Thermal Technology Distribution Solutions (Gryphon Investors) Acquires Applied Thermal Systems
December 11, 2024
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.
- Targets
- Applied Thermal Systems, Inc.
- Sellers
- Michael Roark
- Platforms
- Thermal Technology Distribution Solutions (TTDS)
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Transaction Type
- Addon
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