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

Gryphon Investors-backed Thermal Technology Distribution Solutions, a platform for the distribution of industrial temperature management and related products, completed the acquisition of Applied Thermal Systems, an industrial equipment supplier. Financial terms were not disclosed. "Partnering with ATS helps us enhance our presence in the Upper Midwest region, diversifies our customer base, and strengthens our technical capabilities. We look forward to providing ATS customers with our broad suite of TTDS products and we are excited to deepen our relationships with ATS's supplier partners," Jeff Collier, Thermal Technology Distribution Solutions CEO.