leading Experience Modification Rate of 0.49. Nooter/Eriksen is positioned as the world's leading specialist in sustainable energy management for HRSG design and construction.

CIC Group generates revenue through project-based professional services (turnkey construction, turnarounds, capital projects, specialty welding, bundle extraction), hardware sales (cooling towers, air-cooled condensers, HRSGs, boilers, fabricated pressure vessels), and managed aftermarket services (refurbishment, upgrades, spare parts, performance analysis, on-site inspections). Pricing is quote-based and project-specific with multi-year contract cadences. The go-to-motion is enterprise field sales targeting major industrial facility operators, delivered through direct-hire union and non-union construction crews deployed to client sites, supported by regional sales offices in North America, EMEA, Africa, and Asia Pacific.

Name

CIC Group

Legal name

CIC Group Inc.

Website

https://cicgroup.com

Company type

Private

Founded year

1900

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CIC Group is a privately held St. Louis-based holding company operating five subsidiaries that provide construction, turnaround, fabrication, and engineered equipment services (HRSGs, cooling towers, specialty welding) to the global energy, refining, petrochemical, and power generation industries.

Ownership category

akta.pro rank

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices20 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Construction and Turnaround Services: Project-based revenue from turnkey construction, turnarounds, capital projects, and maintenance services for industrial facilities. Includes multi-craft union and non-union construction workforce.
2. Cooling Equipment Sales: Revenue from manufacturing and supplying cooling towers, air cooled condensers, and related equipment to industrial clients worldwide.
3. Aftermarket Services: Post-installation support including refurbishment, upgrades, spare parts, performance analysis, on-site inspections, and maintenance services for cooling systems.
4. Specialty Welding Services: Automated and semi-automated welding services, pipe fabrication, and specialized welding engineering support for industrial construction and maintenance.
5. Bundle Extraction Services: Specialized heat exchanger bundle extraction services with nationwide coverage, 66-ton capacity fleet of aerial and truck-mounted extractors.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

CIC Group is a privately held holding company that, through five core subsidiaries (NOOTER, NOOTER/ERIKSEN, DELTA, WYATT, NEXT COOLING), provides manufacturing, construction, maintenance and repair services for the oil, gas, coal and other energy industries. The portfolio spans engineered heat-transfer equipment (HRSGs, fired and biomass boilers, cooling towers, air-cooled condensers), multi-craft mechanical and electrical construction, turnarounds, specialty welding, and bundle extraction for industrial facilities.

Product overview

CIC Group is a holding company dedicated to advancing the world's energy infrastructure through five specialty business units. The portfolio includes Next Cooling (cooling towers and air-cooled condensers with global operations), Nooter/Eriksen (HRSGs, fired boilers, WTE/biomass boilers, and solar receivers), Nooter Construction (multi-craft union construction, turnarounds, specialty welding, electrical, and utility services), Wyatt (heavy mechanical contracting for refineries with non-union workforce), and Delta (bundle extraction services). The companies provide end-to-end solutions from equipment design and manufacturing through construction, maintenance, and aftermarket services for power generation, oil and gas, refining, petrochemical, mining, and renewable energy sectors.

Differentiator

Problem solved

Functional benefit

Brands

• NOOTER: Multi-craft union construction services including turnkey construction, turnarounds, capital projects, maintenance, specialty welding, electrical, and process piping.
• NOOTER/ERIKSEN
• DELTA
• WYATT
• NEXT COOLING

Products and services

• Cooling Towers
• Air Cooled Condensers
• Heat Recovery Steam Generators (HRSGs)
• Fired Boilers
• Waste-to-Energy and Biomass Boilers
• Enhanced Oil Recovery Steam Generators
• Concentrated Solar Power Receivers
• Low Low Temperature Economizers (LLTE)
• Turnaround Services
• Mechanical Construction Services
• HRSG Erection Services
• Custom Fabrication Services
• Specialty Welding Services
• Electrical Services
• Utility Services
• Bundle Extraction Services
• Tank Repair and Modification Services
• Capital Construction Services (Wyatt)
• Aftermarket Services

Quantifiable outcome

• EMR of 0.49 (industry-leading safety performance)
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Two partnerships are on record, tiered core and regional.

