Enerquip
Enerquip is a privately held US-based industrial manufacturer founded in 1985 that designs and fabricates thermal-transfer equipment — heat exchangers, vapor condensers, heaters, and tube bundles — for process customers across multiple industrial sectors.
- Company typePrivate
- Founded1985
- HeadquartersMedford, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Enerquip does
Enerquip is a privately held industrial manufacturer founded in 1985 and headquartered in Medford, United States, with an employee base in the 101–250 range. According to its firmographic profile, the company designs and fabricates thermal-transfer equipment — including heat exchangers, vapor condensers, heaters, and tube bundles — serving industrial process customers across multiple sectors. The business is a for-profit, independently owned entity with no disclosed parent, institutional investors, or venture backing.
The available source data indicates a fabrication- and manufacturing-centric business model built on engineered-to-order metal equipment rather than a productized or subscription offering. Pricing is not publicly disclosed and no named products, revenue model, or customer segments are documented in the sources, so go-to-market mechanics and contract structures cannot be verified from the input. The one concrete, dated commercial event in the record is a February 2025 acquisition of the fabrication division of Hutcheon Services in Aberdeen, Scotland — a roughly £1 million investment that transferred eight staff and included assets, work-in-progress, and a specialized radiation-source transportation container tied to the acquirer's prior operations.
Note a material data caveat: the firmographic profile (Medford, US-based thermal-equipment maker) and the transactional records (a UK-focused "EnerQuip" pursuing a £25 million 2025 revenue target via Scottish fabrication expansion) may reference two distinct or partially conflated entities. Beyond the 2025 acquisition, historical, financial, and product-level information in the sources is thin, and most standard commercial fields are empty.
Enerquip firmographics
Firmographics- Name
- Enerquip
- Website
- https://enerquip.com
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Enerquip is a privately held US-based industrial manufacturer founded in 1985 that designs and fabricates thermal-transfer equipment — heat exchangers, vapor condensers, heaters, and tube bundles — for process customers across multiple industrial sectors.
- Ownership category
- akta.pro rank
Enerquip industry classification
Industry- Product category
- Industrial Heat Transfer Equipment
- NAICS
- Power Boiler and Heat Exchanger Manufacturing (33241), Power Boiler and Heat Exchanger Manufacturing (332410), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)
- SIC
- Industrial Process Furnaces & Ovens (3567), 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), Boilers, Furnaces & Process Heating Equipment (IMAHAKAD)
Keywords
Where Enerquip is headquartered
LocationHeadquarters
- HQ city
- Medford
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Enerquip business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D
Enerquip product offering
Product offeringCore offering
Enerquip designs and manufactures industrial thermal solutions — heat exchangers, vapor condensers, heaters, and tube bundles — for energy and process industry customers. Following its February 2025 acquisition of Hutcheon Services' fabrication division in Aberdeen, the company also fabricates specialized equipment such as radiation source transportation containers, expanding its custom fabrication capability to serve UK and European energy-sector clients.
Product overview
EnerQuip is a fabrication and manufacturing company operating in the energy sector. The company specializes in fabrication services, including specialized equipment such as radiation source transportation containers. In February 2025, EnerQuip acquired the fabrication division of Hutcheon Services in Aberdeen, Scotland, enhancing its Scottish fabrication capacity through an approximately £1 million investment. The company pursues growth initiatives and international expansion with a revenue goal of £25 million by 2025. The available source data does not provide specific named products, product pages, or detailed service offerings beyond the acquisition information.
Differentiator
Problem solved
Functional benefit
Products and services
- Heat Exchangers
Companies that use Enerquip
Customer profileIdeal customer profiles1 record
Enerquip technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Enerquip partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Hutcheon ServicescoreEnerQuip acquired the fabrication division of Hutcheon Services in Aberdeen. The deal included assets and work-in-progress, notably a specialized radiation source transportation container connected to EnerQuip's past operations. Eight staff members were transferred as part of this acquisition, representing an investment of approximately £1 million to enhance Scottish fabrication capacity.
