Acquisition of Applied Thermal Systems Boosts TTDS Growth
Thermal Technology Distribution Solutions Acquires Applied Thermal Systems
Thermal Technology Distribution Solutions (TTDS), known for its expertise in industrial temperature management, recently made headlines with its acquisition of Applied Thermal Systems, Inc. (ATS). This strategic move not only strengthens TTDS's market position but also enhances its offerings in the upper Midwest, bringing in a range of electric heaters, controls, thermocouples, and more.
Partnership Enhances Market Presence
Jeff Collier, the CEO of TTDS, shared insights on this partnership, emphasizing that collaborating with ATS will not only diversify their customer base but also augment their technical capabilities. This merger is anticipated to provide ATS customers access to an expanded suite of TTDS products, benefiting both existing and new clientele.
Significance of the Acquisition
This acquisition marks TTDS's fifth expansion since its inception by Gryphon Investors in 2023. The growth trajectory of TTDS, backed by a robust financial foundation, indicates a clear pathway towards becoming the leading distributor in the thermal management sector. Previous acquisitions include notable companies such as Big Chief, Inc. and Proheat, all contributing to a diverse and comprehensive product portfolio.
Supporting Future Growth
Michael Roark, ATS's owner, articulated the excitement surrounding this union, praising TTDS for its operational resources that promise to uphold ATS's legacy as a leader in thermal products. Roark expressed confidence in the synergy between the companies, looking forward to leveraging TTDS's expertise for further growth and development.
TTDS’s Growth Vision
Jeff Pembroke, Operating Partner of Gryphon's Heritage Fund, highlighted the company’s ambition to establish TTDS as the consolidation leader for thermal product distributors. This acquisition is seen as a significant leap towards actualizing this vision. As TTDS seeks out additional organic growth and acquisition opportunities, the focus remains on partnering with entities that share their commitment to providing exceptional support for both customers and suppliers.
About Thermal Technology Distribution Solutions
Founded in Cincinnati, Ohio, in 2023 by Gryphon Investors, TTDS has quickly become a leader in the distribution of industrial temperature management and related products. The company includes an extensive portfolio featuring prominent brands like Big Chief and Proheat, solidifying its market presence and expanding its capabilities.
About Gryphon Investors
Gryphon Investors operates as a notable middle-market private equity firm, specializing in the profitable growth of companies across various sectors such as Business Services, Consumer, and Technology Solutions. With a substantial asset management base exceeding $9 billion, Gryphon focuses on forming strategic partnerships with companies to drive growth and create lasting value.
Frequently Asked Questions
What is Thermal Technology Distribution Solutions (TTDS)?
TTDS is a premier distributor of industrial temperature management products, established by Gryphon Investors in 2023.
What did TTDS acquire?
TTDS acquired Applied Thermal Systems, enhancing its product offerings and expanding its market reach.
Who is Jeff Collier?
Jeff Collier is the CEO of TTDS, steering the company towards growth and innovation in the thermal management space.
How many acquisitions has TTDS made?
TTDS has made five acquisitions since its establishment, demonstrating rapid growth in the sector.
What is Gryphon Investors' focus?
Gryphon Investors focuses on investing in middle-market companies, enhancing their competitiveness and profitability across various sectors.
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