Xchanger
Xchanger is a private, employee-owned manufacturer of industrial heat exchangers, blower aftercoolers, evaporators, and condensers, founded in 1972 and based in Hopkins, Minnesota. It serves chemical, energy, food, pharmaceutical, plastics, and water-treatment customers worldwide through custom built-to-order equipment.
- Company typePrivate
- Founded1972
- HeadquartersHopkins, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Xchanger does
Xchanger, Inc. is a privately held, employee-owned manufacturer of industrial heat exchangers, blower aftercoolers, evaporators, and condensers. Founded in February 1972 and headquartered at a 16,000-square-foot facility at 1401 7th Street South in Hopkins, Minnesota, the company designs and builds custom heat-transfer equipment for chemical processing, energy and power generation, food and pharmaceutical, plastics manufacturing, water and wastewater treatment, and environmental remediation customers. Xchanger reports more than 25,000 heat exchangers installed worldwide, with approximately 20 percent of production exported primarily to destinations outside North America.
Xchanger's core technology is extended-surface plate-fin and tube heat-exchanger construction, which delivers higher heat-transfer area per unit volume and substantially lower pressure drop than conventional shell-and-tube designs. The HP Series, for example, achieves pressure drop as low as 1/10 PSI versus approximately 2 PSI for shell-and-tube equivalents, with cited annual compressor operating-cost savings of roughly $50,000. The portfolio comprises eleven distinct series — AA (air-to-air), BG (biogas dehumidification), C (multi-stage gas cooling/heating), D (dairy/pharmaceutical sanitary), HP (high pressure), HR (gas-to-gas heat recovery), LC (multi-circuit liquid cooling), OC (lube oil cooling), TV (tank vent condensing), plate-fin and tube cores, and a Custom line — supported by Non-linear Finite Element Analysis (FEA) used as a virtual engineering tool to validate designs. The company holds ASME Section VIII U and UM stamps for pressure-vessel compliance and operates an ISO 9000-based quality system, qualifying it as an approved vendor for ISO 9000-certified Fortune 500 customers and the U.S. Department of Energy.
Revenue is generated through quote-based, built-to-order sales of custom heat exchangers and replacement parts (tube bundles, fin cores, headers, components). The go-to-market is direct sales via phone, email, and an online contact form, staffed by application engineers who respond within one business day; pricing is not publicly disclosed and each unit is engineered against the customer's specific installation requirements. Distribution is direct from the Hopkins factory, with international export handled through direct factory sales. Headcount is reported in the 11–50 employee range, and the company has not raised external funding or pursued acquisition activity.
Xchanger firmographics
Firmographics- Name
- Xchanger
- Legal name
- Xchanger, Inc.
- Website
- https://xchanger.com
- Company type
- Private
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Xchanger is a private, employee-owned manufacturer of industrial heat exchangers, blower aftercoolers, evaporators, and condensers, founded in 1972 and based in Hopkins, Minnesota. It serves chemical, energy, food, pharmaceutical, plastics, and water-treatment customers worldwide through custom built-to-order equipment.
- Ownership category
- akta.pro rank
Xchanger industry classification
Industry- Product category
- Industrial Heat Exchangers
- NAICS
- Power Boiler and Heat Exchanger Manufacturing (332410)
- SIC
- 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 industry
- Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC)
Keywords
Where Xchanger is headquartered
LocationHeadquarters
- HQ city
- Hopkins
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Xchanger business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Custom Heat Exchanger Sales: Built-to-order custom heat exchangers for specific industrial applications. Each unit is optimized for particular demands of its installation. Includes engineering, manufacturing, and installation support.
- Replacement Parts: Replacement heat exchanger cores and parts for existing installations. Tube bundles, fin cores, headers, and components.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | — | Custom Equipment - Quote Based |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Xchanger product offering
Product offeringCore offering
Xchanger designs and builds custom and standard industrial heat exchangers, blower aftercoolers, evaporators, and condensers used to control temperature, humidity, and gas composition in chemical processing, energy, food, pharmaceutical, plastics, water treatment, and environmental remediation applications. Units are engineered and built-to-order at the company's Hopkins, MN facility using extended-surface plate-fin and tube technology in aluminum, copper, carbon steel, stainless steel, and high-performance alloys, with ASME Section VIII code stamping available for pressure vessel compliance.
