Havencrest Capital Management Acquires ThermoTek, Inc.

Havencrest Capital Management Acquires Majority Stake in Tekton Research

September 7, 2023

Healthcare Services

Havencrest Capital Management has made a majority investment in Tekton Research, a multi-state clinical trial site network headquartered in Austin, Texas. The partnership will support Tekton’s expansion of investigator networks, improve clinical trial access for underrepresented communities, and accelerate growth into new sites and therapeutic areas.

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.

Havencrest Capital Management Invests in Paradigm Health

July 7, 2021

Healthcare Services

Dallas-based private equity firm Havencrest Capital Management announced an investment in Paradigm Health, a hospice and palliative care provider headquartered in Indianapolis. The partnership will support Paradigm's growth and geographic expansion across Indiana, with Havencrest partnering alongside the company's founder and management; financial terms were not disclosed.

Blackstone Energy Partners Acquires Therma Holdings (and RE Tech Advisors) from Gemspring Capital

November 9, 2020

Engineering Services

Private equity funds managed by Blackstone Energy Partners have entered into a definitive agreement to acquire Therma Holdings LLC, a specialty mechanical, electrical and controls services provider, from Gemspring Capital. Blackstone is also acquiring RE Tech Advisors, Inc. and will integrate it into Therma to expand energy efficiency, sustainability and building management capabilities; the combined business will support mission-critical facilities across technology, life sciences, healthcare and data center end markets.

Arsenal Capital Partners Acquires ThermoSafe from Sonoco

November 4, 2025

Manufacturing

Arsenal Capital Partners has completed the acquisition of ThermoSafe from Sonoco Products Company. ThermoSafe, headquartered in Arlington Heights, Illinois, is a global provider of temperature-assurance packaging and cold-chain solutions for pharmaceuticals, biologics and vaccines; Arsenal intends to accelerate growth and expand ThermoSafe's technology and product portfolio as part of its specialty packaging investments.

Gentherm Acquires Etratech Enterprises

November 8, 2017

Manufacturing

Gentherm Incorporated acquired Etratech Enterprises, Inc., a Burlington, Ontario–based designer and manufacturer of advanced electronic controls and systems, from Etratech shareholders (including minority investor The Shotgun Fund). Etratech, which employs more than 400 people and had estimated revenues of CAD 77 million (about US$61 million) trailing-12-months, was purchased for US$64 million (~8.5x trailing EBITDA).