Altus Capital to acquire Thermal Solutions Manufacturing from Resilience Capital.

Altus Capital Partners acquired Thermal Solutions Manufacturing, a nationally recognized manufacturer and distributor of heat exchange and thermal management products in a highly fragmented North American market. Altus Capital, along with TSM’s senior management team, made this investment to support TSM’s growth plans in the heavy-duty on-highway and off-highway truck aftermarket as well as its development of products for specialized industrial original equipment manufacturers. Financial terms of the transaction were not disclosed. Russell J. Greenberg, Managing Partner of Altus Capital Partners, commented, “Altus is very pleased to partner with the TSM management team in acquiring a nationally recognized manufacturer and distributor of heat exchange and temperature control products for the North American heavy-duty on-highway and off-highway truck aftermarket. We recognize and value management’s capabilities in our partnership to grow and to continue the company’s industry position.”