Indeck Power Equipment Company

What Indeck Power Equipment Company does

Indeck Power Equipment Company, founded in 1960 and headquartered in Wheeling, Illinois, is a privately held, woman-owned engineering and capital-equipment company specializing in industrial steam and hot water generation systems. The company designs, manufactures, rents, leases, and services industrial boilers across watertube (O, A, D, and Modular D types), firetube, package, solid fuel (Keystone), waste heat, and high-temperature hot water (International LaMont) configurations, with capacity ranges from 20,000 to 1,000,000 PPH. Product offerings extend to auxiliary systems — deaerators, economizers, I-SCR selective catalytic reduction for NOx control, thermal oxidizers, combustion and burner management controls, Indeck-RMS IIoT remote monitoring, and SPX Waukesha high-voltage transformers — and to compliance services such as Boiler MACT engineering studies. Manufacturing is conducted across facilities in Wheeling IL (corporate HQ with panel shop and fabrication), Quebec, Canada, and Erie, Pennsylvania (Keystone Energy), with the firm's boiler design heritage extending approximately 175 years through predecessor brands (Erie City Iron Works, Zurn Energy Division, Aalborg Industries, International Boiler Works, Volcano Boiler).\n\nRevenue is generated through five streams: one-time equipment sales of new and used boilers and accessories; recurring boiler rentals (Indeck claims the world's largest rental fleet, with trailer-mounted units up to 250,000 PPH and 24/7 emergency deployment); aftermarket parts and services (over $25 million in stocked parts); engineering and design services under trade names (Keystone, International-LaMont, ThermoFlo, etc.); and lease programs. The go-to-market is sales-led and enterprise-focused, combining an in-house Business Development Team, a global network of independent industrial equipment representatives, and direct phone/quote-based inbound. Customers span petrochemical, petroleum/refining, chemical processing, pulp and paper, food processing, district energy (universities, hospitals, airports), defense (US Naval Base), and steel manufacturing, with equipment deployed in more than 45 countries.\n\nThe company emphasizes single-source capabilities — design through installation, monitoring, parts, and compliance — and positions its 24/7 emergency rental service plus extensive parts inventory as the primary value proposition for industrial customers with high downtime costs. Certifications include UL (panel shop UL File E134134), ASME, ABMA, NFPA-85, FM Global, CSA, TSSA, and EPA Boiler MACT compliance, supporting sales into regulated heavy industrial and institutional end markets globally.

Name

Indeck Power Equipment Company

Legal name

Indeck Power Equipment Company

Website

https://indeck.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

101–250 employees

Short description

Indeck Power Equipment Company, founded in 1960 in Wheeling, Illinois, is a private industrial boiler manufacturer and rental provider serving petrochemical, refining, chemical processing, district energy, defense, and manufacturing customers in over 45 countries. It designs, rents, and services watertube, firetube, solid fuel, and waste heat boilers plus auxiliary emissions and control systems.

Ownership category

akta.pro rank

Product category

Industrial Steam Boilers

NAICS

Power Boiler and Heat Exchanger Manufacturing (33241), Power Boiler and Heat Exchanger Manufacturing (332410), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Heating Equipment, Except Electric & Warm Air Furnaces (3433), Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430), Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

Industrial Boilers, HRSGs & Steam Generators (IMAHAFAF)

akta.pro secondary industries

Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Boiler & Hydronic Heating Repair & Service (HSAOAHAG), Commercial Water Heater & Boiler Service (HSAOACAJ), Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA), Boiler Installation & Replacement (HSAOACAC)

Keywords

• Industrial steam boilers
• Boiler rental services
• Heat recovery steam generators
• Waste heat boilers
• Boiler design engineering

