Midwest Cooling Tower Services, LLC

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Midwest Cooling Tower Services, LLC - overview

Established

1984

Location

-, LA, US

Primary Industry

Industrial Machinery

About

Midwest Cooling Tower Services, LLC is a US-based provider specializing in cooling tower solutions such as repair, rental, and rebuild services for industrial clients, ensuring operational efficiency across various sectors. Founded in 1984 in the US, Midwest Cooling Tower Services, LLC focuses on delivering cooling tower solutions. The company was acquired by Specialty Welding and Turnarounds LLC on December 20, 2021, enhancing its technical industrial maintenance capabilities. President Danny Wiltz and Vice President Paul Wiltz continue to lead the company post-acquisition, ensuring strategic continuity.


The company operates out of its headquarters in the US, serving a wide range of industrial sectors. Midwest Cooling Tower Services, LLC specializes in comprehensive cooling tower solutions, including repair, rebuild, and rental services. The company has been a leader in this sector for over 40 years, providing critical support to refineries, chemical plants, and power generation facilities. Their modular cooling tower systems are designed for ease of installation and scalability, enabling clients to adjust capacity based on operational demands.


The service offerings also encompass cooling tower inspections, ensuring that clients maintain compliance and optimal functionality. Midwest Cooling Tower Services caters to a diverse clientele that includes some of the largest corporations globally, reflecting its capability to meet the rigorous standards and requirements of various industrial sectors. The firm operates in multiple geographical markets, emphasizing its expansive reach beyond its local base. Midwest Cooling Tower Services generates revenue primarily through direct business-to-business transactions with industrial clients seeking cooling tower solutions.


The company’s revenue model includes service agreements for cooling tower repairs and inspections, alongside rental agreements for modular cooling tower systems. Clients may enter into contracts that provide ongoing maintenance and support for their cooling systems, fostering long-term relationships and recurring revenue streams. While specific pricing details for individual services and equipment are proprietary, the company’s offerings are structured to deliver value through tailored solutions, ensuring that clients receive essential support while optimizing their operational efficiencies. The firm's flagship services are pivotal in maintaining the operational readiness of essential industrial equipment, positioning the company as a trusted partner in the sectors it serves.


The acquisition by Specialty Welding and Turnarounds LLC aims to add cooling tower services to its offerings and expand its technical industrial maintenance capabilities. Future growth plans include launching upcoming products designed to enhance cooling tower efficiency, with anticipated release dates in alignment with market demand. The company is strategizing expansion into new geographic regions, targeting the southeastern US markets by 2023, to broaden its operational footprint. The funding from the recent acquisition will be utilized to support these initiatives, enabling Midwest Cooling Tower Services to enhance its service offerings and operational capacity.


Current Investors

Hastings Equity Partners, ORIX Capital Partners, Specialty Welding and Turnarounds LLC

Primary Industry

Industrial Machinery

Sub Industries

Equipment Rental & Leasing, Facilities & Maintenance Services, Industrial Machinery

Website

www.mwcts.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Midwest Cooling Tower Services, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedMidwest Cooling Tower Services, LLC-
Add-onCompletedTower Performance, Inc.-
BuyoutCompletedMidwest Cooling Tower Services, LLC-

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