Scale indicators3 records
Enerquip competitors and assessment
Company assessmentBroad incumbents
- Alfa Laval: Global leader in heat transfer, separation, and fluid handling with a vast heat exchanger portfolio. Comparable as a dominant incumbent serving the same industrial thermal equipment customers across energy, chemical, and processing end markets.
- GEA Group: Diversified industrial equipment maker with a strong heat exchangers and process heating line. Comparable as a larger incumbent competing for thermal equipment orders in similar end markets.
- SPX Heat Transfer (SPX Technologies): Provider of heat transfer and industrial cooling solutions under brands like SPX Cooling and Marley. Comparable as a broader thermal equipment incumbent serving similar commercial/industrial buyers.
Direct peers
- Kelvion: Specialist manufacturer of heat exchangers, cooling towers, and process heat transfer equipment. Directly comparable as a focused heat-exchanger fabricator serving similar industrial and energy customers.
- API Heat Transfer (now part of Tadiran): Manufacturer of heat exchangers and thermal management products for industrial and process applications. Closely comparable as a custom heat-exchanger fabricator in similar customer segments.
- Graham Corporation: Custom designer and manufacturer of thermal management equipment including heat exchangers and condensers for defense, energy, and process industries. Comparable as a similarly-sized niche fabricator.
- Chromalox: Specialist manufacturer of industrial heating solutions including heat exchangers and process heaters. Directly comparable as a niche thermal equipment fabricator serving energy and process industries.
Emerging players
- Holtec International: Specializes in nuclear-related equipment and radiation source transport containers. Comparable specifically to Enerquip's acquired Hutcheon radiation container work, in a highly regulated nuclear logistics sub-segment.
Regional players
- Hamworthy Combustion (Kongsberg Maritime): UK- and Europe-based manufacturer of combustion and thermal process heating equipment for marine and industrial markets. Comparable as a regional thermal equipment player serving similar Aberdeen-area energy customers.
Others
- Watson-Marlow (Watson-Marlow Fluid Technology Solutions): Industrial fluid handling and process equipment manufacturer, including thermal products. Comparable as an adjacent industrial equipment supplier serving overlapping process-industry customers.
Market position
Strengths4 records
Weaknesses4 records
Key risks5 records
Key highlights5 records
Customer concentration
Enerquip social profiles
Digital presenceEnerquip financial estimates
Financial estimateRevenue estimate
Valuation estimate
Enerquip leadership team
Management profileNumber of profiles
Enerquip subsidiaries and ownership
Company hierarchySubsidiaries1 record
Enerquip funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Enerquip 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 Enerquip
What does Enerquip do?
Enerquip designs and manufactures industrial thermal solutions — heat exchangers, vapor condensers, heaters, and tube bundles — for energy and process industry customers. Following its February 2025 acquisition of Hutcheon Services' fabrication division in Aberdeen, the company also fabricates specialized equipment such as radiation source transportation containers, expanding its custom fabrication capability to serve UK and European energy-sector clients.
Is Enerquip a public or private company?
Enerquip is a private company. It is classified as unknown and is currently operating.
When was Enerquip founded?
Enerquip was founded in 1985. It employs 101 to 250 people.
Where is Enerquip based?
Enerquip is headquartered in Medford, United States, in the North America region.
Who are Enerquip's main competitors?
Broad incumbents on record are Alfa Laval, GEA Group and SPX Heat Transfer (SPX Technologies). Direct peers are Kelvion, API Heat Transfer (now part of Tadiran), Graham Corporation and Chromalox. Holtec International is listed as an emerging player. Hamworthy Combustion (Kongsberg Maritime) is listed as a regional player. Watson-Marlow (Watson-Marlow Fluid Technology Solutions) is listed as an others.
Does Enerquip have an API?
No public API is recorded for Enerquip.
What industry is Enerquip in?
Enerquip's product category is Industrial Heat Transfer Equipment. Its primary akta.pro industry code is IMAHAKAC, Heat Exchangers & Thermal Transfer Equipment, with a secondary code of IMAHAEAC, Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers). Its NAICS code is 33241 and its SIC code is 3567.