Thermal Tech Acquires Illingworth Engineering Company
May 27, 2022
Thermal Tech, Inc., a central Florida commercial and industrial boiler services provider, has acquired Illingworth Engineering Company, a long-standing family-owned designer, seller and servicer of packaged boiler systems in north Florida and south Georgia. Heritage Capital Group served as exclusive financial advisor to Illingworth in the transaction, which completes a multi-generational family ownership transition.
- Buyers
- Thermal Tech, Inc.
- Targets
- Illingworth Engineering Company
- Sellers
- Michael Fletchall, Fletchall family
- Industry
- HVAC & Mechanical
- Location
- Florida, United States
- Transaction Type
- Buyout
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