Headquarters

HQ city

Wheeling

HQ country

United States

HQ region

North America

Offices3 records

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. Equipment Sales: Sale of new and used industrial boilers including watertube, firetube, package boilers, HRSGs, solid fuel boilers, and specialty boilers. Also includes auxiliary equipment such as deaerators, economizers, and SCR systems.
2. Boiler Rental: Short-term and long-term rental of boilers, mobile boiler rooms, trailer-mounted units, and boiler feedwater systems. Rental fleet is the largest in the world with capacities up to 250,000 PPH.
3. Aftermarket Parts and Services: Sale of OEM boiler parts, accessories, and components. Over $25 million worth of parts in stock. Includes maintenance services, startup supervision, and operational training.
4. Engineering and Design Services: Custom boiler design and engineering, Boiler MACT compliance studies, combustion controls design, and automation systems integration through Indeck Automation.
5. Lease Programs: Equipment leasing options for customers who prefer not to purchase outright. Lease extensions available for ongoing rental arrangements.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Indeck Power Equipment Company designs, manufactures, rents, and services industrial steam and hot water boilers, including watertube (A, O, D types), firetube, package, solid fuel, waste heat recovery, and Heat Recovery Steam Generator (HRSG) systems. The company also provides combustion controls, burner management systems, I-SCR emissions reduction equipment, boiler accessories, OEM parts, and 24/7 emergency rental services, operating the largest boiler rental fleet in the world.

Product overview

Indeck Power Equipment Company is a diversified industrial boiler manufacturer and rental provider offering a comprehensive portfolio of steam and hot water generation equipment. The product line centers on watertube boilers in multiple configurations ("A", "O", "D", and Modular "D" types) as the core product category, complemented by firetube boilers, package boilers, and specialty units including solid fuel, waste heat recovery, and thermal oxidizers. Supporting the boiler products are complementary accessory systems including deaerators, economizers, and the I-SCR selective catalytic reduction system for NOx emissions control. The company provides extensive services including 24/7 emergency rental, boiler design and engineering, remote monitoring (Indeck-RMS), industrial automation controls, and logistics. Products are sold, rented, or leased with configurations ranging from portable trailer-mounted units to large field-erected systems serving over 50 countries worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• Indeck Keystone Energy: Specializes in designing solid fuel and waste heat recovery boilers, as well as larger modular packaged boilers with capacities up to 1,000,000 PPH and 1,800 PSIG.
• International-LaMont
• Keystone
• Travagrate
• ThermoFlo
• I-HRSG
• I-SCR
• Indeck-RMS

