Energy Exchanger Company

What Energy Exchanger Company does

Energy Exchanger Company is a privately held, family-owned manufacturer of custom shell and tube heat exchangers headquartered in Tulsa, Oklahoma, with continuous family ownership since founding in 1974. The company designs and fabricates pressure vessels, power boilers, and tubular heat exchangers to ASME Section VIII Div 1 (U-stamp #12,370), ASME Section 1 (S-stamp #12,371), API 660, and TEMA standards, and is a member of TEMA, HTRI, and API. It also holds an NBIC R-stamp (#2,888) for repairs and alterations. Manufacturing capabilities include units up to 120 inches in diameter, 75 feet in length, and 60 tons (up to 100 tons with outside cranes), supported by a 60,000 sq ft indoor facility and a 400,000 sq ft yard, with hydrostatic testing up to 10,000 PSI.

The product portfolio centers on custom shell and tube heat exchangers and clad/weld overlay heat exchangers using specialty metallurgies (carbon steel, stainless steel, Hastelloy, Inconel, Monel, titanium, aluminum, and API 934 C and E chrome materials), supplemented by replacement parts and a National-Board-certified repairs and alterations service. Engineering is performed in-house using HTRI Xist for thermal rating, Hexagon PVElite/CodeCalc for mechanical design, and Paulin NozzlePro for finite element analysis, with an engineering team averaging 24 years of industry experience.

The business model is project-based B2B direct sales to industrial customers, primarily in oil and gas, refining, petrochemical, and power generation. There is no e-commerce or self-serve channel; customers submit sales inquiries via the website, receive quotations, and track jobs through a customer portal. Revenue is generated from one-time equipment orders, replacement parts, and professional repair/alteration services. The company employs 101–250 people and has historically maintained stable, single-facility operations in the United States.

Name

Energy Exchanger Company

Legal name

Energy Exchanger Company

Website

https://energyexchanger.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

101–250 employees

Short description

Energy Exchanger Company is a family-owned Tulsa, Oklahoma manufacturer that designs and fabricates custom ASME-certified shell and tube heat exchangers, pressure vessels, and clad/weld overlay units for industrial customers in oil and gas, refining, and power generation.

Ownership category

akta.pro rank

Product category

Industrial Heat Exchangers

NAICS

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

SIC

Fabricated Plate Work (Boiler Shops) (3443), Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro primary industry

Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC)

akta.pro secondary industries

Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Industrial Boilers, HRSGs & Steam Generators (IMAHAFAF), Boilers, Furnaces & Process Heating Equipment (IMAHAKAD)

Keywords

• Shell and tube heat exchangers
• Pressure vessel manufacturing
• Industrial heat transfer equipment
• ASME-certified fabrication
• Clad weld overlay exchangers

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom Shell and Tube Heat Exchangers: Design and manufacturing of custom shell and tube heat exchangers to customer specifications with ASME certifications. One-time project-based revenue for equipment orders.
2. Replacement Parts: Supply of replacement parts for existing heat exchangers and equipment.
3. Repairs and Alterations: National Board certified repairs and alterations services (Stamp R) for existing heat exchanger equipment.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Energy Exchanger Company custom-designs and manufactures shell and tube heat exchangers, rod baffle exchangers, clad and weld overlay heat exchangers, and pressure vessels for industrial customers. The company supports full-service capabilities from in-house thermal and mechanical engineering (HTRI Xist, FEA, ASME design) through fabrication, with additional offerings in replacement parts, repairs, and alterations. Production capabilities extend to units up to 120 inches in diameter, 75 feet in length, and 60 tons in weight.

Product overview

Energy Exchanger Company is a double minority-owned manufacturer that has been producing shell and tube heat exchangers since 1974. Their product portfolio centers on custom-manufactured shell and tube heat exchangers, including standard and complicated configurations, as well as specialized clad and weld overlay heat exchangers. They offer replacement parts as a complement to their full exchanger products. In addition to manufacturing, the company provides in-house engineering services including mechanical design, thermal rating, and finite element analysis. Their capabilities span multiple metallurgies (carbon steel, stainless steel, chrome alloys, Hastelloy, Inconel, Monel, titanium, and aluminum) and they can fabricate units up to 120 inches in diameter and 75 feet in length.

