What Baltimore Aircoil does

Baltimore Aircoil Company, Inc. (BAC) is a privately held manufacturer of heat transfer and cooling equipment founded in 1938, wholly owned by Amsted Industries Incorporated since 1985. The company designs and produces evaporative cooling towers, hybrid coolers, adiabatic products, dry coolers, evaporative condensers, ice thermal storage units, and immersion cooling systems, organized across product families including Series 3000/1500/5000 cooling towers, FXV closed-circuit towers, Nexus and HXV hybrid coolers, Vertex evaporative condensers, TrilliumSeries dry and adiabatic products, and the COBALT immersion cooling system with proprietary CorTex technology. Supporting technologies include ENDURADRIVE fan systems, TriArmor and Baltibond corrosion protection, and the Baltigear service tool ecosystem. The company holds over 1,000 patents worldwide and operates manufacturing facilities in the United States (Jessup/Milford/Madera/Dayton), Mexico, Belgium, Italy, South Africa, China, and Australia, with sales offices in 16 countries.

BAC serves six primary vertical segments: data centers (its identified primary segment), semiconductor and battery manufacturing, heavy industrial and energy (power generation, chemicals, oil and gas, primary metals, hydrogen and carbon capture), food and beverage processing, commercial and institutional buildings, and district cooling. Revenue is generated through three streams: industrial cooling equipment sales (quote-based, 30-day price validity, net-30 payment terms with multi-year contracts), replacement parts, and services and support spanning commissioning, startup, replacement planning, and retrofit planning. The go-to-market model is enterprise field sales through a global network of factory-authorized sales representatives coordinated by the Americas' Sales Network (ASN), with no e-commerce or self-serve option. Pricing is opaque and quote-based, with no public disclosure. Leadership includes President Don Fetzer (since 2014) and a regional structure with VPs and Managing Directors for the Americas, EMEIA, and APAC regions.

Name

Baltimore Aircoil

Legal name

Baltimore Aircoil Company, Inc.

Website

https://baltimoreaircoil.com

Company type

Private

Founded year

1938

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Baltimore Aircoil is a privately held manufacturer of industrial cooling equipment including evaporative, hybrid, adiabatic, and immersion cooling systems, serving data centers, manufacturing, heavy industrial, food and beverage, and commercial building operators globally across 16 countries.

Ownership category

akta.pro rank

Product category

Industrial Cooling Equipment

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)

akta.pro secondary industries

Chillers & Cooling Plant Equipment (IMAHAKAE), Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

Keywords

• Evaporative cooling equipment
• Cooling towers
• Industrial heat transfer
• HVAC manufacturing
• Immersion cooling systems

Headquarters

HQ city

Baltimore

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Industrial Cooling Equipment Sales: Primary revenue from manufacturing and selling cooling towers, evaporative condensers, hybrid coolers, adiabatic products, ice thermal storage units, and immersion cooling systems. Equipment sales are quote-based with 30-day pricing validity and 30-day net payment terms.
2. Replacement Parts: Sales of original equipment parts including accessories, hardware, drive systems, heat transfer components, and water distribution parts. BAC parts are designed to preserve performance, efficiency, and reliability.
3. Services and Support: Commissioning support, startup services, replacement planning, retrofit planning, and long-term customer support throughout equipment lifecycle.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Baltimore Aircoil Company (BAC) manufactures and sells evaporative cooling towers, closed-circuit cooling towers, hybrid coolers, evaporative condensers, adiabatic and dry coolers, ice thermal storage units, and immersion cooling systems. Products serve HVAC, industrial process cooling, refrigeration, and data center thermal management applications, sold globally through factory-authorized representatives.

Product overview

Baltimore Aircoil Company (BAC) is a global cooling solutions provider with a diversified portfolio of evaporative cooling, hybrid cooling, dry cooling, and thermal storage products. The product portfolio includes: Closed Circuit Cooling Towers (FXV, FXV3, PFi, Series V) for applications requiring fluid isolation; Hybrid Coolers (Nexus® Modular, HXV) combining evaporative and dry technologies; Open Cooling Towers (Series 3000, Series 1500, PT2, Series 5000, Series V, FXT) for commercial and industrial HVAC; Evaporative Condensers (Vertex®, CXVT, CXVB, PCC, Series V, VCA) for refrigeration applications; Ice Thermal Storage Units (TSU-M, TSU ICE CHILLER®) for demand management; TrilliumSeries® products (Dry Cooler, Adiabatic Cooler, Adiabatic Condenser) for water-efficient cooling; and Immersion Cooling Tank with CorTex™ Technology for data centers. Supporting technologies include ENDURADRIVE® Fan Systems, TriArmor® Corrosion Protection, and Baltibond™ Coating. BAC serves industries including data centers, manufacturing (semiconductor, battery), heavy industrial & energy (power generation, chemicals, oil & gas, primary metals, hydrogen & carbon capture), food & beverage, commercial buildings, and district cooling.

Differentiator

Problem solved

Functional benefit

Brands

• BAC: Primary brand and trading name for Baltimore Aircoil Company, Inc., used across all products, services, and communications.

