Vericor Power Systems
Vericor Power Systems manufactures and supports aero-derivative gas turbines for marine propulsion (naval hovercraft, fast ferries, megayachts), oil & gas (hydraulic fracturing, pipeline compression), and industrial power generation, serving defense, energy, and industrial customers globally through direct enterprise sales and channel partners.
- Company typePrivate
- Founded1999
- HeadquartersAlpharetta, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Vericor Power Systems does
Vericor Power Systems, LLC manufactures, sells, and supports a portfolio of aero-derivative gas turbines derived from Honeywell aircraft engine designs for three end markets: marine propulsion, oil & gas, and industrial power generation. Its product line comprises the ASE series (ASE40, ASE50B) for power generation and mechanical drive, the TF series (TF40, TF40F, TF50B, TF50F) for marine propulsion and high-power industrial applications, the ETF40B for military hovercraft, and the VPS3/VPS4 generator-set packages. The turbines use a twin-shaft free turbine architecture that mounts directly to driven equipment, eliminating alignment issues and enabling compact, lightweight installations, with fuel flexibility across natural gas, wellhead gas, and liquid fuels.
The company monetizes primarily through direct enterprise sales of turbine hardware and complete generator packages, supplemented by aftermarket MRO services, spare parts, technical publications, and long-term maintenance agreements with scheduled overhaul intervals of 60,000 hours (major) and 30,000 hours (hot section). Its customer base spans defense customers (US Navy LCAC, Japan Maritime Self-Defense Force, Republic of Korea Navy, Swedish Navy Visby-class), oil & gas operators (BJ Energy Solutions, CNPC, Pakistan Oilfields, TC Energy), and industrial cogeneration sites (Timber Products, Japanese beverage manufacturers, Tokyo office complexes, Japanese flood-control municipalities). Go-to-market is enterprise field sales with regional specialists and channel partners (Mitsubishi Heavy Industries and Sojitz in Japan, Hanjin Heavy Industries in Korea, Diesel Center and ABA Yachts in Italy, Standard Aero for North American defense MRO).
The company was formed in 1999 as a joint venture between Honeywell and MTU Aero Engines, opened its doors in Alpharetta, Georgia in 2000, was acquired by Kanaci Technologies (formed by Houston-based private equity firm CSL Capital Management) in August 2021, and relocated headquarters to Greer, South Carolina in 2024 while retaining an engineering office in Alpharetta. The company holds ISO 9001:2015 certification, is led by President & CEO Warren Zemlak (appointed June 2023), and operates with an installed base of 1,000+ units and 15+ million cumulative operating hours across 11 countries.
Vericor Power Systems firmographics
Firmographics- Name
- Vericor Power Systems
- Legal name
- Vericor Power Systems, LLC
- Website
- https://vericor.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Vericor Power Systems manufactures and supports aero-derivative gas turbines for marine propulsion (naval hovercraft, fast ferries, megayachts), oil & gas (hydraulic fracturing, pipeline compression), and industrial power generation, serving defense, energy, and industrial customers globally through direct enterprise sales and channel partners.
- Ownership category
- akta.pro rank
Vericor Power Systems industry classification
Industry- Product category
- Aero-Derivative Gas Turbine Manufacturing
- NAICS
- Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Engines & Turbines (3510)
- akta.pro primary industry
- Propulsion Control, Monitoring & Automation (ECS, PMS interface) (IMAJAHAH)
- akta.pro secondary industries
- Propulsion MRO, Spares & Field Service (Overhauls, retrofits, upgrades) (IMAJAHAN), Rotating Equipment Maintenance (Turbines, Generators, Motors, Pumps, Compressors) (EUAEAGAI)
Keywords
Where Vericor Power Systems is headquartered
LocationHeadquarters
- HQ city
- Alpharetta
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Vericor Power Systems business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Gas Turbine Hardware Sales: Sale of aero-derivative gas turbine engines and complete propulsion packages for marine, oil & gas, and industrial applications. Products include ASE40, ASE50B, ETF40B, TF40, TF40F, TF50B, TF50F series turbines.
- Aftermarket Services & Support: Maintenance, repair, and overhaul (MRO) services, spare parts supply, technical publications, and field service support. Includes 60,000 hours between major overhauls and 30,000 hours for hot section overhauls.
