Thermal Technology Distribution Solutions (TTDS) Acquires Thermal Devices
June 17, 2024
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.
- Targets
- Thermal Devices
- Sellers
- Rob Strayton / Strayton family (existing owners)
- Platforms
- Thermal Technology Distribution Solutions (TTDS)
- Industry
- Industrial Services
- Location
- Maryland, United States
- Transaction Type
- Addon
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