Southern Heat Exchanger

Transaction Summary

Southern Heat Exchanger Corporation (“SHECO”) designs, engineers, and manufactures heat exchangers. The company offers custom fabricated shell and tube exchangers and air cooled heat exchangers. It also provides heat exchanger repair and installation services. The company serves chemical, fertilizers, oil and gas, and pulp and paper industries. The company was incorporated in 1961 and is based in Tuscaloosa, Alabama. It has additional office in Houston, Texas.

SHECO was a portfolio company of Harbour Group, a privately-owned operating company focused on making investments in product-oriented manufacturing and distribution companies.

Amherst approached domestic and international strategic acquirers as well as a select group of financial acquirers. The sale process concluded with the Company being sold to NDA, an industrial conglomerate based in New Zealand.