Cartesian Capital completed the acquisition of Thermal Management division of Arlington Industries Group.

Cartesian Capital, the global private equity firm, completed the acquisition of Thermal Management division of Arlington Industries Group. The divisions are relaunching under the new company name, Thermal Management Solutions Group. Financial terms were not disclosed. "The newly formed Thermal Management Solutions Group combines an unparalleled pool of technical experience and delivers exceptional global market position and depth to provide both existing and new customers and suppliers with numerous advantages in navigating these exciting times in the automotive sector," Mark Franckel, CEO Thermal Management Solutions.