Tinicum, a diversified group of manufacturing, distribution, industrial technology and specialty infrastructure companies, completed the acquisition of Watlow, a provider of thermal systems. Financial terms were not disclosed. "After thorough analysis, we have determined that the best way to achieve our full potential is to partner with Tinicum, a committed long-term investor that is equally dedicated to our strategy and values and will provide us with the capital and acquisition expertise needed to achieve our vision. They operate with a strong heritage of good stewardship through a long-view investment perspective," Peter Desloge, Watlow Chairman and CEO.