TES Group
TES Group Inc. provides engineered equipment (HRSG, OTSG, boilers), specialized engineering, and construction/maintenance services for steam, power, and process facilities across North America, serving power generation, heavy industry, and data centre operators.
- Company typePrivate
- Founded2016
- HeadquartersEdmonton, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What TES Group does
TES Group Inc. is a privately-held Canadian industrial engineering company that delivers products, engineering services, and construction/maintenance solutions for steam, power, and process facilities. The firm operates from Sherwood Park, Alberta (head office) and Tulsa, Oklahoma (US base), serving power generation plants, heavy industrial operators, and, more recently, data centre infrastructure operators across North America.
The company's core offering spans three integrated modules: equipment supply (Heat Recovery Steam Generators, Once-Through Steam Generators, catalyst systems, boilers, economizers, stacks, tempering/purge air systems, and ductwork); engineering services (ASME code calculations, ABSA registration, steam generator thermal modeling, plant optimization, pressure equipment rerates, fitness-for-service assessments, steam system debottlenecking, field data acquisition, and commissioning/start-up support); and construction, maintenance, and turnaround services (equipment installation, inspection, repair, demolition for retrofits, construction planning and estimating, and air pollution control). The company holds an ASME Certificate of Authorization, National Board of Boiler & Pressure Vessel Inspectors registration, and ISO 9001 certification, which together function as gating credentials in pressure-equipment work.
TES Group generates revenue through one-time equipment sales and professional services engagements (engineering and construction/maintenance), sold via a direct enterprise field sales motion targeting industrial plant operators. The company was founded in 2016, employs 11–50 people, and was backed by private equity firm Foresight from 2024 until its acquisition by French industrial conglomerate Legrand in April 2026 in a deal reportedly exceeding £100m, with Foresight realizing a fourfold return on its two-year investment.
TES Group firmographics
Firmographics- Name
- TES Group
- Legal name
- TES Group Inc.
- Website
- https://tesgroup.ca
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- TES Group Inc. provides engineered equipment (HRSG, OTSG, boilers), specialized engineering, and construction/maintenance services for steam, power, and process facilities across North America, serving power generation, heavy industry, and data centre operators.
- Ownership category
- akta.pro rank
TES Group industry classification
Industry- Product category
- Industrial Engineering and Construction Services for Power and Process Facilities
- NAICS
- Power Boiler and Heat Exchanger Manufacturing (33241), Power Boiler and Heat Exchanger Manufacturing (332410)
- SIC
- Heating Equipment, Except Electric & Warm Air Furnaces (3433), Fabricated Plate Work (Boiler Shops) (3443), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Industrial Boilers, HRSGs & Steam Generators (IMAHAFAF)
- akta.pro secondary industries
- Industrial Process Heat TES (Steam, Kilns, Furnaces, Waste-Heat Coupling) (EUAFANAI), Industrial Steam Systems Decarbonization (Boiler Upgrades, Condensate Recovery, Steam Optimization) (EUABAJAK), Cooling, Water/Steam Cycle & Balance-of-Plant Retrofits (Condensers, Cooling Towers) (EUAEALAK)
Keywords
Where TES Group is headquartered
LocationHeadquarters
- HQ city
- Edmonton
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
TES Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- Equipment and Product Sales: Sale of new equipment including HRSGs, OTSGs, catalyst systems, boilers, economizers, stacks, tempering/purge air systems, and ductwork. Includes supply, enhancements, repairs, upgrades, replacements, and retrofits.
- Engineering Services: Comprehensive engineering services including ASME code calculations, steam generator thermal modeling, plant optimization, pressure equipment rerates, fitness-for-service assessments, steam system debottlenecking, field data acquisition, commissioning and start-up support, and quality surveillance and inspections.