Products and services

• Watertube Boilers (A, O, D Types) Industrial watertube boilers in 'A', 'O', 'D', and Modular 'D' designs that produce steam or hot water by circulating water through tubes while hot gases pass around them, providing higher efficiency and faster steam generation for large-scale industrial settings.
• Firetube Boilers Commercial boiler design where hot gases pass through furnace/fire tubes immersed in water. Includes the historic Volcano Boiler 'Starfire' firetube product line and stock from multiple manufacturers. Available for rent, sale, or lease.
• Package Boilers Pre-engineered packaged boiler systems equipped with main boiler, level trim, instrumentation, and burner. Available as boiler island sets or comprehensive steam power package systems with add-ons including economizers and emission reduction systems.
• Keystone Solid Fuel Boilers Solid fuel boilers from Indeck Keystone Energy capable of burning coal, wood, rice hulls, tires, municipal waste, blast furnace gas, refinery gas, oil, bagasse, or natural gas. Steam capacities ranging from 25,000 to 500,000 pounds per hour.
• Heat Recovery Steam Generators (I-HRSGs) Heat recovery steam generators optimized for combined cycle plants that efficiently recover heat from gas turbine exhaust. Feature natural circulation, horizontal gas flow, multiple pressure capability, and bare and fin tube designs.
• International LaMont Hot Water Generators (HTHWG) High-temperature hot water generators with over 70 years of manufacturing experience and over 1,000 installations. TJW-C design ensures maximum efficiency with temperature differentials of 150°F and higher, capacities from 10,000,000 to 200,000,000 BTU/hr.
• Waste Heat Boilers Industrial waste heat recovery boilers that recover heat from exhaust gases including FCCU, cement kilns, CO gas, incinerators, and other processes. Capacities ranging from 5,000 to 600,000 lb/hr for high-pressure and high-temperature steam production.
• ThermoFlo Watertube Boiler Two-drum multipass watertube boiler with five longitudinal gas passes separated by tangent waterwall tubes. Capacities from 15 BHP to 800 BHP output, standard 160 PSIG to 200 PSIG pressure ratings, suitable for steam, hot water, thermal fluid, and water glycol applications.
• Saturated Steam Boilers Industrial saturated steam boilers operating at the saturation point where liquid water and steam coexist at the same temperature. Ideal for heat transfer applications and industries including universities, hospitals, district heating, pulp and paper, and food processing.
• Superheat Watertube Boilers Superheated steam boilers providing lower density steam for higher efficiency in propulsion applications like turbines and reciprocating pistons. 75,000 PPH models feature large heating transfer surface areas with lower furnace pressure drop for increased efficiency.
• Thermal Oxidizers Air pollution control systems that use high temperatures to break down volatile organic compounds (VOCs) into less harmful substances (carbon dioxide and water vapor). Integrated Boiler/TO system combines thermal oxidation with steam generation.
• I-SCR Selective Catalytic Reduction System Low NOx emissions control system that converts nitrogen oxide (NOx) in combustion flue gas into harmless nitrogen (N2) and water (H2O) using selective catalytic reduction process. Achieves ultra-low NOx emissions of 9ppm or less.
• Combustion Control and Burner Management Systems Customizable combustion control systems and burner management systems (BMS) engineered to NFPA, FM, and UL requirements. Available on platforms including Allen Bradley, Fireye, GE/Fanuc, Honeywell, Modicon, and Moore, with UL listed panel shop capabilities.
• SPX Waukesha High Voltage Transformers High voltage transformers with KVA rating of 156/208/260 MVA, designed for LT GSU applications. Features 138,000 GRDY/79,670 WYE high voltage and 15,600 DELTA low voltage connections.
• Deaerator Systems Boiler feedwater treatment systems that remove dissolved oxygen and carbon dioxide from boiler feedwater to prevent corrosion, pitting, and scaling. Available in various capacities including 70K PPH and 80K PPH models.
• Economizers Heat exchange devices that capture waste heat from boiler flue gases and recirculate the energy back into the boiler system through feedwater, reducing energy needed to heat the boiler and increasing overall efficiency.
• Boiler Feedwater Trailers Mobile water treatment trailers equipped with deaerator, water softener, feedwater pump, and chemical feed capabilities. Available for rent as part of temporary boiler packages to ensure optimal boiler performance.
• Trailer-Mounted Boilers Road-ready portable steam and hot water boilers designed for fast, easy delivery. Features include capacities starting at 24,000 PPH, pressures from 150-2,000 PSIG, and superheat/saturated steam up to 1,050°F. No additional heavy haul equipment required.
• Mobile Boiler Rooms Fully-enclosed temporary steam systems that eliminate the need for temporary housing construction. Complete with boiler, water heater, softener tanks, chemical feed, and control systems pre-assembled in enclosed trailers. Available in 250 BHP, 300 HP, 800 HP, and 1000 HP configurations.
• Rental Boiler Services 24/7 emergency boiler rental services with the largest boiler inventory in the world. Supports capacities up to 250,000 PPH with both trailer-mounted and skid-mounted configurations. Includes 24/7 emergency response and worldwide delivery.
• 24/7 Emergency Boiler Rental Service Round-the-clock emergency boiler rental service for unexpected breakdowns, planned maintenance, or capacity limitations. Equipment available 7 days a week, 24 hours a day for immediate shipment and installation.
• Indeck-RMS Remote Monitoring System Secure VPN remote access IIoT system integrated with Indeck Boiler Control System. Provides 24/7 monitoring with SMS text and email alerts for critical events, alarms, and automatic shutdowns. Includes KPIs for remote monitoring: critical events, output capacity, fuel consumption, and downtime.
• Indeck Automation Industrial automation controls engineering services including PLC/HMI design and programming, process control, panel design/build, process instrumentation, startup and commissioning. 70+ years combined experience in process and machine control systems with UL508A listed panel shop.
• Boiler Design & Engineering Services Comprehensive boiler design and engineering services under trade names including Keystone, Indeck Boiler, International Boiler Works, International-LaMont, Travagrate, ThermoFlo, Volcano, and Starfire. Manufacturing facility located in Quebec, Canada.
• Indeck Service Center Industrial boiler maintenance services including boiler start-up, field consultations, and preventive maintenance to maximize boiler efficiency and extend equipment lifespan.
• Logistics & Transportation Services Comprehensive logistics services including in-house vendor price comparison, planning, insurance, and transportation by air, rail, or sea. Equipment delivered and maintained in over 45 countries worldwide.
• Boiler MACT Compliance Engineering Studies Engineering studies to evaluate plant compliance with EPA Boiler MACT (Maximum Achievable Control Technology) requirements for emissions reduction from industrial and commercial boilers.
• Boiler Parts OEM and aftermarket boiler parts with over $25 million worth of inventory. Parts from manufacturers including Allen-Bradley, Apollo, Clark Reliance, Conbraco, Crosby, Fisher, Honeywell, and 40+ other industrial equipment brands.
• Green Power Solutions Sustainable green power equipment utilizing innovative fuels including biodiesel, ethanol, forestry wood waste, rice hulls, bituminous coal, coke oven gas, blast furnace gas, whole tires, RDF, and municipal solid waste.