Products and services

• FXV Closed Circuit Cooling Tower Closed-circuit cooling tower with combined-flow technology designed for applications requiring fluid isolation and reduced contamination risk in industrial and commercial process cooling.
• FXV3 Closed Circuit Cooling Tower Closed-circuit cooling tower variant offering enhanced performance for process cooling applications requiring fluid isolation.
• PFi Closed Circuit Cooling Tower Closed-circuit cooling tower designed for industrial process cooling applications.
• Series V Closed Circuit Cooling Tower Closed-circuit cooling tower for commercial and industrial cooling applications.
• Nexus® Modular Hybrid Cooler Modular hybrid cooler combining evaporative and dry technologies in a modular design for adaptability across climates, load conditions, and sustainability goals.
• HXV Hybrid Cooler Hybrid cooler developed in 2002 combining water-efficient evaporative and dry cooling technologies for commercial and industrial sites.
• Series 3000 Cooling Tower Open-circuit induced-draft cooling tower representing BAC's open cooling solutions for HVAC and industrial applications.
• Series 1500 Cooling Tower Compact cooling tower for commercial applications requiring efficient heat rejection.
• PT2 Cooling Tower Cooling tower designed for industrial process cooling applications.
• Series 5000 Industrial Grade Modular Cooling Tower Industrial-grade modular cooling tower designed for heavy industrial applications requiring scalable solutions.
• Series V Cooling Tower Series V open-circuit cooling tower for commercial and industrial HVAC applications.
• FXT Cooling Tower First CTI-certified cooling tower (1983), designed for industrial and commercial applications.
• Vertex® Evaporative Condenser Premium evaporative condenser for refrigeration and industrial applications.
• CXVT Evaporative Condenser Evaporative condenser for industrial refrigeration applications.
• CXVB Evaporative Condenser Evaporative condenser variant for commercial refrigeration applications.
• PCC Evaporative Condenser Evaporative condenser for process cooling applications.
• Series V Evaporative Condenser Series V evaporative condenser for industrial and commercial refrigeration applications.
• VCA Evaporative Condenser Evaporative condenser for HVAC and refrigeration applications.
• TSU-M ICE CHILLER® Thermal Storage Unit Ice-based thermal storage unit introduced in 1982 for load shifting and peak demand reduction in cooling applications.
• TSU ICE CHILLER® Thermal Storage Unit Thermal storage unit for ice-based cooling with demand management capabilities.
• TrilliumSeries® Dry Cooler High-capacity dry cooler launched January 2025 for water-efficient cooling in water-scarce areas, featuring highest cooling capacity in smallest footprint.
• TrilliumSeries® Adiabatic Cooler Water and energy-efficient adiabatic cooler with pre-cooling capability for reduced water consumption.
• TrilliumSeries® Adiabatic Condenser Adiabatic condenser providing efficient heat rejection with water-saving adiabatic pre-cooling.
• Immersion Cooling Tank with CorTex™ Technology (COBALT™ Immersion Cooling System) Patent-pending immersion cooling solution for data centers and high-performance computing applications, providing efficient heat removal with lower water, energy, and noise consumption as part of the COBALT system.
• BAC Replacement Parts and Accessories Original equipment replacement parts including accessories, hardware, drive systems, heat transfer components, water distribution parts, cold water basin parts, and parts for non-BAC equipment.
• BAC Equipment Services and Lifecycle Support Commissioning support, startup services, replacement planning, retrofit planning, and long-term customer support throughout equipment lifecycle for BAC cooling equipment.

Quantifiable outcome

• Water and energy savings through hybrid and adiabatic cooling technologies
• +2 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Asetek: Asetek is a Danish specialist in liquid cooling solutions for gaming, HPC, and data center applications. Competes with BAC's immersion cooling offering at the high-performance computing and AI infrastructure end of the data center market.
• Vertiv: Vertiv is a major data center infrastructure provider offering thermal management including liquid and immersion cooling solutions for AI and hyperscale workloads. Emerging as a direct competitor to BAC's COBALT immersion cooling platform in the data center segment.

Broad incumbents

• Carrier Global: Carrier Global is a major HVAC and refrigeration incumbent with a broad portfolio of chillers, air-handling units, and refrigeration equipment. Overlaps with BAC in commercial cooling towers and industrial refrigeration but serves a much wider product portfolio and customer base globally.
• Johnson Controls: Johnson Controls (York branded chillers and applied cooling) competes with BAC in commercial HVAC and industrial refrigeration, and is where BAC VP Bill McQuade previously held leadership positions. Offers integrated building solutions at much greater scale than BAC.
• Trane Technologies: Trane Technologies is a global HVAC and refrigeration incumbent with a broad portfolio including chillers, air handlers, and applied cooling systems. Comparable to BAC in commercial and industrial cooling applications but at vastly greater scale with adjacent building automation and services revenue.

Direct peers

• ENEXIO: ENEXIO (formerly GEA Heat Exchangers) specializes in evaporative cooling, dry cooling, and hybrid solutions for power, process industries, and HVAC. Direct competitor to BAC in industrial heat rejection and adiabatic cooling technologies.
• Hamon: Hamon is a Belgian-based specialist in air-cooled and wet-cooled heat exchangers, cooling towers, and condensers for power generation and industrial applications. Directly comparable to BAC in heavy industrial and power plant cooling segments across global markets.
• EVAPCO: EVAPCO is one of the closest direct competitors to BAC in evaporative cooling, adiabatic cooling, and hybrid cooling technologies for HVAC, industrial, and refrigeration markets. The two companies compete head-to-head in cooling towers, evaporative condensers, and ice thermal storage worldwide.
• Kelvion: Kelvion (formerly GEA Heat Exchangers) manufactures heat exchangers, cooling towers, and process cooling equipment for industrial, power, and HVAC applications. Directly comparable to BAC in industrial heat transfer and refrigeration coil products.
• SPX Cooling Technologies: SPX Cooling Technologies (part of SPX Technologies) manufactures evaporative cooling towers, air-cooled heat exchangers, and hybrid dry/wet cooling systems serving similar HVAC, industrial process, and power generation end markets as BAC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/coolingisbac

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries15 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 Baltimore Aircoil