Announced
Completed
Synopsis
Behrman Capital-backed The Thermal Group, a designer and manufacturer of mission-critical and highly engineered components for the defense, aerospace and industrial sectors, completed the acquisition of ACT Aerospace, a manufacturer of advanced composite structures for the aerospace and defense industry. Financial terms were not disclosed. "ACT augments TTG's established expertise in thermal design and manufacturing by adding advanced composite capabilities to our product portfolio. Together with ACT, we are enhancing our ability to serve customers through a broader suite of highly-engineered solutions. Bringing together TTG's decades of manufacturing know-how in thermal management with ACT's engineering, design and composite manufacturing capabilities will allow for significant cross-selling opportunities, as we look to build on our strategic position and strengthen our long-term growth prospects," Harley Kaplan, TTG CEO.
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