About Profire Energy
Profire Energy is a company based in Lindon (United States) founded in 2002 by Harold Albert and Brenton Hatch was acquired by CECO in October 2024.. The company has 72 employees as of December 31, 2022. Profire Energy has completed 2 acquisitions, including Gomillstream and Midflow. Profire Energy offers products and services including Burner Management System and Fuel Trains.
- Headquarter Lindon, United States
- Employees 72 as on 31 Dec, 2022
- Founders Harold Albert, Brenton Hatch
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Profire Energy, Inc
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Annual Revenue
$58.21 M27as on Dec 31, 2023
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Net Profit
$10.78 M173as on Dec 31, 2023
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EBITDA
$12.43 M113as on Dec 31, 2023
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Latest Funding Round
$2.15 M (USD), Post-IPO
Mar 13, 2017
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Investors
CECO
& 1 more
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Employee Count
72
as on Dec 31, 2022
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Investments & Acquisitions
Gomillstream
& 1 more
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Acquired by
CECO
(Oct 29, 2024)
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Products & Services of Profire Energy
Profire Energy offers a comprehensive portfolio of products and services, including Burner Management System and Fuel Trains. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Burner management systems are designed for reliable operation in industrial environments.
Fuel trains are supplied to facilitate safe and efficient fuel delivery in various applications.
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Funding Insights of Profire Energy
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $2.1M
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First Round
First Round
(03 Dec 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Post-IPO - Profire Energy | Valuation |
investors |
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| Dec, 2013 | Amount | Post-IPO - Profire Energy | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Profire Energy
Profire Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include CECO and Chardan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Merger and acquisition advisory firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Provider solutions that protect people, the environment, and industrial equipment
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Profire Energy
Profire Energy has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Gomillstream and Midflow. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of upstream production equipment
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2012 | ||||
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Profire Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Profire Energy Comparisons
Competitors of Profire Energy
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Profire Energy
When was Profire Energy founded?
Profire Energy was founded in 2002 and raised its 1st funding round 11 years after it was founded.
Where is Profire Energy located?
Profire Energy is headquartered in Lindon, United States. It is registered at Lindon, Utah, United States.
Who is the current CEO of Profire Energy?
Brenton Hatch is the current CEO of Profire Energy. They have also founded this company.
How many employees does Profire Energy have?
As of Dec 31, 2022, the latest employee count at Profire Energy is 72.
What is the annual revenue of Profire Energy?
Annual revenue of Profire Energy is $58.21M as on Dec 31, 2023.
What does Profire Energy do?
Profire Energy was founded in 2002 and is headquartered in Lindon, United States, with operations extending to Canada. Focus is placed on delivering combustion management and chemical injection solutions for the upstream and midstream oil and gas industry. Systems are utilized to monitor and manage burners within combustion vessels, supporting efficiency in these sectors. Services are tailored to industry needs in North America.
What products or services does Profire Energy offer?
Profire Energy offers Burner Management System and Fuel Trains.
How many acquisitions has Profire Energy made?
Profire Energy has made 2 acquisitions, including Gomillstream, and Midflow.