- Maintenance Agreements: Long-term maintenance contracts providing scheduled and unscheduled maintenance support with guaranteed response times.
- Generator Sets (VPS3, VPS4): Complete gas turbine generator set packages combining Vericor turbines with generator equipment for power generation applications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise Quote-Based Pricing |
Go-to-market motion1 record
Distribution channels7 records
Marketing channels5 records
Vericor Power Systems product offering
Product offeringCore offering
Vericor Power Systems manufactures, sells, and supports a portfolio of aero-derivative gas turbines for marine propulsion (ETF40B, TF40, TF40F, TF50B, TF50F powering LCAC hovercraft, naval vessels, fast ferries, and megayachts), oil & gas applications (TF50F for hydraulic fracturing, ASE50B for gas compression and pipeline evacuation), and industrial power generation/cogeneration (ASE40, ASE50B, VPS3, VPS4 generator sets). The company additionally provides complete aftermarket services including maintenance agreements, MRO, spare parts, technical publications, field service, and program management, with intervals of 60,000 hours between major overhauls and 30,000 hours for hot section overhauls.
Product overview
Vericor Power Systems manufactures, sells, and supports a portfolio of aero-derivative gas turbines organized into three main product lines: (1) Marine Propulsion Gas Turbines (ETF40B, TF40, TF40F, TF50B, TF50F) for military and commercial marine vessels including hovercraft, fast ferries, and mega yachts; (2) Industrial Gas Turbines (ASE40, ASE50B) for power generation, mechanical drive, gas compression, and pumping applications in oil & gas, industrial, and commercial sectors; and (3) Gas Turbine Generator Sets (VPS3, VPS4) for stationary cogeneration and power generation. The TF50F specifically serves the hydraulic fracturing market with direct-drive capability. Products share common aero-derivative design heritage from aircraft engines, providing compact size, high power density, fuel flexibility, and proven reliability with over 1,000 units installed and 15+ million operating hours logged.
Differentiator
Problem solved
Functional benefit
Brands
- Vericor: Primary company brand for aero-derivative gas turbine manufacturing, sales, and support.
Products and services
- ASE40 Gas Turbine Aero-derivative industrial gas turbine for power generation and mechanical drive applications across oil & gas, industrial, commercial, and institutional sectors. Provides continuous reliable power for gas compression and pumping applications.
- ASE50B Gas Turbine Aero-derivative industrial gas turbine delivering 4,938 shp continuous (5,432 shp boosted) at 30.2% thermal efficiency. Used for mobile power generation, simple cycle power generation, combined heat & power (CHP), and mechanical drive for compressors or pumps, with fuel flexibility for natural gas or liquid fuels. Powers the new Dragon PowerGT43 4 MW mobile genset.
- ETF40B Marine Gas Turbine Aero-derivative marine gas turbine primarily used in navy hovercraft applications to drive propulsion and lift fans. Powers US Navy LCAC (Landing Craft Air Cushion) craft and international naval vessels including JMSDF, Republic of Korea Navy LSF-II, and Griffon Hoverwork Wyvern program. Delivers approximately 20% more power than predecessor engines.
- TF40 Marine Gas Turbine Marine gas turbine engine for naval and fast commercial vessel propulsion, part of the TF Series designed for marine environments with corrosion-resistant components and fully marinized accessories.
- TF40F Marine Gas Turbine Marine gas turbine variant of the TF40 series configured for marine propulsion applications requiring compact, lightweight power solutions.
- TF50B Marine Gas Turbine Aero-derivative marine gas turbine rated at 4,176 kW (5,600 shp) for naval and fast commercial vessel propulsion. Powers Swedish Visby-class corvettes, Pershing 115 and other megayachts, and fast ferries. Highest power-to-weight ratio in its power class.
- TF50F Oil Field Gas Turbine Aero-derivative industrial gas turbine with the highest power-to-weight ratio in its power class, specifically developed for hydraulic fracturing and mobile/portable mechanical drive applications. Rated at 5,000 hp with dual-fuel capability (natural gas or liquid fuel), can operate 100% on wellhead gas meeting Tier 4 emission requirements. Powers BJ Energy Solutions TITAN fracturing fleet, achieving 400,000+ cumulative operating hours.
- VPS3 Gas Turbine Generator Set Gas turbine generator set for reliable power generation in industrial and oil & gas applications. Modular design simplifies and reduces on-site installation time and construction costs. Powers cogeneration plants including Timber Products Company fiber board plant (60,000+ hours of operation).
