Harbour Group Acquires Cleaver-Brooks, Inc.

Dec 20, 2012, 10:00 ET from Harbour Group

ST. LOUIS, Dec. 20, 2012 /PRNewswire/ -- Harbour Group has acquired Cleaver-Brooks, Inc., Jeff Fox, Harbour Group's chairman and chief executive officer, announced today.  Terms of the transaction were not disclosed.

Cleaver-Brooks is a complete boiler room solutions provider based in Thomasville, Ga.  The company is a leading global designer and manufacturer of fully-integrated proprietary boiler room systems, in which boilers, burners, controls, components and accessories have been engineered to work together seamlessly at peak energy and efficiency.  In addition to its Thomasville headquarters, the company has nine other facilities, in Wisconsin, Nebraska, Texas, Mexico, Canada, and China. 

Mr. Fox said, "Cleaver-Brooks is on the front line of addressing the energy efficiency and emissions concerns of its customers and has a long established track record of developing the broadest and best performing energy-efficient, low-emission boiler room solutions.  An enormous part of the company's success is driven by the Cleaver-Brooks Representatives Association (CBRA), which is active in over 50 countries.  We look forward to supporting the management team, employees, CBRA, and customers to ensure that Cleaver-Brooks continues its leadership role in the boiler industry."

Commenting on the acquisition, Cleaver-Brooks' president and chief executive officer, Welch Goggins, said, "We look forward to working with the experienced leadership team at Harbour Group. Their knowledge and involvement in our business will help us to pursue new growth opportunities through strategic initiatives. Cleaver-Brooks will continue to engineer and manufacture best-in-class, energy-efficient boiler room solutions while providing a superior level of service that our customers have come to expect."

Harbour Group is a privately owned operating company based in St. Louis, Mo.  Harbour Group and its companies are engaged in manufacturing, distribution, and specialty services in multiple industries, including professional diagnostic and repair tools, specialty LED systems, niche distribution, logistics services, decorative kitchen and bath hardware, automotive enthusiast products, abrasives, diamond-cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment.  Since its founding in 1976, Harbour Group has acquired 171 companies in 36 different industries.

SOURCE Harbour Group