- Construction, Maintenance and Turnaround Services: Complete construction services including steam generator and plant equipment installation, pressure equipment inspection, repair, and maintenance, demolition for retrofits, detailed construction planning and estimating, and air pollution control solutions.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
TES Group product offering
Product offeringCore offering
TES Group Inc. provides advanced products and tailored services for industrial steam, power, and process facilities, including HRSG (Heat Recovery Steam Generator) and OTSG (Once-Through Steam Generator) equipment, emissions and corrosion solutions, specialized engineering, and complete construction and maintenance services. The company supplies new equipment as well as assessments, repairs, upgrades, replacements, retrofits, and custom engineering for power generation and heavy industry clients. Its offering spans detailed equipment design, ASME code calculations, plant optimization, demolition, installation, and air pollution control, enabling optimized, compliant, and reliable industrial plant operations across North America.
Product overview
TES Group Inc. offers a unified portfolio of industrial products and services for power generation and heavy industry. The core product line includes HRSG (Heat Recovery Steam Generators), OTSG (Once-Through Steam Generators), catalyst systems, boilers, economizers, stacks, tempering/purge air systems, and ductwork — all available as new equipment or through enhancements including assessments, repairs, upgrades, replacements, and retrofits. These products are complemented by two key service modules: Engineering Services (covering ASME code calculations, steam generator thermal modeling, plant optimization, pressure equipment rerates, fitness-for-service assessments, and commissioning support) and Construction, Maintenance & Turnaround Services (covering installation, inspection, repair, demolition, construction planning, and air pollution control). The offering also includes emissions and corrosion solutions, providing an integrated approach from equipment supply through construction and maintenance for optimized, compliant, and reliable plant operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Heat Recovery Steam Generators (HRSG) HRSG equipment supply and lifecycle services for power generation and industrial plant operators, including new equipment supply, assessments, repairs, upgrades, replacements, retrofits, and custom engineering to enhance plant performance, safety, and reliability.
- Once-Through Steam Generators (OTSG) OTSG equipment supply and engineering solutions for power generation and heavy industry applications, providing new equipment supply, assessments, and custom engineering.
- Catalyst Systems Catalyst systems designed for emissions control and industrial process optimization in power generation and heavy industry environments.
- Boilers Industrial boilers including power boilers and heating boilers supplied for various industrial applications.
- Economizers Economizer systems that recover heat and improve energy efficiency in industrial plants and power generation facilities.
- Stacks Industrial stack systems supplied for emissions management and venting in power generation and heavy industry applications.
- Tempering/Purge Air Systems Tempering and purge air systems supplied for industrial process control and safety applications in power generation and heavy industry facilities.
- Ductwork Industrial ductwork systems supplied for air and gas handling in power generation and heavy industry facilities.
- Engineering Services Comprehensive engineering services including ASME code calculations, ABSA registration, steam generator thermal modeling, plant optimization, pressure equipment rerates, fitness-for-service assessments, steam system debottlenecking, field data acquisition, commissioning and start-up support, and quality surveillance and inspections for industrial plant operators.
- Construction, Maintenance & Turnaround Services Complete construction, maintenance, and turnaround services including steam generator and plant equipment installation, pressure equipment inspection, repair and maintenance, demolition for retrofits, detailed construction planning and estimating, and air pollution control solutions for industrial plant operators.
- Emissions and Corrosion Solutions Specialized solutions for emissions control and corrosion management in industrial plant environments, including catalyst systems, air pollution control, and corrosion protection to minimize emissions and ensure regulatory compliance.
Companies that use TES Group
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
TES Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
TES Group partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
TES Group competitors and assessment
Company assessmentDirect peers
- Nooter/Eriksen: Nooter/Eriksen is a specialist designer and fabricator of Heat Recovery Steam Generators (HRSGs) for the power and process industries, directly comparable to TES Group's core HRSG/OTSG equipment and aftermarket services offering.
- Vogt Power International: Vogt Power supplies HRSGs and provides field services, retrofits, and replacement equipment for industrial steam generation, closely overlapping with TES Group's HRSG equipment, upgrades, and construction/maintenance work.
