Devco Process Heaters
Devco Process Heaters (DPH) designs and manufactures direct-fired and indirect-fired process heaters, including API 560-style ELITE-HE units, for midstream oil and gas and process industry customers worldwide. Acquired by Zeeco, Inc. in December 2025, it now operates as a Zeeco brand.
- Company typePrivate
- Founded2005
- HeadquartersTulsa, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Devco Process Heaters does
Devco Process Heaters (DPH) is a Tulsa, Oklahoma-based designer and manufacturer of direct-fired and indirect-fired process heaters for midstream oil and gas and broader process industry applications. Founded in February 2005, the company specializes in API 560-style horizontal heaters (ELITE-HE line, applying the LOBO EVANS METHOD design optimization), HELIFLO heaters, direct-fired REGEN and HMO heaters using heat transfer media, indirect water bath heaters, and electric heaters, with throughput capacities ranging from 1 MMBtu/hr to 100 MMBtu/hr. The product portfolio extends beyond heaters to include Combustion Management Systems (CMS), Burner Management System (BMS) packages, fuel trains, circulation skids, hot oil pump skids, expansion tanks, pressure vessels, plant skids and piping systems, Pressure Reduction Skids (PRS), and thermal oxidizers. With over 200 installations deployed worldwide, Devco served customers across gas regeneration, crude oil, NGL, propane, cryogenic, ammonia, steam superheating, asphalt heating, tower reboiling, biodiesel production, and food processing use cases.
Devco operates a sales-led, direct enterprise go-to-market, with quote-based pricing on project-specific configurations and a multilingual website (English, German, Chinese, Spanish, Arabic, Japanese, French) reflecting the international installed base. Revenue streams combine one-time equipment sales (heaters, skids, CMS, BMS, fuel trains, oxidizers) with professional services (on-site commissioning, startup, pipe and skid design, small storage vessels). The company was privately held by Jeff Hutsell from a 2018 management buyback until December 5, 2025, when Zeeco, Inc. acquired Devco; former Devco employees, including Hutsell, have been integrated into expanded roles within Zeeco, and Devco now operates as a Zeeco brand with access to Zeeco's 30+ global locations, 3,000+ employees, and complementary combustion, flare, vapor control, rental, and aftermarket service capabilities.
The acquisition reframes Devco from a small (1-10 employee) specialty manufacturer into the dedicated process heater arm of a global combustion engineering platform, transitioning the business from an equipment-only model to a comprehensive combustion, installation, field service, construction, and aftermarket solutions offering for the U.S. and international midstream oil and gas market.
Devco Process Heaters firmographics
Firmographics- Name
- Devco Process Heaters
- Legal name
- Devco Process Heaters
- Website
- https://devcoheaters.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Devco Process Heaters (DPH) designs and manufactures direct-fired and indirect-fired process heaters, including API 560-style ELITE-HE units, for midstream oil and gas and process industry customers worldwide. Acquired by Zeeco, Inc. in December 2025, it now operates as a Zeeco brand.
- Ownership category
- akta.pro rank
Devco Process Heaters industry classification
Industry- Product category
- Industrial Process Heaters
- NAICS
- Power Boiler and Heat Exchanger Manufacturing (332410), Industrial Process Furnace and Oven Manufacturing (333994), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)
- SIC
- Industrial Process Furnaces & Ovens (3567), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)
- akta.pro secondary industries
- Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Field Treating & Separation (Heater Treaters, Separators, LACT) (EUALACAI)
Keywords
Where Devco Process Heaters is headquartered
LocationHeadquarters
- HQ city
- Tulsa
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Devco Process Heaters business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Process Heater Sales: Sale of standard and custom-designed direct-fired REGEN and HMO heaters, indirect water baths, electric heaters, and horizontal ELITE-HE heaters for midstream oil and gas and process industry applications.
- Equipment Skids and Systems: Sale of hot oil pump skids, expansion tanks, pressure vessels, plant skids and piping systems, pressure reduction skids (PRS), combustion management systems (CMS), fuel trains, and thermal oxidizers.