- VPS4 Gas Turbine Generator Set Gas turbine generator set for reliable power generation in industrial and oil & gas applications, with modular design simplifying installation and reducing construction costs.
- Dragon PowerGT43 Mobile Genset New 4 MW mobile genset powered by a Vericor ASE50B gas turbine. Features lightning-fast dynamic response, whisper-quiet operation, compact mobile trailer-mounted design, and is targeted at oil & gas, mining, and emergency power applications.
- Maintenance Agreements and Aftermarket Services Long-term maintenance agreements providing scheduled and unscheduled maintenance support with guaranteed response times, plus spare parts supply, technical publications, field service support, and program management. Includes overhaul intervals of 60,000 hours between major overhauls and 30,000 hours for hot section overhauls. Supports the 100% on-time engine repair delivery track record over the past 5 years.
- Technical Publications and Program Management Services Technical publication services and program management support provided as part of Vericor's aftermarket offerings to marine, oil & gas, and industrial customers worldwide.
Quantifiable outcome
- 50% reduction in equipment footprint and number of trailers required at hydraulic fracturing sites
- +6 more outcomes
Companies that use Vericor Power Systems
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles3 records
Vericor Power Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Vericor Power Systems partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and minor.
- Griffon HoverworkcoreStrategic alliance where Vericor was selected as gas turbine supplier for Griffon Hoverwork's Wyvern LCAC (Landing Craft Air Cushion) program. The Wyvern class delivers rapid amphibious transport for military forces worldwide.
- Atlas Copco Gas and ProcesscoreStrategic alliance to power Atlas Copco's integrally geared centrifugal compressors and Companders with Vericor gas turbines. The partnership combines Vericor's ASE50B turbine with Atlas Copco's compression technology for a compact, cost-effective solution targeting gas processing compression markets worldwide.
- Mitsubishi Heavy Industries (MHI)coreIndustrial packaging partner that creates specialized configurations of Vericor turbines including vertical pump packages (ASE40V) for flood control applications. MHI packages ASE40 and ASE50B turbines for various Japanese industrial applications.
- HoneywellcoreOriginal joint venture partner with MTU Aero Engines when Vericor was formed in 1999. ASE gas turbines are adapted from Honeywell's proven aero-engine designs.
- MTU Aero EnginescoreOriginal joint venture partner with Honeywell when Vericor was formed in 1999. Company originally an MTU Aero Engines Company based in Alpharetta, Georgia.
- Sojitz CorporationmajorJapanese trading company serving as distribution partner for military and commercial marine markets. Sojitz executives have visited Vericor manufacturing plant to strengthen partnership and explore expansion opportunities.
- Hanjin Heavy IndustriesmajorKorean shipbuilder using Vericor ETF40B turbines for Republic of Korea Navy's LSF-II hovercraft program.
- Diesel CentermajorItalian distributor of diesel marine engines and gas turbine propulsion systems based in La Spezia. Distributes Vericor TF series turbines for Mediterranean yacht and commercial vessel markets.
- ABA YachtsminorTechnical support provider for Vericor-powered vessels in Mediterranean region, based in La Spezia, Italy. Provides troubleshooting, scheduled maintenance, inspections, and Level 1 spare parts supply.
- Standard Aero EnergyminorSubcontractor for assembly and testing of US Navy LCAC ETF40B engines in Winnipeg, Manitoba, Canada.
- BJ Energy SolutionscoreEnergy platform of Kanaci Technologies. Developed TITAN fracturing fleet powered by Vericor TF50F turbines. Achieved 400,000+ cumulative operating hours in hydraulic fracturing applications.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
Vericor Power Systems competitors and assessment
Company assessmentDirect peers
- Kawasaki Heavy Industries: Kawasaki Heavy Industries produces industrial and marine gas turbines (L30A, M1A-13) for power generation and naval propulsion, competing with Vericor in Japanese and broader Asian defense and industrial markets.
- MAN Energy Solutions: MAN Energy Solutions supplies gas turbines and marine propulsion systems for naval vessels, commercial marine, and oil & gas applications, with comparable product positioning to Vericor in mechanical drive and ship propulsion.
