M&A Deal Summary

Advanced Cooling Technologies Acquires Tekgard

On March 10, 2021, Advanced Cooling Technologies acquired test/measurement equipment company Tekgard

Acquisition Highlights
  • This is Advanced Cooling Technologies’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Advanced Cooling Technologies’ 2nd transaction in the United States.
  • This is Advanced Cooling Technologies’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-03-10
Target Tekgard
Sector Test/Measurement Equipment
Buyer(s) Advanced Cooling Technologies
Deal Type Add-on Acquisition

Target

Tekgard

York, Pennsylvania, United States
Tekgard specializes in engineering customized thermal management solutions for military, government, and industrial applications. Located in central Pennsylvania, Tekgard has a state-of-the-art facility with over 63,000 square feet dedicated to designing, manufacturing, and testing environmental control units (ECUs). With over 10,000 ECUs deployed worldwide, Tekgard takes pride in providing a quality product that is reliable and capable of performing in any environmental condition.

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Buyer(S) 1

Buyer

Advanced Cooling Technologies

Lancaster, Pennsylvania, United States
Category Company
Sector Electrical Equipment
DESCRIPTION

Advanced Cooling Technologies, Inc. is a developer and manufacturer of advanced thermal management solutions for customers in diverse markets including Aerospace, Defense, Temperature Calibration, Medical Device, and Energy Recovery Systems.

DEAL STATS #
Overall 2 of 2
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Parker Hannifin - Precision Cooling Business

Cleveland, Ohio, United States

Parker Hannifin Corp. - Precision Cooling Business is a designer and manufacturer of refrigerant based Pumped Two-Phase Cooling systems and assemblies. Its products have been used in cooling of electric drives, inverters, motors and generators, batteries, and other high power electronic devices.

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