• Nooter/Eriksen FamilycoreStrategic or Co-development PartnerNext Cooling is a proud member of the Nooter/Eriksen family, bringing decades of global experience, technical mastery, and drive for innovation to every cooling project. The group is united by shared vision of excellence, growth, and commitment to delivering advanced cooling solutions.
• Global Licensees (Calgary, Istanbul, Chennai, Monterrey, Hangzhou)regionalTechnology or IntegrationNooter/Eriksen has established global licensees in Calgary (Canada), Istanbul (Turkey), Chennai (India), Monterrey (Mexico), and Hangzhou (China) for HRSG and heat transfer technology deployment worldwide.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Babcock & Wilcox Enterprises: Babcock & Wilcox (NYSE: BW) is a global leader in steam generation and HRSG technology, competing directly with CIC Group's Nooter/Eriksen subsidiary in the design and manufacture of HRSGs, fired boilers, and waste-to-energy boiler equipment for power generation and industrial customers.
• SPX Cooling Technologies: SPX Cooling Technologies is a division of SPX Technologies (NYSE: SPXC) and one of the largest global manufacturers of cooling towers and air-cooled condensers, directly competing with CIC Group's Next Cooling subsidiary across mechanical draft, natural draft, and hybrid cooling products for power, refining, and process industries.
• EVAPCO: EVAPCO is a leading privately-held global manufacturer of evaporative cooling and industrial refrigeration equipment, directly competing with CIC Group's Next Cooling subsidiary in cooling towers, air-cooled condensers, and heat transfer equipment for power generation, mining, and industrial process applications.
• Matrix Service Company: Matrix Service Company (NASDAQ: MTRX) provides engineering, fabrication, construction, and turnaround services to the energy, power, and industrial markets, directly comparable to CIC Group's Nooter and Wyatt subsidiaries in mechanical construction, refinery turnarounds, and capital project execution.
• Baltimore Aircoil Company (BAC): Baltimore Aircoil Company (part of Amsted Industries) is a global manufacturer of heat transfer and evaporative cooling equipment, directly competing with CIC Group's Next Cooling subsidiary in industrial cooling towers and air-cooled condensers for power generation, HVAC, and process industries.
• Hamon: Hamon (EBR: HAMO) is a Belgian engineering and equipment company specializing in cooling systems, heat exchangers, and air quality equipment for power plants and industrial facilities, directly comparable to CIC Group's Nooter/Eriksen and Next Cooling businesses in HRSG, cooling, and heat transfer offerings.
• CMI Energy: CMI Energy is the energy division of CMI Group (EBR: CMB), a Belgian engineering firm specializing in heat recovery boilers, biomass and waste-to-energy boilers, and HRSG technology, directly competing with CIC Group's Nooter/Eriksen subsidiary in waste-to-energy and combined-cycle heat recovery equipment markets.
• Saulsbury Industries: Saulsbury Industries is a privately-held heavy industrial contractor providing engineering, procurement, fabrication, and construction services to the refining, petrochemical, and midstream energy sectors, with comparable project execution capabilities to CIC Group's Wyatt and Nooter construction subsidiaries.

Broad incumbents

• Foster Wheeler (Wood plc): Foster Wheeler, now part of Wood plc (LON: WG.), historically was a leading global supplier of HRSGs, utility and industrial boilers, and process equipment with comparable thermal design capabilities to CIC Group's Nooter/Eriksen subsidiary, but operates at much larger scale across full project consulting and EPC.
• APi Group: APi Group (NYSE: APG) is a diversified safety, specialty, and industrial services holding company serving industrial customers globally, with construction, specialty welding, electrical, and insulation service segments that overlap meaningfully with CIC Group's multi-subsidiary industrial services platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@cicgroupinc8192
• LinkedInlinkedin.com/company/cic-group-inc/posts/?feedView=all

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIC Group