- Rolls-Royce: Rolls-Royce supplies marine gas turbines (Trent, Spey, Marine Spey derivatives) used for naval and commercial marine propulsion, directly overlapping Vericor's TF Series and ETF40B products in defense and megayacht segments.
- Siemens Energy: Siemens Energy's SGT-A series (formerly Siemens aero-derivative turbines) and broader industrial gas turbine portfolio compete with Vericor in oil & gas compression, power generation, and mechanical drive applications globally.
- GE Vernova: GE Vernova's Gas Power business offers LM2500 and LM6000 aero-derivative gas turbines that compete directly with Vericor's ASE and TF product lines across marine propulsion, oil & gas mechanical drive, and industrial power generation markets.
- Solar Turbines (Caterpillar): Solar Turbines, a Caterpillar subsidiary, manufactures industrial gas turbines (Mars, Taurus, Centaur) for oil & gas, power generation, and mechanical drive applications, competing head-to-head with Vericor's ASE industrial turbines.
Broad incumbents
- Mitsubishi Power: Mitsubishi Power manufactures large-scale industrial gas turbines and packages Vericor ASE turbines for Japanese market; competes broadly in power generation and mechanical drive with a heavier utility-scale focus.
- Rolls-Royce Power Systems (MTU): Rolls-Royce Power Systems (formerly MTU, Vericor's original co-founder with Honeywell) supplies engines and power systems for marine, oil & gas, and industrial markets; an adjacent competitor with broader diesel and gas engine portfolio.
Others
- Atlas Copco: Atlas Copco Gas and Process is Vericor's strategic compression partner and a broader industrial compressor and power solutions provider; comparable as an integrated gas processing and power solutions competitor in the oil & gas value chain.
Emerging players
- Capstone Green Energy: Capstone Green Energy manufactures small-scale microturbines (65kW-1MW) for distributed generation and oil & gas applications, adjacent to Vericor's mobile genset offerings but at a smaller power scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Vericor Power Systems social profiles
Digital presenceVericor Power Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vericor Power Systems leadership team
Management profileNumber of profiles
Profiles8 records
Vericor Power Systems funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vericor Power Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vericor Power Systems
What does Vericor Power Systems do?
Vericor Power Systems manufactures, sells, and supports a portfolio of aero-derivative gas turbines for marine propulsion (ETF40B, TF40, TF40F, TF50B, TF50F powering LCAC hovercraft, naval vessels, fast ferries, and megayachts), oil & gas applications (TF50F for hydraulic fracturing, ASE50B for gas compression and pipeline evacuation), and industrial power generation/cogeneration (ASE40, ASE50B, VPS3, VPS4 generator sets). The company additionally provides complete aftermarket services including maintenance agreements, MRO, spare parts, technical publications, field service, and program management, with intervals of 60,000 hours between major overhauls and 30,000 hours for hot section overhauls.
Is Vericor Power Systems a public or private company?
Vericor Power Systems is a private company. It is classified as private equity controlled and is currently operating.
When was Vericor Power Systems founded?
Vericor Power Systems was founded in 1999. It employs 5,001 to 10,000 people.
Where is Vericor Power Systems based?
Vericor Power Systems is headquartered in Alpharetta, United States, in the North America region.
How does Vericor Power Systems make money?
Four revenue lines are on record. Gas Turbine Hardware Sales are the primary driver. The others are aftermarket Services & Support, maintenance Agreements and generator Sets (VPS3, VPS4).
Who are Vericor Power Systems's main competitors?
Direct peers on record are Kawasaki Heavy Industries, MAN Energy Solutions, Rolls-Royce, Siemens Energy, GE Vernova and Solar Turbines (Caterpillar). Broad incumbents are Mitsubishi Power and Rolls-Royce Power Systems (MTU). Atlas Copco is listed as an others. Capstone Green Energy is listed as an emerging player.
Does Vericor Power Systems have an API?
No public API is recorded for Vericor Power Systems.
What industry is Vericor Power Systems in?
Vericor Power Systems's product category is Aero-Derivative Gas Turbine Manufacturing. Its primary akta.pro industry code is IMAJAHAH, Propulsion Control, Monitoring & Automation (ECS, PMS interface), with a secondary code of IMAJAHAN, Propulsion MRO, Spares & Field Service (Overhauls, retrofits, upgrades). Its NAICS code is 3336 and its SIC code is 3510.