Matrix Power Services

What Matrix Power Services does

Matrix Power Services, legally renamed Kanadevia Inova Matrix Services US LLC following its April 2, 2025 acquisition by Zurich-based Kanadevia Inova AG, is a full-service power plant contractor headquartered at 59 Davis Drive, Pascoag, Rhode Island. The company delivers boiler, piping, grating, conveyor, fabrication, construction, and 24-hour emergency response services to power generation facilities — primarily gas, oil, coal, and Waste to Energy plants — across the Eastern Seaboard from Maine to Florida. Its customer base includes Waste to Energy operators (Reworld, Waste-Inn, Cogentix), utilities and power generators (AES, CMEEC), and municipal/government entities (City of Tampa), with an estimated service footprint covering approximately 65% of US Waste to X operating plants.

Core technical capabilities center on ASME R, S, and U stamp-certified boiler and pressure vessel fabrication, supported by in-house CNC plasma arc cutting, tube bending, and a fleet of mobile outage trailers staged regionally for rapid mobilization. Service revenue is generated through project-based contracts, multi-year service agreements, and on-demand emergency work, priced on a per-project quote basis. The company employs 172 people (scaling seasonally from a 30+ baseline to 150+ in peak season) and completed 141 projects totaling 128,000 onsite hours across 15 states in 2025. The post-acquisition strategy under Kanadevia Inova extends the offering beyond maintenance into spare parts, sub-system supply, retrofit, engineered upgrades, and digital solutions, positioning the subsidiary as the North American service platform for the parent's global Waste to X technology installed base.

Name

Matrix Power Services

Legal name

Kanadevia Inova Matrix Services US LLC.

Website

https://matrixpower.com

Company type

Private

Founded year

2000

Operating status

Acquired

Headcount range

11–50 employees

Short description

Kanadevia Inova Matrix Services US LLC (formerly Matrix Power Services) is a Rhode Island-based power plant contractor providing ASME-certified boiler, fabrication, construction, and 24/7 emergency services to Waste to Energy, utility, and industrial power generators across the US Eastern Seaboard.

Ownership category

akta.pro rank

Product category

Power Plant Mechanical Services & Fabrication

NAICS

Power and Communication Line and Related Structures Construction (237130), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Engine Generator & Microgrid Power Plant EPC (Diesel/Gas Recip) (EUAEAAAJ)

akta.pro secondary industries

Backup Power & Critical Power Systems (Generators/UPS) (IMAIABAJ), Medium/Low-Voltage Power Distribution (MCCs, Panels, UPS, Grounding) (EUAEAFAB)

Keywords

• Power plant services
• Boiler maintenance
• Industrial fabrication
• Outage support
• Waste to energy services

Headquarters

HQ city

Pascoag

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Maintenance and Outage Services: Project-based and contract-based maintenance services for power plants including shutdowns, turnarounds, and scheduled outages. Revenue generated through long-term service agreements and individual project contracts.
2. Construction and Fabrication: New construction, fabrication, and installation services for power plant equipment including boiler components, pressure vessels, structural steel, and process piping.
3. Emergency Response Services: 24-hour emergency response services with staged equipment and personnel, billed on demand or through service contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Matrix Power Services is a full-service power plant contractor delivering new construction, plant maintenance, boiler services, fabrication, grate and conveyor services, and 24/7 emergency response for power generation facilities. The company serves operators of gas, oil, coal, biomass, hydroelectric, waste-to-energy, and petrochemical plants across the United States from its headquarters in Pascoag, Rhode Island. Services are executed through in-house ASME-certified fabrication shops and mobile outage deployment units.

Product overview

Kanadevia Inova Matrix Services is a full-service power plant contractor offering a comprehensive portfolio of industrial and commercial facility services. The company operates as a unified service offering rather than a modular software platform. Services include New Construction Services (ground-up plant construction, structural steel, concrete, solar installation), Plant Services (maintenance staffing, outage support, service agreements), Boiler Services (ASME R and S stamp certified fabrication and installation), Fabrication Services (tube bending, CNC plasma, header fabrication), Grate and Conveyor Services (repair and replacement), Emergency Services (24/7 response), and Other Services (onsite welding, hydroelectric, mobile services). With over 100 years of combined experience and a team of experienced project managers, estimators, site supervisors, quality control technicians, and craft laborers, the company serves power generation, heavy industrial, manufacturing, mining, and paper and pulp facilities.

