U.S. thermal technology business Chromalox has acquired ProTrace Engineering Inc, a Calgary-based provider of specialized electrical engineering services to the oil and gas industry. The financial details of the transaction were not released. Chromalox, which has its headquarters in Pittsburgh, Pennsylvania, said the acquisition will give it new capabilities and help it to expand current engineering service offerings. U.S. private equity firm Irving Place Capital bought Chromalox from Sentinel Capital Partners in January 2013.
Chromalox Announces Acquisition of ProTrace Engineering
Chromalox expands specialized engineering services
PITTSBURGH, PA—April 24, 2015 – Chromalox, a leading manufacturer of advanced thermal technologies, today announced the acquisition of ProTrace Engineering headquartered in Calgary, Alberta, Canada.
ProTrace Engineering offers electrical engineering services, with a focus on providing specialized services in electric heat tracing, temporary construction power and power system protection operations. Adding these capabilities will enable Chromalox to provide front end engineering design (FEED) study services, as well as expand current engineering service offerings, allowing for greater capacity to serve global markets.
“The acquisition of ProTrace was a natural fit for Chromalox as we continue to focus on expanding our engineering services to support our global heat trace business and other power system engineering service offerings,” said Scott Dysert, Chief Executive Officer, Chromalox. “We are excited about welcoming the ProTrace team to the Chromalox family, bringing with them many years of experience in providing specialized electrical engineering services.”
For more information and to view the new website, visit www.chromalox.com.
Chromalox is a thermal technology company. We engineer thermal solutions for the world’s toughest industrial heating applications. Our Heat Trace segment delivers temperature management solutions for piping systems, valves, and tanks. Our Industrial Heaters and Systems segment delivers process heating solutions for revenue-generating industrial processes, and our Component Technologies segment delivers component heating solutions for industrial equipment manufacturers. Chromalox was founded in 1917 and is headquartered in Pittsburgh, PA.
Photo courtesy of Shutterstock