What Is Going on at One of North America’s Largest Commercial Heat Treaters?

For almost 30 years “The Monty Heat Treat News” has had an exclusive feature-a list of the “52 Largest North American Commercial Heat Treaters 2025” . 
 
A quick perusal of this list will show that in 17th position you will find a commercial heat treat group by the name of “Thermal Process Holdings”. Originally this group ranked higher in our rankings however over the years it has shrunk in comparison to others on the list.
 
One of the “crown jewels” of the company was “P & L Heat Treating” of Youngstown, Ohio which was acquired by “Thermal Process Holdings” in December of 2018 as you can see in the press release further down. 
 
Today according to this release “P & L” was “re acquired” by the original owner “Mr. Bill Pociask”. Why “TPS” sold the company we don’t know but we are certainly pleased for Mr. Pociask as he certainly has a passion for the business. 
 
The attached photo, taken by “The Monty Heat Treat News” in 2019 shows “Bill” third from the left. 
 
“OCTOBER 1/2015; To our valued customers:  I’m excited to share some important news after some time away from the business. I’m returning to P & L Heat Treating & Grinding Inc., and with our dedicated employees we will strive to continue in providing you with quality  . 
 
Thanks to a new opportunity, I’m proud to say that I’ve partnered with a local investment group to re-acquire the company and I couldn’t be more excited to be back. The group backing this purchase is based right here in the ‘Youngstown area and has long standing Mahoning Valley ties. Their interest in the business is rooted in a shared belief in the value of local industry, quality workmanship, and long-standing customer service. Together, we’re committed to keeping this business in the Mahoning Valley and continuing to serve our clients here for the foreseeable future. This is a long-term commitment to the region and the people who’ve supported P & L for decades in the past. 
 
For those of you who’ve worked with us before and whom continue to work with us, I want to personally thank y for your continued support and loyalty. I look forward to reconnecting, rebuilding relationships, and delivering the same level of service and reliability that you’ve come to expect from P & L. For any potential new clients, I’m excited to show you what we’re all about and how we can meet your heat-treating needs with precision and care Warm regards, Bill Pociask.”
 
“DECEMBER 2018 PRESS RELEASE; Thermal Process Holdings Announces Acquisition; Thermal Process Holdings, Inc. (“TPH”) is pleased to announce its acquisition of P & L Heat Treating (“P&L”) based in Youngstown, Ohio. P&L is a high quality provider focused in particular on tool and die work. Bill Pociask founded P&L in 1978 and serves as President. P&L represents the fourth investment (and fifth heat treating facility) in our strategy to build a leading thermal processing company focused on value-added services. Central to this strategy is identifying and bringing together leading businesses that share a focus on safety, quality, service, and advanced technology.
 
John Hubbard, Chairman of TPH, said: “We are delighted to partner with Bill Pociask and the P&L team. P&L is a well-run heat treating operation providing high quality service. Both Bill Pociask and P&L are excellent additions to the TPH group.”Bill Pociask, founder and President of P&L commented: “I am excited to work with the TPH group of companies. There are many opportunities for us to help each other grow and continue to serve our customers. The future is very bright for P&L.”
 
ABOUT THERMAL PROCESS HOLDINGS, INC. Thermal Process Holdings was formed by Calvert Street Capital Partners and John Hubbard (former CEO of Bodycote, PLC) to pursue a buy-and-build strategy in the thermal processing industry. The team has a stated goal to build a diversified, professionally-managed thermal processing business generating over $100 million of revenue. TPH also owns and operates: Diamond Heat Treat, based in Rockford, IL; Certified Heat Treating, based in Springfield, OH; and Hudapack Metal Treating, based in Elkhorn and Franklin, Wisconsin. TPH is actively seeking other add-on acquisition opportunities.
 
ABOUT CALVERT STREET; Calvert Street Capital Partners is a Baltimore, Maryland-based private equity firm with a focus on investing in industrial service businesses in the lower middle-market. Since its inception in 1995, Calvert Street has partnered with skilled management teams of privately held businesses to drive profitable growth and organizational transformation. TPH builds upon Calvert Street’s experience in other high-value add industrial sectors, including testing and inspection and precision machining. For more information, please go to www.cscp.com.”
 
Did you like this article? Click here to subscribe to The Monty.
 
View our recent magazines and podcasts by clicking the following link. https://themonty.com/magazine/