Babcock & Wilcox Power Generation Group was founded in 1867 by George H. Babcock, Stephen Wilcox, Jr., and Joseph P. Manton. The company, based in Providence, Rhode Island, was named Babcock Wilcox and Associates. The company, which held patents for steam and water boiler systems, moved to New York, New York in 1869. The company continued to grow and acquire other related firms. Babcock & Wilcox Enterprises continues to operate as a global power generation engineering firm.