Product overview
Xchanger offers a portfolio of eleven distinct heat exchanger product series plus custom solutions for industrial applications. The product line centers on fin-tube and fin-plate heat exchanger surfaces in aluminum, copper, carbon steel, stainless steel, and high-performance alloys. The AA Series provides air-to-air heat exchange for blower aftercooling; BG Series handles biogas dehumidification; C Series offers multi-stage gas cooling/heating with plate-fin construction; D Series serves dairy and pharmaceutical sanitary requirements; HP Series delivers high-pressure extended-surface units; HR Series enables gas-to-gas heat recovery; LC Series provides liquid cooling with multi-circuit capability; OC Series offers compact lube oil cooling for engines; TV Series delivers tank vent condensing for product recovery. Heat Exchanger Cores serve as replacement units, while Custom Heat Exchangers address unique specifications. Supporting these core products are online engineering calculators (gas flow, equilibrium temperature, psychrometric) that help customers specify appropriate solutions. The company also manufactures blower aftercoolers, evaporators, and condensers as related products. All products are built to order using proven designs with engineering customization.
Differentiator
Problem solved
Functional benefit
Products and services
- AA Series Air to Air Heat Exchangers Air-to-air heat exchangers used for blower aftercooling, where ambient air dissipates heat from hot air discharged from rotary lobe or centrifugal blowers; can be fitted with duct flanges for intake/exhaust and portable configurations with 12V motors.
- BG Series Biogas Dehumidifiers Heat exchangers designed for biogas dehumidification in landfill gas and biogas cogeneration systems, protecting downstream piston and turbine power generation engines.
- C Series Gas Cooling and Heating Heat Exchangers Gas cooling and heating heat exchangers designed for multi-stage operations, capable of alternately cooling, heating, and dehumidifying gas streams using water, refrigerant, glycol mixtures, heat transfer oil, and steam, featuring extended-surface plate-fin construction.
- D Series Dairy and Pharmaceutical Heat Exchangers Heat exchangers designed for dairy and pharmaceutical systems, conditioning (cooling, dehumidifying, reheating, and HEPA filtering) air to keep systems sanitary and free of product degradation.
- HP Series High Pressure Heat Exchangers Extended-surface high pressure heat exchangers with cylindrical ASME code-stamped housing, designed to cool gas streams with minimal pressure drop (as low as 1/10 PSI) and narrow temperature approach for improved efficiency.
- HR Series Gas to Gas Heat Recovery Heat Exchangers Heat exchangers for gas-to-gas heat recovery applications in air separation plants and other industrial processes.
- LC Series Liquid Coolers Air-cooled liquid coolers that can cool multiple independent fluid circuits under a single fan, such as compressed air, lube oil, and nitrogen from a liquid nitrogen evaporator, using 48 inch diameter fans with up to 3 HP motors.
- OC Series Oil Coolers Compact lube oil coolers for industrial engines with a convenient two-pass design with connections on the same side, reducing piping requirements; can include explosion-proof motors and non-sparking fans.
- TV Series Tank Vent Condensers Plate-fin and tube tank vent condensers used to condense vapors in low pressure gas streams from storage tanks or reactor vents, with minimal pressure loss (less than 0.05 PSI) for condensate recovery and pollution control.
- Heat Exchanger Cores Plate Fin and Tube Replacement heat exchanger cores available in plate fin and tube configurations, designed for various industrial applications including chemical, hydrocarbon processing, plastics, and pharmaceutical industries.
- Custom Heat Exchangers Custom-engineered heat exchangers built to specific requirements, incorporating special features such as materials of construction, fluid connection sizes and types, orientation, and centerline height as needed.
- Blower Aftercoolers Accessory products that work with heat exchangers to cool hot air from blower discharges, protecting downstream equipment and preventing condensation in pneumatic conveying systems.
- Evaporators and Condensers Temperature and humidity control equipment including evaporators and condensers used in various industrial processes.
