Table of Contents Categories
  Encyclosphere.org ENCYCLOREADER
  supported by EncyclosphereKSF

Profire Energy

Topic: Company

 From HandWiki - Reading time: 2 min

Profire Energy
TypeSubsidiary of
NASDAQ: PFIE (formerly)
IndustryOil and Gas industry
FoundersBrenton Hatch
Harold Albert
HeadquartersLindon, Utah
Area served
Worldwide
Key people
Cameron Tidball (Vice President, & General Manager
Ryan Oviatt (Vice President of Strategy & Integration)
RevenueIncrease US$ 58.21M (2023)[1]
Increase US$ 10.78M (2023)[1]
Total assetsIncrease US$ 66.29M (2023)[1]
Total equityIncrease US$ 56.84M (2023)[1]
Owner
Number of employees
> 150 (2024)
Websiteprofireenergy.com

Profire Energy is an oilfield technology company, specializing in the design of burner-management systems (BMS) and other combustion-management technologies.

It serves the upstream and midstream portions of the oil/gas industry, providing systems that monitor and manage the burners used in the industry's combustion vessels (e.g. tanks, dehydrators, separators, etc.).

Profire Energy has offices in Lindon, Utah; Victoria, Texas; Midland-Odessa, Texas; Homer, Pennsylvania; Greeley, Colorado; Millersburg, Ohio; and Acheson, Alberta, Canada.[2]

History

Profire Energy was established in Alberta, Canada[3] in March 2002 as a private company (Profire Combustion).[4] Brenton W. Hatch and Harold E. Albert co-founded the company to service oil/gas producers, but soon created a control panel for the management of burners, a system called the Profire 1100.

After a few years of continued development, the company made the decision to go public (in 2008) under the name Profire Energy, Inc. (OTCBB: PFIE). They have since developed additional (and more advanced) products, opened multiple offices throughout the US, and continued development of their product line for domestic and international use.[citation needed]

In 2025, CECO Environmental completed the purchase of Profire for approximately $122.7 million.[5]

Markets

Profire Energy predominately serves the North American upstream and midstream oil/gas industry, but announced a Brazilian distribution channel in early 2012, as well as an Australian distribution channel in early 2014.[6]

References

  1. ↑ 1.0 1.1 1.2 1.3 "Profire Energy, Inc. financials". https://www.google.com/finance/quote/PFIE:NASDAQ. 
  2. ↑ "Profire Energy Reports Financial Results for First Quarter 2024" (in en-US). https://energynow.com/2024/05/profire-energy-reports-financial-results-for-first-quarter-2024/. 
  3. ↑ "D&B Business Directory-Profire Energy". Dun & Bradstreet, Inc.. https://www.dnb.com/business-directory/company-profiles.profire_energy.ca014bf3bd901fe5276e61e9685682db.html. 
  4. ↑ "D&B Business Directory-Profire Energy". Dun & Bradstreet, Inc.. https://www.dnb.com/business-directory/company-profiles.profire_energy.ca014bf3bd901fe5276e61e9685682db.html. 
  5. ↑ "CECO Environmental Corp. Completes Acquisition of Profire Energy, Inc." (in en). Nasdaq. https://www.nasdaq.com/articles/ceco-environmental-corp-completes-acquisition-profire-energy-inc. 
  6. ↑ "Newswire Services". http://www.marketwire.com/press-release/profire-energy-inc-to-enter-brazilian-market-otcbb-pfie-1605026.htm. 



Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Profire_Energy&oldid=4022387"
Licensed under CC BY-SA 3.0 | Source: https://handwiki.org/wiki/Company:Profire_Energy
29 views |
↧ Download this article as ZWI file
Encyclosphere.org EncycloReader is supported by the EncyclosphereKSF