Company:Profire Energy
 | |
| Type | Subsidiary of
|
|---|---|
| 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] |
| US$ 10.78M (2023)[1] | |
| Total assets | US$ 66.29M (2023)[1] |
| Total equity | US$ 56.84M (2023)[1] |
| Owner |
|
Number of employees | > 150 (2024) |
| Website | profireenergy |
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
- ↑ 1.0 1.1 1.2 1.3 "Profire Energy, Inc. financials". https://www.google.com/finance/quote/PFIE:NASDAQ.
- ↑ "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/.
- ↑ "D&B Business Directory-Profire Energy". Dun & Bradstreet, Inc.. https://www.dnb.com/business-directory/company-profiles.profire_energy.ca014bf3bd901fe5276e61e9685682db.html.
- ↑ "D&B Business Directory-Profire Energy". Dun & Bradstreet, Inc.. https://www.dnb.com/business-directory/company-profiles.profire_energy.ca014bf3bd901fe5276e61e9685682db.html.
- ↑ "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.
- ↑ "Newswire Services". http://www.marketwire.com/press-release/profire-energy-inc-to-enter-brazilian-market-otcbb-pfie-1605026.htm.
External links
 |  |
