Southern Heat Exchanger Corporation

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Southern Heat Exchanger Corporation - overview

Established

1961

Location

Tuscaloosa, AL, US

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

Southern Heat Exchanger Corporation focuses on the design and manufacturing of shell and tube heat exchangers, which are vital in various industrial applications. Their expertise ensures efficient thermal management in critical processes. Founded in 1961, Southern Heat Exchanger Corporation is based in Tuscaloosa, US, specializing in heat exchanger technologies. The company has undergone strategic pivots to enhance operations, focusing on serving industrial clients across North America and select regions in Europe.


Their leadership team includes CEOs Gi Kwon, Gisung Kwon, and Robert Giammaruti. Southern Heat Exchanger has completed a total of 2 deals, with the most recent deal occurring on August 2, 2007, when the company was sold to NDA Group. Southern Heat Exchanger specializes in the design, manufacturing, and maintenance of shell and tube heat exchangers, essential for various industrial processes. The company also provides field services, repairs, gasket production, and machined parts, catering to industries such as oil and gas, chemical processing, and power generation.


Their commitment to innovation and reliability has established strong relationships with large industrial manufacturers and energy companies across North America and Europe. Operating on a B2B transaction model, Southern Heat Exchanger generates revenue through direct sales of specialized heat exchangers and service contracts, including maintenance agreements. The pricing structure is aligned with the bespoke nature of their offerings, reflecting project complexity. Key services like custom heat exchanger design and emergency repairs significantly contribute to their revenue, fostering long-term client partnerships based on reliable service and expertise in the industry.


Southern Heat Exchanger plans to launch new products focused on enhancing the efficiency of heat exchangers, with specific designs expected to debut in the coming years. The company is targeting expansion into new markets, particularly in Europe and Asia, with plans to establish a presence by the end of 2025. The funding obtained from their last deal in August 2007 will support these initiatives, facilitating research and development efforts to innovate and meet emerging client needs.


Primary Industry

Heating, Cooling & Ventilation Equipment and Services

Sub Industries

Heating, Cooling & Ventilation Equipment and Services, Industrial Wholesalers

Website

www.souheat.com

Verticals

Manufacturing

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Southern Heat Exchanger Corporation - 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)
Trade SaleCompletedSouthern Heat Exchanger Corporation-
BuyoutCompletedSouthern Heat Exchanger Corporation-

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