Differentiator

Problem solved

Functional benefit

Products and services

• New Construction Services Turnkey construction of power generation assets and plant components for operators of gas, oil, coal, biomass, hydroelectric, waste-to-energy, and petrochemical facilities. Delivered as integrated project execution from the company's fabrication shop and field crews.
• Plant Services Routine and planned maintenance, mechanical retrofits, and outage support services for operating power generation facilities, including mobile outage trailer deployment to reduce outage duration.
• Boiler Services Inspection, retubing, repair, and replacement services for power boilers, leveraging in-house ASME R and S stamp qualifications and NABCO-certified welding procedures.
• Fabrication Services In-house custom fabrication of power plant components using ASME U stamp certification, CNC Plasma Arc Table cutting, and code/non-code boiler tube bending capability for pressure vessels, headers, and replacement parts.
• Grate and Conveyor Services Specialty mechanical services for grate and conveyor systems in biomass and waste-to-energy boilers, including replacement, refurbishment, and ongoing maintenance.
• Emergency Services 24/7 emergency response and rapid mobilization for unplanned outages, boiler tube failures, and breakdown events at power generation facilities, supported by mobile outage trailer units.
• Other Services Ancillary mechanical and field services for power generation facilities that fall outside the core construction, maintenance, boiler, fabrication, grate/conveyor, and emergency response categories.

Quantifiable outcome

• 141 projects completed in 2025
• +2 more outcomes

Named customers6 records

Segments5 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

One partnership is on record.

• Kanadevia InovacoreStrategic or Co-development Partner · 2 April 2025Kanadevia Inova, a global greentech leader in Waste to X and Renewable Gas solutions headquartered in Zurich, Switzerland, acquired Matrix Power Services on April 2, 2025. The acquisition significantly increases Kanadevia Inova's presence in the North American service market for waste management infrastructure. The company underwent a legal name change to Kanadevia Inova Matrix Services US LLC. The acquisition allows Matrix to extend from maintenance services to full plant lifecycle portfolio including spare parts, retrofit, engineered upgrades, and digital solutions across the entire US installed base.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• NAES Corporation: One of the largest independent power plant O&M and services providers in North America. NAES directly competes with Matrix for outage, maintenance, and construction contracts at WtE, biomass, and fossil-fueled power plants.
• EthosEnergy: Global power plant services provider offering maintenance, repair, and overhaul for boilers, turbines, and generators. Directly comparable to Matrix for outage services at US power and WtE facilities.
• Matrix Service Company: Industrial services contractor serving power, oil & gas, and process industries with construction and maintenance offerings — including storage tank and terminal work — directly comparable to Matrix Power Services' plant services model.
• Reworld (formerly Covanta): Largest US owner-operator of Waste to Energy plants and a Matrix customer. While primarily a plant operator, Reworld's in-house services overlap with Matrix's WtE service offerings.

Broad incumbents

• Babcock & Wilcox: Long-established boiler OEM and services provider with significant boiler, environmental, and after-market service offerings to the same waste-to-energy and power generation customers Matrix serves.
• Kiewit Industrial Group: Major EPC contractor with significant power, industrial, and energy-from-waste construction capabilities. Competes with Matrix for new construction and major turnaround scopes at US power plants.
• Burns & McDonnell: Large employee-owned engineering, construction, and consulting firm with a power generation practice that competes with Matrix for plant construction and outage services work.
• APi Group / API National Service Group: Diversified industrial services holding company with subsidiaries in specialty contracting and plant services, comparable in scope and customer overlap to Matrix's industrial services franchise.
• EMCOR Group: Large diversified mechanical and electrical services contractor serving power, industrial, and commercial customers with installation, maintenance, and fabrication capabilities similar to Matrix.

Regional players

• Hamon Custodis: Specialty contractor focused on air pollution control, heat exchange, and boiler services for the power industry — a niche-adjacent peer with overlapping WtE and fossil power plant service offerings in select geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/MatrixPowerUS
• LinkedInlinkedin.com/company/matrix-power-services-inc
• Instagraminstagram.com/matrixpowerservices

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

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 Matrix Power Services