What PVI Industries does

PVI Industries is a Fort Worth, Texas-based manufacturer of commercial-grade ASME water heaters, founded in 1961 and currently operating as a wholly-owned subsidiary of Watts Water Technologies (NYSE: WTS) within its Global Family of Brands. The company designs and builds engineer-specified equipment for new commercial, institutional, and industrial construction, with an installed base supported through independent manufacturer sales representatives, a service-contractor network, and a branded online parts catalog.

Its product platform spans gas condensing (Brigade, Centurion, Conquest, Power VTX, Turbopower 96), gas non-condensing (Maxim, Turbopower, plus Low NOx variants), electric (Durawatt, Durawatt Mini), steam-fired (Cobrex, CSX, QuickDraw), boiler-water (EZ Plate), and multi-energy (FlexFuel) water heaters, plus AquaPLEX storage tanks and DigiTemp digital mixing valves. Core technology centers on AquaPLEX engineered duplex stainless steel storage and heat-exchanger construction — a proprietary material substitution versus glass-lined tanks that eliminates anode rods and linings while delivering 95-99% thermal efficiency on condensing models and warranty terms up to 15 years (25 years on AquaPLEX tank warranty). Higher-tier SKUs add Modbus/BACnet-integrated controls, O2 Trim combustion feedback, 20:1 turndown, and ultra-compact footprints (e.g., Brigade at 15"x26"x76").

PVI makes money through direct hardware sales into specification-driven commercial projects, with a portfolio of high-margin extended service policies and replacement-parts attach. Go-to-market is exclusively via independent manufacturer representatives backed by a rep locator, a contractor finder, and rebate-discovery tooling for US and Canadian customers. Pricing is quote-based and not publicly disclosed. Customer concentration appears low in terms of named-logo visibility (only Naval Hospital Beaufort is explicitly cited as a case study), with revenue spread across healthcare, education, food-service/retail, data centers, and government end markets.

Name

PVI Industries

Legal name

PVI Industries

Website

https://pvi.com

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

251–500 employees

Short description

PVI Industries, a Fort Worth, Texas subsidiary of Watts Water Technologies, manufactures commercial ASME water heaters under its Dynamic Water Heating brand using proprietary AquaPLEX duplex stainless steel. It sells gas, electric, steam, boiler-water, and multi-energy models to commercial, institutional, and industrial customers through independent sales representatives in the US and Canada.

Ownership category

akta.pro rank

Product category

Commercial Water Heaters

NAICS

Power Boiler and Heat Exchanger Manufacturing (33241), Power Boiler and Heat Exchanger Manufacturing (332410), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

akta.pro secondary industries

Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC)

Keywords

• Commercial water heaters
• ASME water heating
• Gas condensing water heaters
• Electric commercial water heaters
• Steam-fired water heaters

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Commercial Water Heater Sales: PVI Industries generates revenue through the manufacture and sale of commercial ASME water heaters. Products include gas condensing, gas non-condensing, electric, steam, boiler water, and multiple energy water heaters. Revenue is derived from equipment sales, with the company's go-to-market focused on direct B2B sales through manufacturer representatives for commercial and industrial applications.
2. Parts and Accessories: PVI sells replacement parts, repair kits, and accessories through their online parts catalog. Warranty inquiries direct customers to contact PVI sales representatives for coverage determination.
3. Service and Support: After-sale technical support is provided, including extended service policies (long-life service policies available for purchase on various products), first-year service policies with freight and labor coverage.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

PVI Industries manufactures and sells commercial ASME-certified water heaters under its Dynamic Water Heating Solutions portfolio. The product range spans gas condensing, gas non-condensing, electric, steam-fired, boiler water, and multiple-energy water heaters built with proprietary AquaPLEX duplex stainless steel construction. Energy inputs range from 199 MBH to 7000 MBH and storage capacities span instantaneous on-demand to 3,000 gallons.

