Cleaver-Brooks completes acquisition of Cheminée Lining
March 10, 2011
On March 11, 2011, Cleaver-Brooks, a Wellspring Capital Management LLC portfolio company and leading manufacturer of energy-efficient boiler room solutions, announced that it has acquired Cheminée Lining, a stack manufacturer based in Terrebonne, Québec.
For 20 years, Cheminée has enjoyed steady growth, concentrating its efforts primarily in Québec and the Maritimes, Canada. The company offers Cleaver-Brooks a complete line of exhaust gas products (breeching and stacks) for its broad range of boilers. Cheminée manufactures a standard line of stainless steel and AL294C pre-fabricated, insulated breeching and stack system from six inches to 48 inches. The products fit Cleaver-Brooks’ full line of condensing boilers, package hot water and steam boilers and allow for complex arrangements of multiple boiler applications.
Cleaver-Brooks has announced that it will retain Cheminée’s management team and staff. In order to leverage the two companies’ combined strengths, Cleaver-Brooks plans to merge its Quebec operation into Cheminée’s state-of-the-art facility in Terrebonne within six to nine months.
Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $3 billion of private equity capital.
Cleaver-Brooks, headquartered in Thomasville, Georgia, is a world-renowned provider of boiler room products and systems, is committed to providing efficient solutions that help its customers and the industry reduce energy usage, cost and environmental impact. As the pioneer of packaged firetube and watertube boilers, Cleaver-Brooks is the only manufacturer in the world to offer an entirely integrated boiler room solution for any size application. Its products are backed by a world-class representative network offering superior aftermarket service and solutions.
McCarthy Tétrault LLP represented Cleaver-Brooks, the acquiror, with a team led by George Maziotis.