The Thermal Group Expands Capabilities with Acquisition of ACT Aerospace
- Editor
- Feb 3
- 2 min read
What's Happening: The Thermal Group (TTG), a portfolio company of Behrman Capital, has acquired Applied Composite Technology Aerospace, LLC (ACT), a manufacturer of advanced composite structures for the aerospace and defense industry. This acquisition expands TTG's product portfolio and enhances its ability to serve customers with a broader range of highly-engineered solutions.
The Key Moves:
TTG adds ACT's advanced composite capabilities to its existing thermal design and manufacturing expertise.
The acquisition creates cross-selling opportunities and strengthens TTG's strategic position in the defense, aerospace, and industrial sectors.
ACT brings 30 years of experience in engineered composite solutions for high-reliability applications.
By The Numbers :
ACT's 150,000+ sq. ft. facility is fully integrated to handle projects from design to final product.
Behrman Capital has raised $4.1 billion since inception and is currently investing out of its seventh fund.
Financial terms of the transaction were not disclosed.
Key Quotes:
Harley Kaplan, TTG's CEO: "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."
Jason Christensen, President of ACT: "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."
Grant Behrman, Managing Partner of Behrman Capital: "The acquisition of ACT represents an important step in the evolution of the TTG platform and continues the Company's track record of building a robust portfolio of high-reliability engineered solutions through strategic acquisitions."
The Bottom Line: The acquisition of ACT by The Thermal Group strengthens its position in the aerospace and defense industry by expanding its product offerings and manufacturing capabilities. This strategic move is expected to drive growth and create new opportunities for both companies in the high-reliability engineered solutions market.
Comments