The Thermal Group (TTG), a Chicago-based manufacturer of mission-critical components for the defense, aerospace and industrial sectors, has acquired Applied Composite Technology Aerospace LLC (ACT), a manufacturer of advanced composite structures in Gunnison, Utah.
ACT serves the aerospace and defense markets from a 150,000-square-foot facility that house design and production with capabilities including laminate construction, composite compression molding, resin transfer molding and filament winding.
The acquired company augments TTG's expertise in thermal design and manufacturing by adding advanced composite capabilities to its product portfolio, according to TTG CEO Harley Kaplan.
TTG products include ruggedized chassis, enclosures, heat sinks and cooling systems that are critical to the functionality of electronic systems.
"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," Kaplan said in a news release.
Terms of the deal between TTG, a portfolio company of Behrman Capital, and ACT were not disclosed.
ACT also provides complementary services such as design, testing, inspection and engineering, among others.
"We are proud of ACT's 30-year history of quality and serving customers with engineered composite solutions for high-reliability, and often complex applications," ACT President Jason Christensen said. "Joining forces with The Thermal Group creates exciting opportunities and enables us to create superior solutions for our customers in the aerospace and defense industry. We are eager to collaborate with TTG and leverage its broader infrastructure and resources to support significant growth in the years ahead."
The acquisition of ACT represents an important step in the evolution of the TTG platform, according to Grant Behrman, managing partner of Behrman Capital.
"We are excited to partner with ACT management as the combined company enters its next phase of growth," he said.