SLEEPY HOLLOW, N.Y.--(BUSINESS WIRE)--Miller Proctor Nickolas, Inc., (“MPN”) a leading heating solutions and services company, is pleased to announce the acquisition of Mobile Steam Boiler Rental Corp (“MSBRC”), a leading supplier of mobile rental boilers to the New York City Metro area. The acquisition aligns with MPN’s strategic growth initiatives and represents a significant milestone in the company's expansion efforts. The parent company of MPN, 2 Hudson Street Holding Corp, will act as the parent company of MSBRC for purposes of legal and operational differentiation. CoView Capital, a Manhattan based investment banking firm (www.coviewcap.com), advised MPN in the transaction.
Quote from MPN’s CEO Jaime Tetrault
"MPN has grown to become the largest and most recognized sales and service provider for industrial and commercial boilers in the NYC Metro area. We are constantly in touch with our clients when they require boiler service and identified that rental boilers were critical to getting these clients up and operational in a timely and cost-effective manner. We identified MSBRC as one of the most recognized rental boiler providers in the area, and through our Cleaver-Brooks relationship found that a deeper partnership made perfect sense. Adding rental boilers to our scope of services allows us to now provide the entire solution set when a critical client needs help. Additionally, it helps MSBRC to identify rental opportunities with higher speed and clarity. The combination of MPN and MSBRC brings a renewed focus on the total service solution which our clients demand from us every day.”
Some key highlights of the acquisition include:
Complementary Strengths: The acquisition of MSBRC brings the leading MPN technicians, parts supply, and 24/7/365 service offering to the rental fleet. The quality service you expect from MPN will now be part of the MSBRC offering.
Expanded Market Presence: This strategic move expands MPN's market presence in the NYC Metro area, strengthening our position as a leader in the heating industry. MPN’s network of peer manufacturer representatives of Cleaver-Brooks also allows additional rental units from MSBRC to move in and out of the market with greater frequency, increasing both availability and scope of the rental units in demand by our clients.
Enhanced Innovation: The combined expertise of MPN and MSBRC will foster innovation and drive the development of new solutions to meet the evolving rental heating needs of our customers.
Operational Efficiencies: By leveraging shared resources and streamlining operations, the acquisition is expected to result in increased service/sales operational efficiencies and cost savings.
Quote from Mobile Steam Boiler Rental Corporation’s President, Jeff Moskowitz
"MPN has always been a top supplier to MSBRC. Throughout the years, we have purchased Cleaver-Brooks boilers from MPN and utilized their factory trained technicians for servicing our rental fleet. This new business relationship further enhances our ability to meet the growing rental demand in the NYC Metro area and allows us to provide higher reliability to our demanding clients. When a rental boiler needs service, we no longer need to reach out to a supplier. MPN and MSBRC are now under one operating company, and we expect to be able to provide unmatched operational reliability and expertise in the market.”
About Miller Proctor Nickolas, Inc.:
For over 50 years, MPN has been known for their experience, professionalism and commitment to quality. Their association doesn't end with the purchase of equipment; service after the sale and dedication to their customers' overall satisfaction are core principles at Miller Proctor Nickolas. Whatever the job might require, from simplified tank gauging or fuel handling to extensive new heating system design, Miller Proctor Nickolas' highly capable staff of sales and service personnel are prepared to assist their clients every step of the way. Both the Westchester and Long Island facilities maintain sales and service personnel as well as an extensive stock of spare parts, so help is never far away.
About of Mobile Steam Boiler Rental Corp:
Since 1969, Mobile Steam Boiler Rental Corp has been dedicated to helping our customers reduce the impact of boiler downtime for their tenants or industrial applications. We are a trusted vendor to many Fortune 500 companies, federal, state, and local government agencies, dry docks, hospital networks, utilities, school systems, special events companies, universities and leading real estate management firms. Let our knowledge, earned by providing over ten million hours of steam and hot water service to our diverse customer base, work for you. Our well-maintained fleet of American-made mobile steam and hot water boilers includes industry-leading brands such as Cleaver-Brooks™, Fireye™ and Honeywell™.
For more information, follow MPN on LinkedIn and please contact:
Main Office:
2 Hudson Street Sleepy Hollow, NY 10591
TEL: (914) 332-0088
Long Island Office:
1363 Lincoln Ave, Unit 3 Holbrook, NY 11741
TEL: (631) 253-2300
Mobile Steam Boiler Rental Corp Office:
525 Homestead Ave, Mt Vernon, NY 10550
TEL: (800) 638-8343
