Enerquip

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.

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

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

• Thermal heat exchangers
• Vapor condensers
• Industrial process heaters
• Tube bundle fabrication
• Energy sector fabrication

Headquarters

HQ city

Medford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D

Core 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

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Hutcheon ServicescoreStrategic or Co-development Partner · 25 February 2025EnerQuip 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

Broad 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

• Xx.com/enerquip_llc
• Facebookfacebook.com/EnerquipLLC
• LinkedInlinkedin.com/company/enerquip-llc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Enerquip