Powerhouse Acquires North Carolina Boiler Company, Corn Service
CSI had been owned and operated by Forward Ventures Inc.
GASTONIA, N.C. — Powerhouse Equipment and Engineering Co. Inc. announced it has acquired boiler service company, Corn Service Inc. (CSI), of Gastonia, North Carolina. Powerhouse said this acquisition will allow it to better service its rental boiler customers in the Mid-South, Southeast, and Gulf Coast regions of the United States.
CSI had been owned and operated by Forward Ventures Inc., which ran the company successfully for seven years after acquiring the business from its original owners in 2009. Powerhouse has a long history with CSI, mostly through a common partner, Energy Equipment Co. (EEC), which uses the Gastonia facility for storing and reconditioning its fleet of packaged boilers. Powerhouse said it will continue this relationship with EEC, which will give Powerhouse customers more purchase options.
“The opportunity to acquire a company in the boiler business is rare, but to acquire a company with 40+ years of boiler service, a great reputation, and family values is just about impossible,” said Powerhouse CEO and president, Matt Stohner, “Powerhouse targeted this area of the country for growth and we can now offer high-quality equipment at more competitive prices.”
Scott Garriel, most recently COO of Powerhouse, will run the Gastonia operation. Powerhouse said it will continue the many long-term relationships CSI has established with regional customers, including VA hospitals, manufacturers, power producers, schools, universities, and more. In addition, Powerhouse will use the Gastonia facility to build, store, and service its growing rental boiler fleet.
For more information about Powerhouse, visit www.powerhouse.com.
For more information about Corn Service, visit www.cornservice.com.
Publication date: 2/17/2016