Differentiator

Problem solved

Functional benefit

Products and services

• Shell and Tube Heat Exchangers
• Clad and Weld Overlay Heat Exchangers
• Pressure Vessel Manufacturing
• Replacement Parts
• Repairs and Alterations Services

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• TEMA (Tubular Exchanger Manufacturers Association)coreStrategic or Co-development PartnerMembership organization for tubular heat exchanger manufacturers. Engineering manager sits on TEMA technical committee and serves as TEMA liaison to API. Core industry partnership for standards development and compliance.
• HTRI (Heat Transfer Research, Inc.)coreTechnology or IntegrationHeat transfer research organization. Company thermal engineer chairs local HTRI committee. Partnership provides access to thermal rating software and industry research for heat exchanger design.
• API (American Petroleum Institute)coreStrategic or Co-development PartnerIndustry standards organization for oil and gas. Company is member with engineering manager serving as TEMA liaison to API. Standards compliance including API 660 for heat exchangers.
• ASME (American Society of Mechanical Engineers)coreStrategic or Co-development PartnerStandards organization for pressure equipment. Company holds U-stamp (#12,370), S-stamp (#12,371), and builds to ASME Section VIII Div 1 and Section 1 standards.

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Regional players

• Thermax Limited: Thermax is an India-headquartered manufacturer of heat exchangers, boilers, and process equipment for oil & gas, power, and chemical customers. It is comparable in shell and tube exchanger manufacturing scale but primarily serves Asian, Middle Eastern, and African markets rather than North America.
• Borsig GmbH: Borsig is a German manufacturer of shell and tube heat exchangers, pressure vessels, and process equipment for petrochemical, refinery, and power plant applications. It is comparable to Energy Exchanger in custom exchanger manufacturing but primarily serves European and Middle Eastern markets.
• Hamon & Cie: Hamon is a Belgium-headquartered engineering group manufacturing air-cooled heat exchangers, shell and tube exchangers, and cooling towers for power, oil & gas, and process industries globally. It is comparable in product scope but competes primarily outside the US market where Energy Exchanger operates.
• IHI Corporation (Process Plant Division): IHI designs and fabricates heat exchangers, pressure vessels, and process modules for petrochemical, LNG, and power generation customers globally. It is comparable in ASME/API-grade custom heat exchanger manufacturing but operates primarily from Japan and serves the broader Asian market.

Others

• Alleima (formerly Sandvik Materials Technology): Alleima is a global manufacturer of advanced stainless steels and special alloys as well as industrial heat exchanger tubes. While it is a key tube supplier to fabricators like Energy Exchanger, its heat exchanger business overlaps in alloy/metallurgy capability rather than finished unit fabrication.

Direct peers

• API Heat Transfer: API Heat Transfer (formerly APV/API Basco) manufactures shell and tube heat exchangers along with plate and air-cooled exchangers for chemical, petrochemical, and HVAC applications. It competes directly with Energy Exchanger in custom shell and tube fabrication for industrial process customers.
• Chart Industries: Chart Industries fabricates custom heat exchangers, cold boxes, and process equipment for the LNG, petrochemical, and industrial gas industries. Its process equipment segment overlaps directly with Energy Exchanger's shell and tube heat exchanger offering in hydrocarbon processing applications.
• Holtec International: Holtec International operates an ASME-certified heavy manufacturing complex and fabricates heat exchangers, pressure vessels, and other capital equipment for nuclear, fossil, and process industries. It is a direct comparable in ASME-certified custom pressure equipment manufacturing.
• Koch Heat Transfer (KHT): Koch Heat Transfer is one of the largest North American manufacturers of shell and tube heat exchangers, serving refineries, petrochemical, and power generation customers with custom fabrication. It is the most direct competitor to Energy Exchanger in custom shell and tube exchanger manufacturing.
• Kelvion (formerly SPX Heat Transfer): Kelvion manufactures shell and tube heat exchangers, plate heat exchangers, and air-cooled exchangers for oil & gas, chemical, and HVAC markets. It is a leading direct peer in custom heat exchanger fabrication serving similar refinery and process-industry customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/EnergyExchangerCo

Compliance5 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 Energy Exchanger Company