Harbour Group's Cleaver-Brooks Completes Two Acquisitions

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Jul 21, 2014, 11:00 ET

ST. LOUIS, July 21, 2014 /PRNewswire/ -- Cleaver-Brooks, a Harbour Group company, announced today that it has acquired two Texas-based boiler sales and service companies: Holman Boiler Works, which operates 12 regional offices in six states, and Affiliated Power Services ("APS"), with offices in Dallas, Houston and Corpus Christi, Tex.

"These are two outstanding companies," said Jeff Fox, Chairman and CEO of Harbour Group. "The sales, service, rental, design and fabrication they deliver leads the industry in their markets. The combination with Cleaver-Brooks, which provides the broadest and best performing energy-efficient, low-emission boiler room solutions in the industry, will further improve their already exceptional customer service."

Commenting on the acquisition, Cleaver-Brooks' President and CEO Welch Goggins said: "Holman is a leader in providing customer-focused solutions in the boiler sales and service industry throughout the Gulf Coast and the Midwest. The addition of Holman as well as APS, which has an outstanding reputation in the refining, petrochem, and commercial boiler industry throughout Texas, will enable Cleaver-Brooks to further strengthen our relationships with our customers and better understand and anticipate their needs. We look forward to supporting the management teams and employees from both of these fine organizations to ensure that they continue to excel in boiler room sales and service."

About Holman Boiler Works
Holman Boiler Works, Inc. is one of the nation's largest full-service boiler solutions providers. As a single-source supplier for more than 65 years, Holman is the leader in designing and delivering a full range of integrated boiler solutions for commercial and industrial markets. Holman's unique go-to-market strategy combines the strength of local sales and 24/7/365 service support through its 12 regional offices. Visit holmanboiler.com for more information.

About Affiliated Power Services
With more than 150 years of combined industry experience, APS and its affiliates focus on the repair and maintenance of industrial and commercial boilers and marine vessels. In addition to its core service offerings, the company also sells and rents boilers to leading power, refining, and petrochemical companies, as well as operators of large hotels, hospitals, food processing plants, and other commercial facilities throughout the southwestern United States. The company's in-house custom fabrication capabilities enable APS to offer a single source for heavy component fabrication, field service repairs, and ongoing field maintenance. Visit apowerserv.com for more information.

About Cleaver-Brooks
Cleaver-Brooks, a world-renowned provider of boiler room products and systems, provides 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. Visit cleaverbrooks.com for more information.

About Harbour Group
Harbour Group is a privately owned, operations focused company based in St. Louis, Mo. Harbour Group and its companies are engaged in manufacturing and distribution in multiple industries, including flow and energy measurement, boiler systems, professional diagnostic and repair tools, specialty LED systems, niche distribution, logistics services, decorative kitchen and bath hardware, 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 175 companies in 37 different industries.

SOURCE Harbour Group