Burnham Holdings
Burnham Holdings is a Lancaster, Pennsylvania-based holding company operating more than ten subsidiaries that design, manufacture, and market boilers and thermal HVAC products for residential, commercial, and industrial customers across the East, South, and Midwestern United States.
- Company typePublic
- Founded1858
- HeadquartersLancaster, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Burnham Holdings does
Burnham Holdings, Inc. is a publicly traded holding company (OTC: BURCA) headquartered in Lancaster, Pennsylvania, that operates a multi-subsidiary platform in the HVAC industry with origins dating back to 1858. The company designs, manufactures, and markets boilers and related thermal products for residential, commercial, and industrial applications through more than ten wholly-owned subsidiaries organized into three business units: Residential (U.S. Boiler Company, Velocity Boiler Works, New Yorker Boiler Company, Governale), Commercial (Burnham Commercial, Bryan Steam, Thermal Solutions, CSI Services, Thermal InMotion), and Integration (Casting Solutions, Lancaster Metal Manufacturing). Core technologies span high-efficiency stainless steel and aluminum condensing boilers, flexible water tube boilers, copper-finned boilers, cast iron and steel gas/oil boilers, and cast iron radiators and heat distribution products.
The company generates revenue primarily through hardware sales of boilers and HVAC equipment distributed via direct field sales to enterprise and commercial buyers, and through dealer/contractor networks for residential products. Complementary revenue streams include managed services through Thermal InMotion's mobile boiler rentals and professional services through CSI Services' commercial mechanical contracting. Vertical integration via in-house iron casting (Casting Solutions) and sheet metal production (Lancaster Metal Manufacturing) supplies key components to the broader subsidiary platform. FY2025 net sales reached a record $258.1 million across a manufacturing footprint spanning the East, South, and Midwestern United States, with go-to-market organized through direct field sales, subsidiary brand distribution, mobile rental, and service contracting channels.
Recent strategic actions include the divestiture of legacy asbestos liabilities and $90.4 million in pension obligations, the divestiture of Thermo Products and Norwood Manufacturing, the opening of the U.S. Boiler Condensing Center of Excellence, and the February 2026 Chapter 11 filing of subsidiary Crown Boiler Co. The company is led by President and CEO Christopher R. Drew and trades on OTC Pink Sheets with a market capitalization of approximately $88.66 million and a dividend yield of 3.7%.
Burnham Holdings firmographics
Firmographics- Name
- Burnham Holdings
- Legal name
- Burnham Holdings, Inc.
- Website
- https://burnhamholdings.com
- Company type
- Public
- Founded year
- 1858
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Burnham Holdings is a Lancaster, Pennsylvania-based holding company operating more than ten subsidiaries that design, manufacture, and market boilers and thermal HVAC products for residential, commercial, and industrial customers across the East, South, and Midwestern United States.
- Ownership category
- akta.pro rank
Burnham Holdings industry classification
Industry- Product category
- HVAC Equipment Manufacturing
- NAICS
- Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Power Boiler and Heat Exchanger Manufacturing (33241), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)
- SIC
- Heating Equipment, Except Electric & Warm Air Furnaces (3433), Fabricated Plate Work (Boiler Shops) (3443), Steam & Air-Conditioning Supply (4961)
- akta.pro primary industry
- HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)
- akta.pro secondary industries
- Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), Chillers, Boilers & Central Plant Operations (BPABACAG), HVAC & Refrigeration Contracting (IMAFALAB), Boiler & Hydronic Heating System Installation (HSAOAGAF)
Keywords
Where Burnham Holdings is headquartered
LocationHeadquarters
- HQ city
- Lancaster
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Burnham Holdings business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Others
Revenue model
- Boiler and HVAC Product Sales: Sale of residential, commercial, and industrial boilers and related HVAC products including condensing boilers, cast iron boilers, steel boilers, copper-finned boilers, heat distribution products, and accessories. Products are sold under established brand names including U.S. Boiler, Velocity Boiler Works, New Yorker Boiler, Bryan Steam, Burnham Commercial, and Thermal Solutions.
- Mobile Boiler Rental: Thermal InMotion provides temporary turn-key mobile boiler room rental solutions for steam and hot water boilers, serving commercial and industrial customers with short-term heating needs.
- Commercial Industrial Services: CSI Services provides full-service commercial industrial mechanical contracting including boiler, heat recovery, and chilled water system installation, service, and preventative maintenance.
