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Alloy Enterprises

Manufactures advanced direct liquid cooling components for AI data centers using patented Stack Forging process.

Updated April 2026

Overview

Segment
Construction & Engineering

Product overview

Alloy Enterprises provides high-performance, leak-tight thermal management components like single-piece cold plates for GPUs, CPUs, memory, NICs, and peripherals in high-density AI data centers, industrial, and military applications.. Their proprietary Stack Forging process enables up to 35% better thermal efficiency and 75% lower pressure drop compared to traditional methods, reducing overall cooling energy use. They ship to leading data center operators, industrial firms, and military customers, with Johnson Controls agreeing to acquire them in Feb 2026 (expected close Q3 FY26)..

Revenue model

Sells high-performance thermal management components (cold plates, etc.) directly to data center operators, OEMs, industrial, and military customers; specific contract types, pricing, or rates not publicly disclosed..

Moat

  • Patents/IP
  • Proprietary Technology
  • Cost Advantages
  • Scale Advantages

Alloy Enterprises' key competitive moat is its patented Stack Forging™ process, a proprietary sheet lamination technology that produces fully dense, high-performance aluminum and copper components with superior thermal properties at a fraction of the cost of traditional 3D printing powder methods, enabling complex geometries and scalability for high-volume production.