Quantifiable outcome
- HP Series extended surface exchangers reduce pressure drop to 1/10 PSI vs 2 PSI for shell and tube, saving $50,000/year in compressor operating costs
Companies that use Xchanger
Customer profileNamed customers2 records
Segments6 records
Ideal customer profiles3 records
Xchanger technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Xchanger partnerships and signals
Strategic signalScale indicators5 records
Recent moves5 records
Expansion highlights5 records
Xchanger competitors and assessment
Company assessmentBroad incumbents
- Alfa Laval: Global leader in heat transfer, separation and fluid handling; competes with Xchanger in brazed-plate and gasketed heat exchangers for chemical, energy and HVAC applications.
- Chart Industries: Provides cryogenic and process heat-transfer equipment including brazed plate and fin-and-tube heat exchangers for industrial gas, energy and chemical customers.
- SPX Heat Transfer (SPX Technologies): Supplies heat exchangers and related thermal equipment for industrial and HVAC markets through a broad portfolio, overlapping with Xchanger in process and HVAC heat-transfer applications.
Direct peers
- HRS Heat Exchangers: Specializes in corrugated-tube and plate heat exchangers for process industries including chemical, food and environmental applications; competes on similar sanitary/heat-recovery use cases.
- SWEP (Dover Corporation): Manufactures brazed plate heat exchangers widely used in HVAC, refrigeration and industrial heat recovery; competes with Xchanger in compact heat-transfer applications.
- API Heat Transfer: US-based manufacturer of plate, shell-and-tube, and finned heat exchangers serving similar industrial-process end markets; comparable built-to-order model and customer base to Xchanger.
- Kelvion: Specialist industrial heat exchanger manufacturer offering plate, shell-and-tube, and finned units; directly overlaps Xchanger's plate-fin and fin-tube product lines across chemical, energy and process industries.
- Graham Corporation: Designs and manufactures heat transfer and heat exchanger equipment, including for energy, petrochemical and process industries; closest comparable in custom engineered industrial heat exchangers.
Regional players
- Hamon Group: European-focused supplier of heat exchangers, air-cooled condensers and cooling systems for power and process industries; comparable technology stack with geographic complementarity.
Emerging players
- Holtec International: Supplies heat-transfer equipment for industrial and energy applications, including heat exchangers for power and process markets; partial product and end-market overlap.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Xchanger compliance and trust
Trust signalCompliance2 records
Xchanger financial estimates
Financial estimateRevenue estimate
Valuation estimate
Xchanger leadership team
Management profileNumber of profiles
Profiles1 record
Xchanger funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Xchanger 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 Xchanger
What does Xchanger do?
Xchanger designs and builds custom and standard industrial heat exchangers, blower aftercoolers, evaporators, and condensers used to control temperature, humidity, and gas composition in chemical processing, energy, food, pharmaceutical, plastics, water treatment, and environmental remediation applications. Units are engineered and built-to-order at the company's Hopkins, MN facility using extended-surface plate-fin and tube technology in aluminum, copper, carbon steel, stainless steel, and high-performance alloys, with ASME Section VIII code stamping available for pressure vessel compliance.
Is Xchanger a public or private company?
Xchanger is a private company. It is classified as management employee owned and is currently operating.
When was Xchanger founded?
Xchanger was founded in 1972. It employs 11 to 50 people.
Where is Xchanger based?
Xchanger is headquartered in Hopkins, United States, in the North America region.
How does Xchanger make money?
Two revenue lines are on record. Custom Heat Exchanger Sales are the primary driver. The others are replacement Parts.
Who are Xchanger's main competitors?
Broad incumbents on record are Alfa Laval, Chart Industries and SPX Heat Transfer (SPX Technologies). Direct peers are HRS Heat Exchangers, SWEP (Dover Corporation), API Heat Transfer, Kelvion and Graham Corporation. Hamon Group is listed as a regional player. Holtec International is listed as an emerging player.
Does Xchanger have an API?
No public API is recorded for Xchanger.
What industry is Xchanger in?
Xchanger's product category is Industrial Heat Exchangers. Its primary akta.pro industry code is IMAHAEAC, Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers), with a secondary code of IMAHAKAC, Heat Exchangers & Thermal Transfer Equipment. Its NAICS code is 332410 and its SIC code is 3585.