Engineered Fluids

Saint Petersburg, FL

About Engineered Fluids

Company overview

Engineered Fluids is a company that specializes in designing, manufacturing, and supplying advanced dielectric cooling fluids engineered specifically for single-phase liquid immersion cooling solutions. The company's offerings are tailored to efficiently manage the thermal challenges of high-performance electronics by submerging components in specially formulated fluids that absorb and dissipate heat more effectively than traditional air-cooling methods. Core Business and Innovation Immersion Cooling Solutions: At the heart of Engineered Fluids' business is its Single-phase Liquid Immersion Cooling (SLIC) technology. This innovative cooling method uses purpose-engineered dielectric fluids that are non-toxic, biodegradable, non-flammable, and have zero global warming potential. The fluids not only provide superior heat transfer but also enhance equipment reliability by minimizing dust and contamination common in air-cooled systems. Industry-Specific Applications: The company serves a range of sectors including data centers, electric vehicles, crypto & blockchain operations, subsea applications, and electrical transformers. Their products - such as AmpCool, BitCool, and ElectroCool, are developed to meet the specific thermal management needs of these diverse industries, ensuring reduced energy costs and improved operational efficiency. Comprehensive Product and Service Portfolio Product Line: Engineered Fluids offers a wide array of products that include dielectric coolants, additives, cleaning solvents, and complete immersion cooling systems (like SLICTanks and dry coolers). Each product is rigorously designed to be safe for both users and the environment while delivering high performance in cooling electronics. Engineering Services: Beyond products, the company provides turnkey engineering services, from system design and hydraulic engineering to 3D systems modeling and installation supervision. These services ensure that customers receive complete, customized cooling solutions that address both thermal performance and sustainability goals. Engineered Fluids has been active in forming strategic partnerships and distribution agreements in order to expand their global footprint. They have established collaborations with companies such as Coriant (to advance edge computing applications) and Taiwan's Unic Technology Corp. (to distribute immersion cooling fluids in Asia). In January 2023, Engineered Fluids also announced a strategic partnership with GREENTECH Technologies to develop next-generation immersion cooling solutions focused on energy recovery and efficiency.

Keywords

Revenue

Revenue

EBITDA

EBITDA

Valuation

Valuation
Income Statement
Line Item20242023202220212020
Revenues$380 MM$250 MM$90 MM$120 MM$65 MM
Gross Profit$190 MM$125 MM$45 MM$60 MM$32.50 MM
Net Income (Loss)$43 MM$25 MM$9 MM$12 MM$6.50 MM
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Balance Sheet
Line Item20242023202220212020
Total Assets$850 MM$720 MM$680 MM$650 MM$600 MM
Total Liabilities$450 MM$400 MM$380 MM$350 MM$320 MM
Total Equity$400 MM$320 MM$300 MM$300 MM$280 MM
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Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

Employee Figures

Employees

Key Executives

See All

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

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