- Rentech Boiler Systems: Rentech Boiler Systems designs and services industrial heat recovery and package boilers, directly comparable to TES Group's HRSG/boiler supply and aftermarket services for power and industrial customers.
Broad incumbents
- Babcock & Wilcox: Babcock & Wilcox is a long-established global supplier of power boilers, HRSGs, and environmental systems, addressing the same power generation and heavy industry customers as TES Group but at significantly greater scale and geographic breadth.
- Cleaver-Brooks: Cleaver-Brooks is a leading North American manufacturer of industrial boilers and integrated boiler room solutions, comparable to TES Group's industrial boiler and pressure equipment offering as part of a broader product portfolio.
- Babcock Power (Babcock Power Inc.): Babcock Power owns HRSG and air-cooled condenser specialists (including Nooter/Eriksen and SPX Heat Transfer) serving utility and industrial markets, overlapping with TES Group's HRSG focus and aftermarket/retrofit services at the broader portfolio level.
- Hamon & Cie (Hamon Group): Hamon is a global engineering group supplying HRSGs, heat exchangers, and air-cooled condensers to power and industrial markets, with direct overlap to TES Group's HRSG and thermal equipment offerings.
Emerging players
- Optimus Industries: Optimus Industries provides boiler and HRSG services, retrofits, and pressure equipment work for North American industrial clients, with a comparable specialty focus to TES Group but typically smaller scale and regional scope.
- Fulton Boiler Works: Fulton manufactures and services industrial and commercial boilers, with comparable pressure equipment and aftermarket capabilities to TES Group's industrial boiler product line, though more focused on smaller-scale packaged units.
Regional players
- Thermax Limited: Thermax manufactures industrial boilers, HRSGs, and process heating equipment primarily serving the Indian and Asian markets, with a comparable product portfolio to TES Group but limited North American presence.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
TES Group social profiles
Digital presenceTES Group compliance and trust
Trust signalCompliance3 records
TES Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
TES Group leadership team
Management profileNumber of profiles
Profiles1 record
TES Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TES Group 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 TES Group
What does TES Group do?
TES Group Inc. provides advanced products and tailored services for industrial steam, power, and process facilities, including HRSG (Heat Recovery Steam Generator) and OTSG (Once-Through Steam Generator) equipment, emissions and corrosion solutions, specialized engineering, and complete construction and maintenance services. The company supplies new equipment as well as assessments, repairs, upgrades, replacements, retrofits, and custom engineering for power generation and heavy industry clients. Its offering spans detailed equipment design, ASME code calculations, plant optimization, demolition, installation, and air pollution control, enabling optimized, compliant, and reliable industrial plant operations across North America.
Is TES Group a public or private company?
TES Group is a private company. It is classified as corporate owned and is currently acquired.
When was TES Group founded?
TES Group was founded in 2016. It employs 11 to 50 people.
Where is TES Group based?
TES Group is headquartered in Edmonton, Canada, in the North America region.
How does TES Group make money?
Three revenue lines are on record. Equipment and Product Sales are the primary driver. The others are engineering Services and construction, Maintenance and Turnaround Services.
Who are TES Group's main competitors?
Direct peers on record are Nooter/Eriksen, Vogt Power International and Rentech Boiler Systems. Broad incumbents are Babcock & Wilcox, Cleaver-Brooks, Babcock Power (Babcock Power Inc.) and Hamon & Cie (Hamon Group). Emerging players are Optimus Industries and Fulton Boiler Works. Thermax Limited is listed as a regional player.
Does TES Group have an API?
No public API is recorded for TES Group.
What industry is TES Group in?
TES Group's product category is Industrial Engineering and Construction Services for Power and Process Facilities. Its primary akta.pro industry code is IMAHAFAF, Industrial Boilers, HRSGs & Steam Generators, with a secondary code of EUAFANAI, Industrial Process Heat TES (Steam, Kilns, Furnaces, Waste-Heat Coupling). Its NAICS code is 33241 and its SIC code is 3433.