InterOcean’s Heat Exchanger Manufacturing Industry Report highlights the continued strength in the sector and the high level of M&A activity among heat exchanger manufacturers. Sector demand is being fueled predominantly by growth in the overall economy and by two of the major end markets; oil & gas refining and ethanol refining. Refineries in both sectors are expected to continue to make considerable growth capital investments of new equipment in order to keep up with continued demand. The availability of capital, strong public equity markets and rising valuations are expected to drive M&A activity in the coming years.
InterOcean Advisors is currently advising on the sale of a manufacturer of large, highly engineered heat exchangers used primarily in the oil & gas industry. InterOcean believes that unprecedented opportunity exists today for heat exchanger manufacturing companies to take advantage of these favorable market conditions.