Profire Energy

Type| Subsidiary of

* CECO Environmental
* (2024–present)

Traded as

| NASDAQ: PFIE (formerly)
Industry| Oil and Gas industry
Founders| Brenton Hatch
Harold Albert
Headquarters| Lindon, Utah

Area served

| Worldwide

Key people

| Cameron Tidball (Vice President, & General Manager
Ryan Oviatt (Vice President of Strategy & Integration)
Revenue|  US$ 58.21M (2023)[1]

Net income

|  US$ 10.78M (2023)[1]
Total assets|  US$ 66.29M (2023)[1]
Total equity|  US$ 56.84M (2023)[1]
Owner|

* CECO Environmental
* (2025–present)

Number of employees

| > 150 (2024)
Website| profireenergy.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]

## Contents

* 1 History
* 2 Markets
* 3 References
* 4 External links

## 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.

## External links

* Official website

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