Profire Energy

Profire Energy, Inc. is an oilfield technology company, specializing in the design of burner-management systems (BMS) and other combustion-management technologies.

Profire Energy, Inc.

Company type	Public
Traded as	Nasdaq: PFIE
Industry	Oil and Gas industry
Founders	Brenton Hatch Harold Albert
Headquarters	Lindon, Utah
Area served	Worldwide
Key people	Cameron Tidball (Co-CEO, Co-President) Ryan Oviatt (Co-CEO, Co-President, CFO)
Revenue	US$ 58.21M (2023)[1]
Net income	US$ 10.78M (2023)[1]
Total assets	US$ 66.29M (2023)[1]
Total equity	US$ 56.84M (2023)[1]
Owner	CECO Environmental (2024–present)
Number of employees	124 (2024)
Website	profireenergy.com

It serves the upstream and midstream portions of the oil/gas industry, providing systems that monitor and manage the burners used in the industry's combustion vessels (e.g. tanks, dehydrators, separators, etc.).

Profire Energy has offices in Lindon, Utah; Victoria, Texas; Midland-Odessa, Texas; Homer, Pennsylvania; Greeley, Colorado; Millersburg, Ohio; and Acheson, Alberta, Canada.^[2]

History

Profire Energy was established in Alberta, Canada^[3] in March 2002 as a private company (Profire Combustion).^{[citation needed]} Brenton W. Hatch (now CEO), Harold E. Albert (now COO) co-founded the company to service oil/gas producers, but soon created a control panel for the management of burners, a system called the Profire 1100.

After a few years of continued development, the company made the decision to go public (in 2008) under the name Profire Energy, Inc. (OTCBB: PFIE). They have since developed additional (and more advanced) products, opened multiple offices throughout the US, and continued development of their product line for domestic and international use.^{[citation needed]}

In 2025, CECO Environmental completed the purchase of Profire for approximately $122.7 million.^[4]

Markets

Profire Energy predominately serves the North American upstream and midstream oil/gas industry, but announced a Brazilian distribution channel in early 2012, as well as an Australian distribution channel in early 2014.^[5]