Thermal Technology Distribution Solutions expands its reach with major acquisition
- Thermal Technology Distribution Solutions has acquired Applied Thermal Systems, enhancing its presence in the Upper Midwest.
- ATS adds significant technical capabilities and diversifies TTDS's customer base.
- The acquisition supports TTDS's goal of becoming the primary consolidator for thermal management distributors.
Today, in Cincinnati, Thermal Technology Distribution Solutions (TTDS) announced its acquisition of Applied Thermal Systems, Inc. (ATS), a Minneapolis-based distributor of thermal management products. This acquisition marks the fifth for TTDS since its establishment in September 2023 by Gryphon Investors through its Heritage Fund. Before ATS, TTDS had acquired several companies, including Big Chief, Inc., Proheat, Southwest Heater and Controls, and Thermal Devices. The transfer of ownership will allow TTDS to enhance its footprint in the Upper Midwest while diversifying its customer base. Jeff Collier, CEO of TTDS, emphasized the importance of deepening relationships with ATS’s suppliers and enhancing their product suite for ATS customers. Michael Roark, owner of ATS, voiced his confidence in the partnership, highlighting the operational resources TTDS brings to the table, which would help sustain the legacy of ATS as a key player in the regional market for thermal products. ATS’s addition strengthens TTDS’s position as a consolidator within the industry, with ongoing opportunities for growth through both organic means and further acquisitions. With a broad suite of products now available for ATS clients, TTDS is poised for a more significant impact in the industry as it looks to align with other thermal management product distributors who share its vision of superior customer support and supplier relationships.