Nuheat Industries Limited
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Nuheat Industries Limited - overview
Location
Richmond, BC, Canada
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
Nuheat Industries Limited provides innovative electric floor heating solutions aimed at enhancing residential comfort, especially in colder climates, with user-friendly products like the Nuheat Mats and Signature Thermostat. Nuheat Industries Limited specializes in electric floor heating products designed to improve home comfort. The company was founded in Richmond, Canada, and has experienced significant business developments, including its acquisition by Pentair in April 2015, although specific financial details of the deal were not disclosed. Nuheat operates primarily out of Richmond and has focused its operations on North America, serving contractors and homeowners alike.
The founder's history is not extensively documented, but the company has established a solid reputation since its inception. Nuheat has successfully closed 2 deals, the most recent being in April 2015. Nuheat specializes in innovative floor heating solutions designed to enhance residential comfort and safety, particularly during extreme weather conditions. The company's core offerings include the Nuheat Mats, which are recognized as the thinnest and easiest-to-install electric floor heating product available.
These mats are designed to provide consistent warmth underfoot, improving the overall indoor climate of homes. Additionally, Nuheat has developed the Signature Thermostat, which is North America's first Wi-Fi-enabled thermostat specifically for floor heating systems, allowing users to control their heating remotely through a smartphone application. Nuheat products cater to a diverse customer base, including homeowners, contractors, and builders, primarily in the North American market, with a focus on regions prone to cold weather, ensuring that users experience optimal comfort all winter long. Nuheat generates revenue through the sale of its floor heating products and associated services, employing a direct-to-consumer model complemented by partnerships with retailers and contractors.
The transactions typically involve the purchase of electric floor heating mats and the installation of the Signature Thermostat, with customers often buying these products as part of home construction or renovation projects. The pricing structure is designed to accommodate various market segments, from DIY homeowners to professional installers, ensuring accessibility to a wider audience. The flagship product, Nuheat Mats, is complemented by the peel-and-stick membrane, forming an integrated system that simplifies installation. By offering high-quality, reliable products that enhance residential comfort, Nuheat solidifies its position within the competitive market of home heating solutions.
Nuheat Industries Limited aims to expand its product line and market reach in the coming years. New products are currently being designed, with plans for launches in the near future, although specific release dates have not been disclosed. The company is targeting expansion into additional North American markets, particularly in regions experiencing extreme weather conditions, to increase its customer base. The recent acquisition by Pentair in April 2015 is expected to provide the resources necessary to support these growth initiatives.
Nuheat is focused on enhancing its product offerings and geographical presence to meet the evolving needs of the market.
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Heating, Cooling & Ventilation Equipment and Services
Website
www.nuheat.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Nuheat Industries Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Nuheat Industries Limited | - | ||||||||
| Buyout | Completed | Nuheat Industries Limited | - |
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Nuheat Industries Limited - employee data


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