Crown Boiler Co.

What Crown Boiler Co. does

Crown Boiler Co. is a Philadelphia-based manufacturer of residential and commercial heating equipment, founded in 1958 and operating as a wholly-owned subsidiary of Burnham Holdings, a diversified publicly-traded industrial conglomerate. The company's product portfolio spans residential gas boilers (Aruba, Bali, Bermuda, Bimini, Cabo, Cayman, Phantom, Raptor series), residential oil boilers (Freeport, Kingston, Tobago series), commercial boilers (Bimini Commercial, FW, Phantom-X, Series 16H, Series 24), indirect fired water heaters (Maxi-Therm 2 and Mega-Stor in horizontal, vertical, and solar variants), and warm air furnaces in both gas (80+ and 90+ AFUE) and oil configurations. Technical differentiation is concentrated in proprietary accessories such as the EZ Combi Kit, Phantom Combi, OC System outdoor reset, and Bimini Buddy, with select product lines (Bimini BWC) offering solar integration and ECM circulator compatibility for higher-efficiency hydronic operation.

The company runs an indirect, contractor-only distribution model: all products are sold and installed through authorized HVAC contractors, supported by employed sales representatives, a Contractor Locator tool, a dedicated contractor sign-up portal, and the Crown Boiler University training and certification program. Customer segments are split between residential homeowners (primary), commercial building operators, and HVAC contractors as a channel partner persona. Revenue is generated through hardware sales of boilers, water heaters, and furnaces, with pricing determined quote-by-quote through the distribution channel rather than publicly disclosed; the company also participates in Energy Star certification programs, regional rebate programs (NJ, CT oil-to-gas conversions), and consumer financing partnerships.

Burnham Holdings announced an operational wind-down of Crown Boiler Co. in April 2025; the subsidiary subsequently filed for voluntary Chapter 11 bankruptcy protection on February 25, 2026 to resolve legacy obligations. The filing constituted a technical Event of Default under Burnham's lending arrangements, for which the parent received a formal banking waiver to preserve group-level operations. Per available data, the company is classified as closed/in restructuring, with no offsetting expansion, funding, or product-launch signals.

Name

Crown Boiler Co.

Legal name

Crown Boiler Co.

Website

https://crownboiler.com

Company type

Private

Founded year

1958

Operating status

Closed

Headcount range

11–50 employees

Short description

Crown Boiler Co. is a Philadelphia-based manufacturer of residential and commercial boilers, indirect fired water heaters, and warm air furnaces, selling exclusively through authorized HVAC contractors. The company operates as a wholly-owned subsidiary of Burnham Holdings and filed for Chapter 11 bankruptcy in February 2026 following an April 2025 operational wind-down.

Ownership category

akta.pro rank

Product category

Heating Equipment Manufacturing

NAICS

Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro primary industry

Boilers, Furnaces & Process Heating Equipment (IMAHAKAD)

akta.pro secondary industry

Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF)

Keywords

• Residential gas boilers
• Commercial boiler systems
• Oil-fired boilers
• Indirect water heaters
• Warm air furnaces

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Heating Equipment Sales: Crown Boiler Co. generates revenue through the manufacture and sale of heating equipment including residential and commercial boilers, warm air furnaces, and indirect fired water heaters. Products are sold through a network of authorized contractors and distributors.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Crown Boiler Co. manufactures and sells cast iron heating equipment, including residential and commercial gas-fired and oil-fired boilers, indirect fired water heaters, and warm air furnaces. Products are produced for residential space heating, domestic hot water, and commercial building heating applications and are sold exclusively through an authorized HVAC contractor and distributor network across the United States.

Product overview

Crown Boiler Co. manufactures a comprehensive portfolio of heating products including residential and commercial boilers (gas and oil-fired), indirect fired water heaters, and warm air furnaces. The residential gas boiler lineup includes the Aruba, Bali, Bermuda, Bimini, Cabo, Cayman, Phantom, and Raptor series. Residential oil boilers include the Freeport, Kingston, and Tobago series. Commercial offerings span the Bimini Commercial, FW, Phantom-X, Series 16H, and Series 24 lines. Water heating solutions include the Maxi-Therm 2 and Mega-Stor series (horizontal, vertical, and solar variants). Warm air furnaces are available in gas (80+ and 90+ series) and oil configurations (Hiboy, Horizontal/Counterflow, and Loboy). Accessories include Bimini-specific products, OC control systems, and steam boiler piping kits. The company operates as a subsidiary of Burnham Holdings and filed for Chapter 11 bankruptcy in February 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Gas Boilers

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves5 records

Expansion highlights2 records

Direct peers

• Slant/Fin: Manufacturer of residential and commercial hot water boilers, baseboard heating, and finned tube radiation. Direct competitor in residential hydronic heating with shared contractor distribution and U.S. focus.
• U.S. Boiler Company: Sibling subsidiary of Burnham Holdings manufacturing residential and commercial hydronic boilers. Directly comparable product portfolio (cast iron gas and oil boilers) and contractor distribution, sharing a common parent with Crown Boiler.
• Weil-McLain: Manufacturer of residential and commercial hydronic boilers with overlapping cast iron and condensing product lines. Directly comparable in product category, contractor-led distribution model, and U.S. residential/commercial customer base.
• Utica Boilers: Manufacturer of residential and commercial boilers (gas, oil, steam) with strong U.S. contractor channel presence. Closely comparable product line, customer segments, and distribution model.
• Peerless Boiler: Manufacturer of cast iron residential and commercial boilers serving the U.S. market through plumbing and HVAC contractors. Closely comparable product mix, channel structure, and customer base.
• New Yorker Boiler Company: Another Burnham Holdings subsidiary producing residential and commercial hydronic boilers. Direct portfolio overlap and shared parent oversight under the same corporate umbrella as Crown Boiler.

Broad incumbents

• Burnham Holdings: Publicly traded parent company of Crown Boiler with multiple boiler, furnace, and commercial service brands. Operates broadly in residential and commercial heating and is the corporate parent that wound down Crown Boiler in 2025.
• Bosch Thermotechnology: Global heating equipment manufacturer offering residential and commercial boilers (gas, oil, condensing) alongside broader HVAC and water heating portfolio. Comparable in residential and small commercial hydronic heating.
• Viessmann: European-headquartered manufacturer of condensing boilers, hydronic heating systems, and integrated home climate solutions with U.S. presence. Comparable in residential and commercial hydronic heating.

Emerging players

• Navien: Manufacturer of high-efficiency condensing combi-boilers and tankless water heaters with growing U.S. residential and light commercial presence. Competes directly in the residential condensing boiler category.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/crown-boiler-company

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 Crown Boiler Co.