Illingworth Engineering Company has been acquired by Thermal Tech

The shareholders of Illingworth Engineering Company have sold the company to Thermal Tech, Inc.

Illingworth Engineering Company specializes in the design, sale, repair and service of packaged boiler systems throughout north Florida and south Georgia. Founded in 1939 by Dick Illingworth, the company was sold in 1945 to O.H. Fletchall and has been in the family ever since. With over 80 years in the industry, Illingworth has proudly maintained well-established customer and vendor relationships and is recognized as the longest-standing authorized Cleaver-Brooks representative in the US.

Thermal Tech is a commercial and industrial boiler repair, installation and maintenance service provider located in central Florida. The firm was established in Tampa, Florida, in 1984 by one of O.H. Fletchall’s sons, Don Fletchall, and Hugh Wilson.

Oaklins’ team in Jacksonville acted as the lead advisor to the seller and the management of Illingworth Engineering Company in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers, and assisted them until closing.

DIENSTLEISTUNG

Verkauf

PARTEIEN

«The decision to sell a business that had been in my family for over 75 years was obviously a big one, so I needed an advisor who would be able to guide me through every step while understanding the unique dynamics of a family-owned business. In Oaklins, I found a partner who understood the value of a multi-generational business and was able to seamlessly navigate the transaction process from start to finish. We told them that our buyer had to be one whose vision and operations were in line with Illingworth’s mission, culture and goals. The team was successful in finding and negotiating terms with such a buyer.»

Michael Fletchall

Owner, Illingworth Engineering Company

Sprechen Sie mit dem Deal Team

Joe Hawkins

Principal

Jacksonville, Vereinigte Staaten
Oaklins Heritage

Kurzprofil Kontakt aufnehmen

Mary Frosio

Principal

Jacksonville, Vereinigte Staaten
Oaklins Heritage

Kurzprofil Kontakt aufnehmen

Don Wiggins

Principal

Jacksonville, Vereinigte Staaten
Oaklins Heritage

Kurzprofil Kontakt aufnehmen

Robert Cilek

Director

Jacksonville, Vereinigte Staaten
Oaklins Heritage

Kurzprofil Kontakt aufnehmen

Transaktionen

Tekova Oyj has completed a technical listing on the Nasdaq First North Growth Market Finland

Bauwirtschaft

Tekova Oyj has completed a technical listing on the Nasdaq First North Growth Market Finland

Tekova Oyj has successfully completed a technical listing (IPO) on the Nasdaq First North Growth Market Finland. This transaction marks a significant milestone in the company’s growth strategy, enhancing its visibility and access to capital markets.

Mehr erfahren

VINCI Energies has acquired RH Marine and Bakker Sliedrecht

Bauwirtschaft

VINCI Energies has acquired RH Marine and Bakker Sliedrecht

RH Marine and Bakker Sliedrecht have been acquired by VINCI Energies. With this transaction, VINCI Energies will gain market position in the Dutch maritime sector and strengthen its industrial portfolio.

Mehr erfahren

LM Gruppen A/S has been acquired by Infra Group

Private Equity | Bauwirtschaft

LM Gruppen A/S has been acquired by Infra Group

Full-service utility contractor LM Gruppen A/S has been sold to Infra Group (Infra Management, PAI Partners, ICG and Andera Partners).

Mehr erfahren