Thermal Technology Distribution Solutions (TTDS) Acquires Proheat Inc.

Thermal Technology Distribution Solutions (TTDS) Acquires Thermal Devices

June 17, 2024

Industrial Services

Thermal Technology Distribution Solutions (TTDS), a distribution platform established by Gryphon Investors, has acquired Thermal Devices, a Mt. Airy, Maryland-based value-added distributor of electric heaters, controls, thermocouples and related products. The deal expands TTDS's footprint into the Mid-Atlantic and adds heat trace and engineering capabilities; Rob Strayton will remain with the company and retain a significant equity stake. Terms were not disclosed.

Thermal Technology Distribution Solutions (Gryphon Investors) Acquires Applied Thermal Systems

December 11, 2024

Industrial Services

Thermal Technology Distribution Solutions (TTDS), a Gryphon Investors–backed distribution platform, has acquired Applied Thermal Systems, a Minneapolis-area value-added distributor of electric heaters, controls, thermocouples and related engineering services. The add-on expands TTDS's footprint in the Upper Midwest and strengthens its product and technical capabilities; terms were not disclosed.

Thermal Technology Distribution Solutions Acquires Southwest Heater and Controls

June 3, 2024

Industrial Services

Thermal Technology Distribution Solutions (TTDS), a distribution platform established by Gryphon Investors, has acquired Southwest Heater and Controls (SWHC), a Dallas-based value-added distributor of industrial electric heaters, sensors, controls and technical support to manufacturers. SWHC's management, led by Chris and David Hawkins, will remain with the business and retain a significant equity stake; terms were not disclosed.

Gryphon Investors' TTDS Platform Acquires Big Chief Inc.

September 18, 2023

Industrial Services

Gryphon Investors established a new platform, Thermal Technology Distribution Solutions (TTDS), and TTDS has completed the acquisition of Big Chief Inc., a Cincinnati-based distributor and fabricator of electric process heating and temperature control products. Management (including former President Terry Howe and former CCO Jeff Howe) will retain meaningful ownership; Gryphon plans to accelerate organic growth and pursue add-on acquisitions to scale the platform.

Active Thermal Solutions (LDR Partners) Acquires D&B Heat Transfer Products

October 14, 2025

Industrial Services

Active Thermal Solutions, a portfolio company of LDR Partners, has acquired D&B Heat Transfer Products, a Grand Rapids, Michigan–based radiator and heat-exchanger service provider. The add-on expands Active’s Midwest footprint, integrates D&B into the Active Radiator network, and broadens capabilities in DPF cleaning and aftermarket parts distribution to strengthen regional service coverage.

EQI Ltd. Acquires Pro-Tech Company Inc.

February 19, 2024

Manufacturing

EQI Ltd., a provider of line-ready metal components, has acquired Pro-Tech Company Inc., a supplier of high-temperature products to the thermal processing industry. The acquisition brings Pro-Tech’s thermal-processing capabilities and customer relationships into EQI’s platform to expand product offerings and strengthen service to OEM and industrial customers.