Cleaver-Brooks has been acquired by Harbour Group, a privately owned operating company based in St. Louis, MO. Terms of the transaction were not disclosed.
“We look forward to working with the experienced leadership team at Harbour Group. Their knowledge and involvement in our business will help us to pursue new growth opportunities through strategic initiatives," says Cleaver-Brooks President and CEO Welch Goggins. "Cleaver-Brooks will continue to engineer and manufacture best-in-class, energy-efficient boiler room solutions while providing a superior level of service that our customers have come to expect,” Goggins says.
“Cleaver-Brooks is on the front line of addressing energy efficiency and emissions concerns of its customers and has a long established track record of developing the broadest and best performing energy-efficient, low-emission boiler room solutions," says Jeff Fox, Harbour Group’s Chairman and CEO. "An enormous part of the company’s success is driven by the Cleaver-Brooks Representatives Association (CBRA), which is active in over 50 countries. We look forward to supporting the management team, employees, CBRA, and customers to ensure that Cleaver-Brooks continues its leadership role in the boiler industry.”
Harbour Group is a privately owned operating company based in St. Louis, Mo. Harbour Group and its companies are engaged in manufacturing, distribution, and specialty services in multiple industries, including professional diagnostic and repair tools, specialty LED systems, niche distribution, logistics services, decorative kitchen and bath hardware, automotive enthusiast products, abrasives, diamond-cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 171 companies in 36 different industries.
Cleaver-Brooks is a worldwide manufacturer of boiler room products and systems, committed to providing efficient solutions that help its customers and the industry reduce energy usage, cost and environmental impact. As the pioneer of packaged firetube and watertube boilers, Cleaver-Brooks is the only manufacturer in the world to offer an entirely integrated boiler room solution for any size application. Its products are backed by a world-class representative network offering superior aftermarket service and solutions.