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What Boyd makes for data centers

private · HQ US · boydcorp.com

Ownership: Boyd Thermal sold to Eaton (announced Nov 2025, closed 2026-03-12); remaining Boyd ownership under review

Boyd makes liquid and air thermal-management hardware for data centers: single- and two-phase cold plates, coolant distribution units, rack manifolds and cooling loops, heat exchangers, and air-cooled heatsinks and vapor chambers. Its thermal business ("Boyd Thermal") was sold by Goldman Sachs Asset Management to Eaton in a deal that closed in March 2026, so the data-center product lines now sit inside Eaton.

Exposure
5 parts across 3 layers
No disclosed data-center revenue share on file.

Parts, by layer

Layer 1 — Compute silicon & packaging

PartRoleConfidenceCompetitorsNote
Chip-level thermal: lids, heat spreaders, TIMsmanufacturerinferredDow, Henkel, Honeywell, Jentech, Shin-Etsu, Fujipoly

Layer 4 — Servers, racks & integration

Layer 5 — Liquid cooling (IT-side: chip to CDU)

Verification: needs_review, last verified 2026-08-27. Sources: www.boydcorp.com · www.eaton.comMarkdown · JSON