- Foundry and Metal Manufacturing: Casting Solutions converts scrap metal into boiler castings and gray and ductile iron castings. Lancaster Metal Manufacturing produces painted light-gauge metal parts for internal use.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Other | Dividend payments to shareholders |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Burnham Holdings product offering
Product offeringCore offering
Burnham Holdings designs, manufactures, and sells boilers and related HVAC products for residential, commercial, and industrial applications through multiple wholly-owned subsidiaries. The company produces high-efficiency condensing boilers, cast iron and steel boilers, copper-finned boilers, flexible water tube boilers, cast iron radiators, and heat distribution products. It also offers mobile boiler room rentals, commercial mechanical contracting services, and vertically integrated iron castings and sheet metal manufacturing.
Product overview
Burnham Holdings is a holding company that operates a multi-subsidiary platform in the HVAC industry, offering the widest array of thermal-specific technologies. The company is structured around three main segments: Residential HVAC subsidiaries (U.S. Boiler, Velocity Boiler Works, New Yorker Boiler, and Governale) providing hydronic heating products; Commercial HVAC subsidiaries (Thermal Solutions, Bryan Steam, Burnham Commercial, CSI Services, and Thermal InMotion) providing boiler and heating solutions for commercial and industrial applications; and Associated Businesses (Casting Solutions and Lancaster Metal Manufacturing) providing vertical integration through iron castings and sheet metal manufacturing. Products include high-efficiency stainless steel and aluminum condensing boilers, industrial boilers, copper-finned boilers, cast iron and steel gas and oil boilers, cast iron radiators, and boiler room accessories. The portfolio is complemented by rental boiler services and commercial mechanical contracting services.
Differentiator
Problem solved
Functional benefit
Brands
- U.S. Boiler: Residential HVAC products including high-efficiency condensing stainless steel boilers, cast iron and steel boilers, combination heat and hot water boilers
- Velocity Boiler Works
- New Yorker Boiler
- Governale
- Bryan Boilers
- Burnham Commercial
- Thermal Solutions
- CSI Services
- Thermal InMotion
- Casting Solutions
- Lancaster Metal Manufacturing
- Crown Boiler
Products and services
- U.S. Boiler A recognized leader in residential boilers offering high-efficiency condensing stainless steel boilers, cast iron and steel boilers, combination heat and hot water boilers, as well as cast iron and steel heat distribution products, indirect-fired water heaters, and accessories.
- Velocity Boiler Works Residential boiler products including high-efficiency condensing boilers, combination heat and hot water boilers, cast iron boilers, indirect-fired water heaters, warm air furnaces, and a full line of accessories.
- New Yorker Boiler Steel boiler brands and a line of gas and oil-fired cast iron boilers for residential applications.
- Governale Cast iron radiators, baseboards, convectors, and accessories offering high quality and dependable performance for residential heat distribution.
- Thermal Solutions Compact, high-efficiency stainless steel condensing, copper tube, and stainless steel boilers and water heaters for light commercial markets, from small commercial buildings to educational facilities to multi-unit residential applications.
- Bryan Steam (Bryan Boilers) Flexible water tube boilers, including high-efficiency stainless steel condensing, noncondensing, and high-pressure steam units for heating and process applications in commercial and industrial markets.
- Burnham Commercial High-quality boilers and control systems for commercial and industrial applications, featuring firetube boilers of scotch marine and firebox design, as well as large modular and packaged cast iron water and steam boilers.
- CSI Services A full-service commercial industrial mechanical contracting company specializing in Boiler, Heat Recovery, and Chilled Water systems, offering customized preventative maintenance plans.
- Thermal InMotion A sales, mobile and rental boiler-room solution for commercial needs, with locations in Lancaster, PA and Abingdon, MD providing turn-key mobile boiler room rental options for steam and hot water boilers.
Quantifiable outcome
- Q1 2026 net sales increased 18.7% to $66.2 million
- +4 more outcomes
Companies that use Burnham Holdings
Customer profileSegments4 records
Ideal customer profiles3 records
Burnham Holdings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Burnham Holdings partnerships and signals
Strategic signalScale indicators16 records
Recent moves8 records
Expansion highlights4 records
Burnham Holdings competitors and assessment
Company assessmentBroad incumbents
- Bosch Thermotechnology: Bosch Thermotechnology is a global manufacturer of heating and hot water solutions including high-efficiency condensing boilers, heat pumps, and commercial systems. It competes across multiple Burnham brands in residential and commercial hydronic heating.
