- The transaction was effective Sept. 15, 2016
- Superior Holding is a leading manufacturer of Scotch Marine and vertical firetube boilers and boiler equipment
- Superior will continue to manufacture and sell English Boiler & Tube products under the new company name
HUTCHINSON, KS — Superior Holding, Inc., has acquired the business assets of Richmond, Virginia-based English Boiler & Tube. The transaction was effective Sept. 15, 2016. English Boiler is an industry leader in the design and fabrication of packaged watertube boiler systems for large, industrial applications.
Superior Holding is the parent company to Superior Boiler Technologies and Superior Boiler Works, a leading manufacturer of Scotch Marine and vertical firetube boilers and boiler equipment. Superior will continue to manufacture and sell English Boiler & Tube products under the new company name, English Boiler, LLC. Current leaders John English and Rick English will remain as CEO and as president and general manager, respectively.
“The combination of these two industry leaders gives customers a single source for all their industrial boiler and associated boiler room equipment needs,” said Superior Boiler Works CEO Doug Wright. “It opens new markets for both companies and, through a more focused marketing and sales strategy, both can expect future growth. Both companies have strong engineering expertise and will readily accept the most challenging projects for customers who require that expertise. We will continue to focus on delivering exceptional value through customer service and the highest quality products in the industry.”
Superior will maintain English Boiler’s facility in Richmond, Virginia, and use it for future growth opportunities. All current English Boiler employees will be retained. Longer term, Wright said he anticipates the companies’ joint marketing and sales strategies will create additional jobs.
“English Boiler & Tube is excited to become part of the Superior Boiler team,” Rick English said. “Our philosophies of quality products and exceptional customer service and support are aligned, and we knew early on that combining forces with Superior was a good fit. It provides us with an avenue for future growth and stability without impacting our current employees or our continuing operations in Virginia.”
In addition to Superior Holding, Inc., the transaction’s funding investors are Konza Valley Capital, Inc., and MidStates Capital, LP. Parkside Financial Bank and Trust, Clayton, Missouri, provided banking services.