Quantifiable outcome

• Rental equipment available within hours for emergency needs
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature6 records

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Hurst Boiler & Welding Co. Manufacturer of biomass, solid-fuel, and conventional boilers with three-pass firetube designs — competes with Indeck's solid-fuel Keystone line for industrial and institutional steam customers.
• Babcock & Wilcox: Direct competitor designing and manufacturing industrial and utility-scale steam boilers, HRSGs, and emissions control systems serving power, refining, and industrial process steam customers — a near-direct overlap with Indeck's watertube, HRSG, and I-SCR offerings.
• Cleaver-Brooks: One of North America's largest manufacturers of industrial boilers (firetube, watertube, package) with strong aftermarket, rental, and service operations — directly comparable to Indeck across product portfolio, customer verticals, and recurring service revenue.
• Superior Boiler Works: Industrial watertube and firetube boiler manufacturer with custom engineering and aftermarket parts — overlaps Indeck's mid-range industrial steam boiler offerings and customer base.
• Victory Energy Operations: Designer and manufacturer of industrial watertube and heat recovery boilers serving power, refining, and chemical markets — closely mirrors Indeck Keystone Energy's product line and target customers.
• Johnston Boiler Company: Manufacturer of industrial firetube and watertube boilers for institutional, commercial, and light industrial customers — overlaps Indeck's ThermoFlo, firetube, and packaged steam offerings.
• Rentech Boiler Systems: Industrial boiler rental specialist offering trailer-mounted and skid-mounted units for emergency and planned outages — directly comparable to Indeck's rental fleet and 24/7 emergency service.
• Fulton Companies: Manufacturer of firetube and watertube steam boilers with strong aftermarket parts distribution — overlaps Indeck's firetube/Package Boiler lines and replacement parts business model.

Broad incumbents

• Thermax Limited: India-headquartered diversified industrial boiler and energy solutions provider with global EPC presence — broader portfolio than Indeck but overlapping in industrial watertube boilers, HRSGs, and emissions solutions for process industries.

Emerging players

• Miura America: Modular on-demand watertube boiler manufacturer with a service-led, monitor-everything model — competes with Indeck's smaller-capacity offerings and Indeck-RMS remote monitoring strategy in commercial and light-industrial segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

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• Instagraminstagram.com/indeckpower

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 Indeck Power Equipment Company