Product overview

PVI Industries, a Watts brand, manufactures commercial ASME water heaters under its Dynamic Water Heating Solutions portfolio. The product line includes gas condensing (Brigade, Centurion, Conquest, Power VTX, Turbopower 96) and non-condensing (Maxim, Turbopower) models, electric heaters (Durawatt, Durawatt Mini), steam-fired units (Cobrex, CSX, QuickDraw), boiler water heaters (EZ Plate), multi-energy systems (FlexFuel), plus storage tanks and digital mixing valves (DigiTemp). Products feature proprietary AquaPLEX duplex stainless steel construction, energy inputs from 199 MBH to 7000 MBH, and integrate with building automation systems via Modbus/BACnet protocols.

Differentiator

Problem solved

Functional benefit

Brands

• AquaPLEX: Engineered duplex stainless steel material used in PVI water heaters for corrosion resistance and durability.
• Dynamic Water Heating
• Brigade
• Centurion
• Conquest
• Power VTX
• Turbopower 96
• Maxim
• Maxim Low NOx
• Turbopower
• Turbopower Low NOx
• Durawatt
• Durawatt Mini
• Cobrex
• CSX
• QuickDraw
• FlexFuel
• EZ Plate
• Edge Controller
• DigiTemp

Products and services

• Brigade High-efficiency condensing commercial gas water heater with 199 MBH input, 25-gallon tank, 6-year full vessel warranty, and ultra-compact 15x26x76-inch footprint suited for restaurants, schools, and small commercial buildings.
• Centurion High-capacity gas condensing water heater with 1600-2000 MBH input, integrated Edge Controller for advanced hot water management, up to 20:1 turndown ratio, and 15-year heat exchanger warranty.
• Conquest Compact gas condensing semi-instantaneous firetube water heater with 199-1200 MBH input, up to 98% thermal efficiency, indoor and outdoor models, and AquaPLEX duplex stainless steel construction.
• Power VTX High-efficiency condensing gas storage water heater with 500-1000 MBH input, 225-gallon tank, 96% thermal efficiency, modulating burner, and up to 99% part-load efficiency. ASME HLW stamped and LEED qualified.
• Turbopower 96 Gas condensing water heater with 2-pass fire tube heat exchanger, secondary economizer, up to 97.5% thermal efficiency, 500-1600 MBH input, and 300-1500 gallon tanks with removable heat exchanger.
• Maxim Fully packaged vertical gas non-condensing firetube water heater with 199-1200 MBH input, 80% thermal efficiency, power combustion burner, AquaPLEX construction, and 15-year warranty.
• Maxim Low NOx Low NOx vertical gas non-condensing firetube water heater with 199-400 MBH input, 82% thermal efficiency, and SCAQMD certification for NOx emissions compliance.
• Turbopower Gas non-condensing fire tube semi-instantaneous or storage water heater with 199-2000 MBH input, 83% thermal efficiency, and removable two-pass submerged heat exchanger.
• Turbopower Low NOx Low NOx fire tube gas non-condensing water heater with 199-1200 MBH input, removable two-pass submerged heat exchanger, and Modbus connectivity for building automation.
• Durawatt Emission-free electric storage commercial water heater with 9-234 kW input (up to 360 kW available), 150-2000 gallon tanks (up to 3000 gallons), 98% efficiency, AquaPLEX tank, and incoloy heating elements.
• Durawatt Mini Compact wall-hung electric water heater with 12-54 kW input, 480V 3-phase design, AquaPLEX construction, Modbus RS485 connectivity, and 10-year heating chamber warranty for commercial and institutional applications.
• Cobrex Instantaneous Factory-packaged steam-fired instantaneous water heater with up to 6000 MBH capacity, double-wall copper-tube counter-flow heat exchanger, and +/-4F temperature control without a steam control valve at 15 psi.
• Cobrex Semi-Instantaneous and Storage Steam-fired semi-instantaneous and storage water heater with up to 7000 MBH input, 150-1000 gallon tanks, double-wall copper-tube counter-flow heat exchanger, and Modbus connectivity.
• CSX Instantaneous On-demand steam-fired water heater with 15-60 GPM capacity, spiral stainless steel counter-flow heat exchanger, thermostatic mixing valves, and no steam control valve required at 15 psi.
• QuickDraw Semi-Instantaneous Semi-instantaneous steam water heater with 8-110 GPM capacity, 50-100 gallon tanks, copper u-tube bundle heat exchanger with cupro-nickel option.
• QuickDraw Steam Storage Storage steam water heater with 200-3200 GPH recovery, 150-900 gallon tanks, horizontal copper u-tube bundle orientation for easy maintenance, and no anode rods required.
• FlexFuel Multiple-energy water heater combining gas, oil, electricity, steam, boiler water, solar, or waste heat in a single tank with 215-3000 gallon storage, with energy sources operating independently or simultaneously.
• EZ Plate Instantaneous Factory-piped skid-mounted boiler water heater with up to 6000 MBH capacity, brazed plate heat exchanger, compact footprint under 12 square feet, designed for condensing boilers.
• EZ Plate Semi-Instantaneous and Storage Boiler water heater with double-wall brazed plate heat exchanger, domestic water temperatures to 180F, dual heat exchanger options for redundancy, and Modbus connectivity.
• Storage Tanks Corrosion-resistant commercial storage tanks fabricated from AquaPLEX duplex stainless steel for integration with PVI water heating systems.
• DigiTemp and DigiTemp Jr Digital mixing valves providing precise temperature control in commercial domestic hot water systems.

