THOR Industries Acquires Airxcel RV Group from L Catterton-Backed Airxcel

THOR Industries Acquires Tiffin Motorhomes for $300M

December 18, 2020

Automotive

THOR Industries, Inc. acquired Tiffin Motor Homes, Inc. and related companies (the Tiffin Group) for $300 million, effective December 18, 2020. The Tiffin family and existing senior management will continue to run the business, which will operate as a stand-alone company within THOR's portfolio.

Gryphon Investors Acquires AirX Climate Solutions from L Catterton

September 27, 2023

Industrial Services

Gryphon Investors has agreed to acquire AirX Climate Solutions (ACS), a specialty HVAC designer, manufacturer, distributor, and servicer headquartered in Oklahoma City, from private equity firm L Catterton. Gryphon will partner with ACS management, who are reinvesting, to expand geographic footprint, grow aftermarket and service offerings, and pursue add-on acquisitions; the deal is expected to close in Q4 2023 and financial terms were not disclosed.

Airxcel, Inc. Acquires Cleer Vision Windows, Inc.

April 1, 2021

Manufacturing

Airxcel, Inc. has completed the acquisition of Cleer Vision Windows, Inc., an Elkhart, Indiana-based manufacturer of RV and specialty-vehicle windows and tempered glass. The purchase expands Airxcel’s product and manufacturing capabilities within the recreational vehicle and specialty vehicle markets and will preserve the Cleer Vision brand and management team under Airxcel’s portfolio.

Airxcel Acquires Custom Air Products & Services (CAPS)

May 4, 2021

Manufacturing

Airxcel, a Wichita-based designer, manufacturer and distributor of specialty HVAC products for the RV and specialty HVAC markets, has acquired Custom Air Products & Services (CAPS), a Houston-based manufacturer and service provider of custom HVAC equipment. The acquisition expands Airxcel’s specialty HVAC platform by adding CAPS’ manufacturing, installation and service capabilities while preserving the CAPS brand and management team.

Thor / Tourism Holdings JV (TH2) Acquires Roadtrippers and Related RV Travel Platforms

February 20, 2018

Software

A joint venture called TH2 formed by Thor Industries and Tourism Holdings is acquiring Cincinnati-based Roadtrippers alongside Roadtrippers Australasia, Cosmos (an RV fleet/CRM platform), New Zealand peer-to-peer rental firm Mighway, and CamperMate. Thor is making an initial investment of about $50 million in TH2, which will be headquartered in Cincinnati and led by Airstream’s top executive; financial terms for the acquisitions were not disclosed.

Druid Capital Partners Acquires Thermex-Thermatron

July 1, 2023

Manufacturing

Druid Capital Partners has completed the acquisition of Thermex-Thermatron, a long-established manufacturer of high-power industrial RF and microwave heating systems, partnering with Thermex management led by President/CEO Ray Lund. The transaction provides liquidity to existing shareholders and positions Thermex to pursue growth opportunities while continuing to serve global customers across automotive, medical and packaging markets.