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June 30, 2015 1:07 PM ET


Company Overview of Cleaver-Brooks, Inc.

Company Overview

Cleaver-Brooks, Inc. manufactures boiler room equipment for commercial, institutional, and industrial markets. It offers fire tube, industrial water tube, flexible water tube, commercial and condensing, waste heat, electric, custom elevated drum, and modular elevated drum boilers; commercial and industrial burners; and integrated boiler, customized industrial, packaged water, water level, and stand alone controls, as well as communication systems. The company also offers stack economizers, condensing economizers, flash tank heat recovery systems, blow down heat recovery systems, heat recovery steam generators, and waste heat boilers; boiler feed and recovery systems and water treatment syste...

221 Law Street

Thomasville, GA 31792

United States

Founded in 1929





Key Executives for Cleaver-Brooks, Inc.

Chief Executive Officer, President and Director
Chief Financial Officer
Age: 46
Senior Vice President of Operations
President of Packaged Burner Systems
President of Boiler Systems
Compensation as of Fiscal Year 2014.

Cleaver-Brooks, Inc. Key Developments

Cleaver-Brooks, Inc., Q3 2015 Fixed Income Call, Feb 18, 2015

Cleaver-Brooks, Inc., Q3 2015 Fixed Income Call, Feb 18, 2015

Cleaver-Brooks, Inc. Announces Management Changes

P. Welch Goggins, Jr., who has served as President and CEO of Cleaver-Brooks, Inc. since April 1, 2005, will step down from those positions March 31 and assume the role of Chairman Emeritus. Succeeding Mr. Goggins will be Bart Aitken, Group President at St. Louis-based Harbour Group. The two men have worked together since Harbour Group’s involvement with Cleaver-Brooks began in late 2012. Mr. Goggins began his career in 1975 with Industrial Boiler Company, which Cleaver-Brooks acquired in 1992. He served in various sales and marketing, operational management, and executive positions with Cleaver-Brooks before becoming president and CEO in 2005. He served as chairman of the American Boiler Manufacturers Association (ABMA) from 2006 to 2007. In his role as Group President, Mr. Aitken has had operating responsibility over the following Harbour Group portfolio groups: Plastic Processing Equipment, Automotive Accessories, Building Components, Lubricating Systems, Home Products, and Boiler Room Solutions. Prior to joining Harbour Group, Mr. Aitken was Vice President and General Manager of the Engineered Products Group at Kennametal Inc. and Greenfield Industries, Inc., and Director of European Operations at Greenfield. Mr. Aitken will continue executing Cleaver-Brooks’ existing strategy: focusing on being the most complete boiler-room solutions provider by helping customers run better every day.

Cleaver-Brooks, Inc. Completes Expansion of its Industrial Watertube Boiler Plant

Cleaver-Brooks, Inc. recently completed a multi-million dollar plant expansion to its facility in Lincoln, Neb. The company’s plant in Lincoln engineers and manufacturers industrial watertube boilers for large manufacturing and industrial facilities serving the utility, global oil sands, petrochemical and heavy process industries, among others. The company added approximately 41,000 square feet to the facility, bringing the total to about 186,000. As a part of the expansion, the company installed two new cranes to handle a combined capacity of up to 200 tons and added a paint and blast booth to the facility.

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