TTDS Strengthens Its Market Presence with Acquisition of Applied Thermal Systems

Thermal Technology Distribution Solutions (TTDS), a subsidiary of Gryphon Investors, has made a significant stride in its market expansion with the acquisition of Applied Thermal Systems, Inc. (ATS), based in Minneapolis. This strategic move positions TTDS as a formidable player in the industrial temperature management sector, enhancing both its product portfolio and geographical footprint.

Expanding Reach in the Upper Midwest

The acquisition of ATS marks a crucial step in TTDS’s strategy to broaden its customer base and strengthen its technical capabilities in the Upper Midwest. The strategic maneuver will allow TTDS to leverage ATS’s established reputation and distribution network. Jeff Collier, the CEO of TTDS, expressed optimism about this partnership, noting, "Partnering with ATS helps us enhance our presence in the Upper Midwest region, diversifies our customer base, and strengthens our technical capabilities."

ATS, known for its value-added distribution of electric heaters, controls, and thermocouples, has served a vital role in the thermal management industry. This acquisition not only complements TTDS's existing offerings but also sets the stage for providing upgraded solutions to ATS's customers, incorporating TTDS’s broader array of products.

A Vision for Growth

ATS’s owner, Michael Roark, shared insights into the rationale behind this collaboration. He stated, "As we considered our options for the right long-term partner, joining forces with TTDS and Gryphon was the obvious choice. Their financial and operational resources will allow ATS to continue its legacy as a leading regional thermal products solutions provider."

This acquisition marks the fifth for TTDS since its formation in September 2023, initiated by Gryphon Investors through its Heritage Fund. Previous acquisitions include Big Chief, Inc., Proheat, Southwest Heater and Controls, and Thermal Devices, all contributing to the company's growth strategy. Jeff Pembroke, Operating Partner of Gryphon's Heritage Fund, commented, "Our aim is to be the consolidator of choice for thermal management product distributors who want to join a premier and rapidly growing platform."

About Thermal Technology Distribution Solutions

Founded in Cincinnati, Ohio, TTDS is focused on enhancing the distribution of industrial temperature management products. Offering an expansive line of products, including electric process heating, sensors, and controls, TTDS is well-positioned to cater to a diverse clientele.

The company's approach emphasizes a collaborative effort to support both customers and suppliers, establishing itself as a critical player in the market.

Through these acquisitions, TTDS aims to foster organic growth while actively seeking out further opportunities for expansion with partners that share a commitment to outstanding customer service. This fintech-driven model not only enhances TTDS's market share but also helps in solidifying its presence as a leader in thermal management solutions.

Empowering Advancements in Thermal Management

The merger with ATS signifies a commitment to empowering advancements and innovation within the thermal management niche. As the industry evolves, TTDS is poised to remain at the forefront, driving solutions that meet the dynamic needs of manufacturers—this merger is a step towards that goal.

Through this acquisition, TTDS aims not only to bolster its resources but also to continue fostering a culture of support and excellence that will benefit customers and partners alike. As future opportunities unfold, TTDS looks forward to nurturing its successes and addressing new challenges in the thermal management landscape.