Quantifiable outcome

• Up to 99% thermal efficiency at part-load conditions
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Navien: Manufacturer of high-efficiency condensing tankless water heaters and combi-boilers for residential and commercial use. Emerging direct competitor to PVI in the small commercial segment with strong condensing technology positioning.
• Bradford White Corporation: US-focused manufacturer of commercial and residential water heaters including high-efficiency gas and electric models. Competes head-on with PVI in engineer-specified commercial water heating for institutions and light-commercial buildings.
• Rheem Manufacturing: Major manufacturer of commercial water heaters (gas, electric, heat-pump, and condensing) and boilers for institutional and light-commercial applications. Closely comparable product breadth and similar GTM through distributors and contractors.
• A.O. Smith Corporation: Largest North American manufacturer of residential and commercial water heaters and boilers, including high-efficiency condensing commercial units. Directly comparable to PVI in commercial gas, electric, and storage water-heater product categories.
• Lochinvar: Premium manufacturer of high-efficiency commercial condensing boilers and water heaters (Knight, FTXL, FTXL Fortress). Directly competing with PVI's Centurion, Turbopower, and Conquest lines in commercial condensing hot water applications.

Broad incumbents

• Bosch Thermotechnology: Global HVAC and water heating manufacturer (gas, electric, heat pump, solar) with broad commercial product portfolio. Overlaps with PVI in commercial water heaters while operating across a much wider HVAC portfolio.
• Cleaver-Brooks: Manufacturer of commercial boiler systems and packaged combustion solutions including heat-exchanger-based water heaters. Comparable to PVI on heat-exchanger manufacturing, boiler-water integration, and commercial scale applications.
• Weil-McLain: Established manufacturer of hydronic heating boilers for commercial and institutional buildings. Mentioned alongside PVI at AHR Expo 2026 and overlaps on commercial hot-water generation via boiler-side equipment.
• AERCO (Watts brand): Sister Watts Water Technologies brand producing commercial boilers and high-efficiency water heating solutions. Adjacent player to PVI within the same parent, sharing hydronic and commercial-water-heating end markets.

Emerging players

• Rinnai America: Manufacturer of tankless and commercial water heating solutions focused on condensing gas technology. Competes with PVI at the high-efficiency end of the commercial water heating market, particularly in retrofit applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/pviwaterheaters
• YouTubeyoutube.com/channel/UCR-60awI-SvXBwzW4RNB2Bw
• Facebookfacebook.com/pviwaterheaters
• LinkedInlinkedin.com/company/pvi-industries

Compliance16 records

Revenue estimate

Valuation estimate

Number of profiles

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 PVI Industries