- Carrier Global Corporation: Carrier is a global HVAC and building solutions major offering residential, commercial, and industrial heating products including boilers and hydronic systems through its IAC and Commercial HVAC businesses. It is a broad incumbent competing with Burnham across multiple segments.
- A.O. Smith Corporation: A.O. Smith is a leading global manufacturer of water heaters, boilers, and water treatment products serving residential and commercial markets. It is a broad incumbent in the same hydronic heating and water-heating category as Burnham's residential and commercial boiler lines.
Direct peers
- Watts Water Technologies: Watts Water manufactures water and plumbing products including boilers and hydronic heating components for residential and commercial applications. It directly overlaps with Burnham's thermal and water-heating product portfolio.
- Bradford White Corporation: Bradford White manufactures water heaters, boilers, and storage tanks for residential, commercial, and industrial applications. It directly competes with several Burnham subsidiaries in the hydronic heating and water-heating categories.
- Rinnai America Corporation: Rinnai is a major manufacturer of tankless water heaters, boilers, and hydronic heating systems for residential and light commercial applications. It directly competes with U.S. Boiler, Velocity Boiler Works, and Thermal Solutions in high-efficiency heating.
- Cleaver-Brooks: Cleaver-Brooks is a leading North American manufacturer of commercial and industrial boiler systems, including firetube, watertube, and condensing boilers. It directly competes with Burnham Commercial, Bryan Steam, and Thermal Solutions in the C&I boiler market.
- Triangle Tube / Ideal Boilers (Ideal Heating): Triangle Tube, part of Ideal Heating, manufactures high-efficiency condensing boilers and water heaters for residential and light commercial markets in North America. It directly overlaps with Burnham's high-efficiency condensing product lines.
Emerging players
- Miura America Co., Ltd. Miura is a Japanese-headquartered manufacturer of modular on-demand steam boilers used widely in commercial and industrial applications in North America. It competes with Bryan Steam and Burnham Commercial in modular commercial boiler offerings.
- Navien, Inc. Navien is a manufacturer of high-efficiency condensing tankless water heaters and combi-boilers for residential and light commercial markets. It is an emerging player with overlapping technology and customer segments with Burnham's high-efficiency boiler brands.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Burnham Holdings social profiles
Digital presenceBurnham Holdings financial estimates
Financial estimateRevenue estimate
Valuation estimate
Burnham Holdings leadership team
Management profileNumber of profiles
Profiles13 records
Burnham Holdings subsidiaries and ownership
Company hierarchySubsidiaries12 records
Burnham Holdings funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Burnham Holdings M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Burnham Holdings
What does Burnham Holdings do?
Burnham Holdings designs, manufactures, and sells boilers and related HVAC products for residential, commercial, and industrial applications through multiple wholly-owned subsidiaries. The company produces high-efficiency condensing boilers, cast iron and steel boilers, copper-finned boilers, flexible water tube boilers, cast iron radiators, and heat distribution products. It also offers mobile boiler room rentals, commercial mechanical contracting services, and vertically integrated iron castings and sheet metal manufacturing.
Is Burnham Holdings a public or private company?
Burnham Holdings is a public company. It is classified as public and is currently operating.
When was Burnham Holdings founded?
Burnham Holdings was founded in 1858. It employs 501 to 1,000 people.
Where is Burnham Holdings based?
Burnham Holdings is headquartered in Lancaster, United States, in the North America region.
How does Burnham Holdings make money?
Four revenue lines are on record. Boiler and HVAC Product Sales are the primary driver. The others are mobile Boiler Rental, commercial Industrial Services and foundry and Metal Manufacturing.
Who are Burnham Holdings's main competitors?
Broad incumbents on record are Bosch Thermotechnology, Carrier Global Corporation and A.O. Smith Corporation. Direct peers are Watts Water Technologies, Bradford White Corporation, Rinnai America Corporation, Cleaver-Brooks and Triangle Tube / Ideal Boilers (Ideal Heating). Emerging players are Miura America Co., Ltd. and Navien, Inc..
Does Burnham Holdings have an API?
No public API is recorded for Burnham Holdings.
What industry is Burnham Holdings in?
Burnham Holdings's product category is HVAC Equipment Manufacturing. Its primary akta.pro industry code is IMAHAKAB, HVAC Equipment (Heating, Cooling & Air Handling), with a secondary code of IMAHAEAC, Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers). Its NAICS code is 333414 and its SIC code is 3433.