- Aftermarket Services: Field services including on-site commissioning, startup, pipe and skid design, small storage vessels, and other service offerings for installed base.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Devco Process Heaters product offering
Product offeringCore offering
Devco Process Heaters designs and manufactures direct-fired HMO heaters, indirect water bath heaters, electric heaters, and API 560 style horizontal ELITE-HE heaters for midstream oil and gas and process industry applications. The company offers both standard packaged units and custom-designed systems with capacities from 1 MMBtu/hr to 100 MMBtu/hr, along with supporting combustion management systems, circulation skids, thermal oxidizers, and field services. The company operates from Tulsa, Oklahoma and was acquired by Zeeco, Inc. in December 2025.
Product overview
Devco Process Heaters (DPH) is a process heating solutions provider offering both standard and custom-designed heating systems. The portfolio includes direct-fired REGEN and HMO heaters, indirect water bath heaters, electric heaters, combustion management systems (CMS), circulation skids, thermal oxidizers, and various add-on equipment including hot oil pump skids, expansion tanks, pressure vessels, plant skids, piping systems, pressure reduction skids (PRS), fuel trains, and burner management system (BMS) packages. DPH also offers horizontal API 560 ELITE-HE heaters and HELIFLO heaters. The company operates from Tulsa, Oklahoma, with over 200 installations worldwide. Devco Process Heaters was acquired by Zeeco, Inc. in December 2025 and now operates as a Zeeco brand.
Differentiator
Problem solved
Functional benefit
Brands
- ELITE-HE: API 560 style horizontal heaters applying the LOBO EVANS method
Products and services
- ELITE-HE Heater API 560 horizontal heater applying the LOBO EVANS METHOD, designed for process heating applications in the energy and process industries.
- HELIFLO Heater Helicopter-style heater for process heating applications.
- Combustion Management System (CMS) Combustion management skids and systems that enable plants to maintain uniformity in operation, parts, and maintenance.
- Circulation Skids Standard and custom-designed circulation skids for heating system applications.
- Indirect Heaters (Bath Heaters) Indirect-fired water bath heaters for process heating applications.
- Electric Heaters Standard and custom-designed electric heaters for process heating needs.
- Thermal Oxidizers Thermal oxidation systems for environmental compliance in process industries.
- REGEN Heaters Direct-fired regeneration heaters for gas regeneration and other process applications.
- HMO Heaters (Heat Transfer Media) Direct and indirect-fired heaters using heat transfer media for process heating.
Companies that use Devco Process Heaters
Customer profileSegments2 records
Ideal customer profiles2 records
Devco Process Heaters technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Devco Process Heaters partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Zeeco, Inc.coreZeeco, Inc. completed the acquisition of Devco Process Heaters on December 5, 2025, strengthening its position in the U.S. midstream oil and gas market. The deal makes Zeeco a comprehensive single-source provider of combustion equipment along with installation, field service, construction, and aftermarket solutions. All former Devco Heaters employees, including owner Jeff Hutsell, have been integrated into expanded roles within Zeeco.
Scale indicators2 records
Recent moves4 records
Expansion highlights4 records
Devco Process Heaters competitors and assessment
Company assessmentBroad incumbents
- Zeeco: Zeeco is the parent of Devco and a global leader in combustion and process heater equipment with 3,000+ employees and 30+ locations. It is comparable because Zeeco designs and manufactures process heaters, burners, flare systems, and thermal oxidizers for the same refining, midstream, and petrochemical end markets Devco serves.
- Cleaver-Brooks: Cleaver-Brooks is a broad incumbent in industrial boilers and heat transfer equipment for commercial and industrial applications. It is comparable because its packaged boiler and heat exchanger portfolio overlaps with Devco's packaged heater and skid offerings, though it serves a wider set of end markets.
- Chromalox: Chromalox designs and manufactures electric process heating and thermal solutions for industrial customers. It is comparable to Devco as a broader incumbent in industrial process heating, including the electric heater category Devco offers, though it does not specialize in fired midstream heaters.
