M&A Deal Summary

Gryphon Investors Acquires Thermal Technology Distribution Solutions

On September 18, 2023, private equity firm Gryphon Investors acquired distribution company Thermal Technology Distribution Solutions

Acquisition Highlights
  • This is Gryphon Investors’ 5th transaction in the Distribution sector.
  • This is Gryphon Investors’ 79th transaction in the United States.
  • This is Gryphon Investors’ 4th transaction in Ohio.

M&A Deal Summary
Date 2023-09-18
Target Thermal Technology Distribution Solutions
Sector Distribution
Buyer(s) Gryphon Investors
Deal Type Consolidation

Target

Thermal Technology Distribution Solutions

Cincinnati, Ohio, United States
Thermal Technology Distribution Solutions is a platform for the distribution of industrial temperature management and related products. Thermal Technology Distribution Solutions is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 80 of 82
Sector (Distribution) 5 of 5
Type (Consolidation) 2 of 2
State (Ohio) 4 of 4
Country (United States) 79 of 81
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 Vetnique Labs

Naperville, Illinois, United States

Vetnique Labs is a pet health and wellness platform on a mission to help pets thrive. Its product portfolio now consists of a holistic 'nose-to-tail' range of unique, multi-modal pet health products that are vet-formulated and recommended by vets worldwide. Vetnique Labs was formed in 2012 and is based in Naperville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 AirX Climate Solutions

Yukon, Oklahoma, United States

AirX Climate Solutions provides highly engineered, specialty cooling and ventilation solutions serving mission-critical applications across a diverse set of end markets, including telecommunications, data centers, energy storage, rental, educational, and industrial/commercial markets. AirX Climate Solutions is based in Yukon, Oklahoma.

Buy -
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