The acquisition of SWHC marks the third deal in TTDS history as it builds out its thermal management solutions.
Thermal Technology Distribution Solutions (TTDS) acquired Southwest Heater and Controls (SWHC) to build out its thermal management solutions and expand its physical presence into the Southwest.
TTDS is an industrial temperature management product distribution platform established in September 2023 by middle-market private equity firm Gryphon Investors through Gryphon’s Heritage Fund, the firm’s small-cap fund strategy.
The acquisition of the Dallas-based distributor of industrial electric heaters, sensors, controls and technical support to manufacturers marks the third deal in TTDS history. It previously acquired temperature management product distributors Big Chief and Proheat.
Adding SWHC will allow TTDS to enhance and deepen its relationships with suppliers while scaling the products and services it can offer its customers, company officials said in a June 3 news release.
SWHC President and Owner Chris Hawkins said joining the TTDS platform will provide financial and operational support to help build the company’s success.
SWHC is led by Chris and David Hawkins, whose mother Camille Hawkins led the business from 1983 until her retirement in 2012. SWHC’s management team, including Chris Hawkins, will remain with the company and maintain a significant equity stake.
“We are actively pursuing organic and acquisition opportunities that leverage Gryphon’s proven experience with value-added distribution businesses,” said Jeff Pembroke, Operating Partner of Gryphon’s Heritage Fund. “SWHC is an outstanding partner whose top-tier distribution solutions meet the unique challenges of our customers.”
Terms of the transaction were not disclosed.
Related Posts
-
Building controls and automation distributor Building Controls & Solutions expands to Canada and adds nine…
-
DXP Enterprises enhanced its water platform’s geographic reach and capabilities with the addition of Hennesy…
-
The acquisition of controls engineering company Trinity Controls expands Cisco-Eagle’s ability to serve industrial automation…
Share this article
Vesna Brajkovic
Vesna Brajkovic is MDM’s Senior Editor, having joined the company in May 2023. She has more than seven years of experience as a B2B publication editor, having focused on the commercial trucking, railroad, transit, fleet maintenance, automotive aftermarket and aviation industries. Brajkovic most recently spent the past two-plus years as Managing Editor of Heavy Duty Trucking for Bobit Business Media — where she reported and edited news and features on the commercial trucking industry, managed eNewsletters and social media, coordinated print magazine production and developed content for events and multimedia such as podcasts and videos. She can be contacted at vesna@mdm.com.
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
Leave a Comment
You must be logged in to post a comment.