- Babcock & Wilcox: Babcock & Wilcox supplies industrial steam generation, heat recovery, and process heat equipment to refining, petrochemical, and power customers. It is a broad incumbent comparable to Devco on the fired-process-heat side, particularly where steam and heat-recovery systems interface with midstream operations.
- Alfa Laval: Alfa Laval is a global broad incumbent in heat exchangers, separation, and fluid handling. It is comparable to Devco because plate, shell-and-tube, and process heat-transfer equipment overlap with Devco's heat transfer media and process heater scope in midstream and process industries.
Direct peers
- Holtec International (Holtec Heater): Holtec designs and supplies process heaters and heat transfer equipment for petrochemical, refining, and gas processing customers. It is directly comparable because Holtec competes for the same API 560 / API 530 fired-heater specifications that Devco targets in midstream and downstream.
- Heatec (Astec Industries): Heatec, part of Astec Industries, manufactures process heaters and thermal fluid heaters used in asphalt plants, petrochemical, and process industries. It is directly comparable to Devco because both supply direct-fired and indirect-fired process heaters with similar thermal-fluid and combustion subsystems.
- Callidus Technologies: Callidus (a Honeywell UOP brand) supplies process fired heaters for refining, petrochemical, and gas processing applications. It is directly comparable to Devco because both specialize in API-standard fired process heaters and integrated burner/heat-recovery packages for midstream and downstream hydrocarbon facilities.
- Eclipse (Eclipse Inc.): Eclipse designs and manufactures industrial process burners and combustion systems used in process heaters and fired equipment. It is directly comparable because Eclipse supplies the burner and combustion subsystems that pair with process heaters like Devco's ELITE-HE and REGEN units.
Emerging players
- Thermon: Thermon provides industrial heat tracing, process heating, and temperature maintenance solutions for energy and process industries. It is comparable as an emerging adjacency to Devco's process heating scope, particularly in pipeline and midstream thermal management, though it is not a direct fired-heater competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Devco Process Heaters social profiles
Digital presenceDevco Process Heaters financial estimates
Financial estimateRevenue estimate
Valuation estimate
Devco Process Heaters leadership team
Management profileNumber of profiles
Profiles1 record
Devco Process Heaters funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Devco Process Heaters 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 Devco Process Heaters
What does Devco Process Heaters do?
Devco Process Heaters designs and manufactures direct-fired HMO heaters, indirect water bath heaters, electric heaters, and API 560 style horizontal ELITE-HE heaters for midstream oil and gas and process industry applications. The company offers both standard packaged units and custom-designed systems with capacities from 1 MMBtu/hr to 100 MMBtu/hr, along with supporting combustion management systems, circulation skids, thermal oxidizers, and field services. The company operates from Tulsa, Oklahoma and was acquired by Zeeco, Inc. in December 2025.
Is Devco Process Heaters a public or private company?
Devco Process Heaters is a private company. It is classified as corporate owned and is currently acquired.
When was Devco Process Heaters founded?
Devco Process Heaters was founded in 2005. It employs 1 to 10 people.
Where is Devco Process Heaters based?
Devco Process Heaters is headquartered in Tulsa, United States, in the North America region.
How does Devco Process Heaters make money?
Three revenue lines are on record. Process Heater Sales are the primary driver. The others are equipment Skids and Systems and aftermarket Services.
Who are Devco Process Heaters's main competitors?
Broad incumbents on record are Zeeco, Cleaver-Brooks, Chromalox, Babcock & Wilcox and Alfa Laval. Direct peers are Holtec International (Holtec Heater), Heatec (Astec Industries), Callidus Technologies and Eclipse (Eclipse Inc.). Thermon is listed as an emerging player.
Does Devco Process Heaters have an API?
No public API is recorded for Devco Process Heaters.
What industry is Devco Process Heaters in?
Devco Process Heaters's product category is Industrial Process Heaters. Its primary akta.pro industry code is IMAHAEAC, Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers), with a secondary code of IMAHAKAC, Heat Exchangers & Thermal Transfer Equipment. Its NAICS code is 332410 and its SIC code is 3567.