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Announced

Completed

Gryphon Investors-backed Thermal Technology Distribution Solutions completed the acquisition of Thermal Devices.

Synopsis

Gryphon Investors-backed Thermal Technology Distribution Solutions, a platform for the distribution of industrial temperature management and related products, completed the acquisition of Thermal Devices, a value-added distributor of industrial electric heaters, controls, thermocouples, and related products to manufacturers. Financial terms were not disclosed. "Thermal Devices is an exciting company that expands our footprint into the Mid-Atlantic and augments TTDS' heat trace and engineering capabilities. Thermal Devices provides TTDS with a physical base to better service customers in the East and reinforces TTDS' position as the nation's leading provider of thermal management solutions," Jeff Collier, TTDS CEO.

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