Yown's Boiler Services has been acquired by Thermogenics
March 2020 — The shareholders of Yown's Boiler and Furnace Service, Inc. (Yown's) have sold the company to Thermogenics, Inc., an Ironbridge Equity Partners portfolio firm.
Yown's is a full-service boiler and industrial process burner company providing sales, service, installation, and repairs of boilers, pressure vessels, piping systems, and industrial combustion applications. The company is also a licensed contractor in both natural and propane gas applications.
Thermogenics is a leading North American manufacturer of coiled tube steam, hot water and thermal fluid boilers, and related equipment. Its product portfolio is primarily used within industrial, commercial, and institutional applications, serving a variety of end markets, including healthcare and hospitals, food and beverage, and pharmaceutical.
Our role in the transaction
Oaklins’ team in Jacksonville acted as the lead advisor to the seller and the management of Yown's Boiler Services in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers, and assisted them until closing.
Talk to the deal team
Related deals
Cibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreGroGlass has been acquired by Apogee Enterprises
Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.
Learn moreNextalia has acquired a majority stake in Witapp
Nextalia SGR S.p.A. has acquired a majority stake in Witapp S.r.l., an Italian company specializing in software development for the digitization of healthcare infrastructure. The acquisition strengthens Nextalia’s track record in technology companies serving the public sector and supports its strategy of investing in businesses operating at the intersection of healthcare digitization and the modernization of public services.
Learn more