Enprotech Corp, a leading provider of maintenance, repair, rebuild, and modernization solutions for heavy industrial machinery and equipment, has undergone a name change to Industrious Group. Alongside this rebranding, the company announced the successful acquisition of American Hydro, a former business of Wärtsilä Corporation.
Founded in 1986, American Hydro specializes in hydropower refurbishment solutions and turbine services primarily for North American markets. Following the acquisition, the company's annual revenues in 2021 were reported to be around US$50 million. American Hydro is headquartered in York, Pennsylvania, and has a remarkable team with technical capabilities that will significantly enhance Industrious Group's entire organization.
Chris Pascarella, president and CEO of Industrious Group, expressed his excitement about the acquisition of American Hydro and what it will bring to the company's portfolio of businesses. He stated, “The entire organization is extremely excited to add American Hydro to our portfolio of businesses focused on the maintenance, repair, rebuild, and modernization of heavy industrial machinery and equipment. American Hydro expands our industry segmentation into the renewable energy sector, a key growth category for Industrious Group.”
Pascarella also commented on the new branding and logo of the company, which was designed to reflect its future vision and continued focus on skilled trades. The word “industrious” was purposefully chosen to represent the organization's movement forward.
Industrious Group was established in 1984 and is a subsidiary of ITOCHU Corporation. The company provides maintenance, repair, rebuild, and modernization solutions to optimize North American businesses using heavy industrial machinery and equipment. Some of the key industry segments served by Industrious Group include renewable energy, automotive, steelmaking, aluminum manufacturing, appliance, general manufacturing, and oil and gas.
The acquisition of American Hydro and the rebranding of Enprotech Corp to Industrious Group are significant milestones that will strengthen the company's position as a leading provider of maintenance, repair, rebuild, and modernization solutions in North America. As the renewable energy sector continues to grow, Industrious Group's expanded industry segmentation will allow the company to play a crucial role in providing hydropower refurbishment solutions and turbine services to this vital industry.
