Charlesbank-Backed Bridges Consumer Healthcare Acquires North American Rights to ThermaCare from GSK

Bridges Consumer Healthcare (Charlesbank-backed) Acquires KT Tape from Palladin

January 16, 2025

Consumer Products

Bridges Consumer Healthcare, a Charlesbank-backed consumer healthcare platform, has acquired KT Tape, the leading kinesiology tape and recovery products brand, from Palladin Consumer Retail Partners. The add-on expands Bridges' OTC pain-relief portfolio and positions KT Tape for additional investment in demand generation, product innovation and omnichannel distribution; terms were not disclosed.

Bridges Consumer Healthcare Acquires Clarion Brands from Swander Pace Capital

January 21, 2021

Consumer Products

Bridges Consumer Healthcare LLC, a Charlesbank Capital Partners-backed platform, has acquired Clarion Brands, LLC from Swander Pace Capital. The transaction adds Clarion's portfolio of niche OTC and dietary supplement brands — including Florajen, Lipo-Flavonoid and Certain Dri — to Bridges' ThermaCare platform to drive scale, marketing and distribution expansion.

Havencrest Capital Management Acquires ThermoTek, Inc.

October 22, 2020

Medical Devices

Havencrest Capital Management, a Dallas-based healthcare private equity firm, has completed the acquisition of ThermoTek, Inc., a Flower Mound, Texas-based designer and manufacturer of temperature management devices for medical and industrial end markets. Havencrest plans to support ThermoTek's growth by expanding its product portfolio, entering adjacent markets and pursuing complementary acquisitions, with Oxford Finance providing debt financing.

AmerCareRoyal (HCI Equity Partners) Acquires Thermosource Tooling and Manufacturing

January 9, 2024

Packaging

AmerCareRoyal, a portfolio company of HCI Equity Partners, has acquired Thermosource Tooling and Manufacturing (TTM), a thermoformed and flexible packaging manufacturer headquartered in El Segundo, California. The add-on—ACR's ninth since HCI's investment—expands ACR's branded and customized packaging capabilities and creates cross-selling and distribution opportunities across foodservice, food production, and grocery end markets; financial terms were not disclosed.

Morgan Stanley Capital Partners Acquires Thermogenics from Audax Private Equity

June 10, 2025

Industrial Services

Morgan Stanley Capital Partners (MSCP) acquired Thermogenics, a North American provider of industrial and commercial boiler lifecycle solutions, from Audax Private Equity's Origins strategy in a transaction that closed on June 10, 2025; terms were not disclosed. Headquartered in Aurora, Ontario with over 250 employees and multiple North American locations, Thermogenics expanded its U.S. footprint and capabilities under Audax through six add-on acquisitions and operational improvements; MSCP's investment is positioned to support the company's next phase of growth and geographic expansion.

US Distribution LLC (TRS Capital) Acquires Thermosleeve USA

July 2, 2021

Manufacturing

US Distribution LLC, a TRS Capital company, has acquired Thermosleeve USA, a Cerritos, California-based supplier of heat-shrinkable tubing and related products. Thermosleeve will remain in Cerritos with founder David Levy and key staff staying on to support the transition as TRS looks to expand its U.S. manufacturing and distribution portfolio.