Thermal Technology Distribution Solutions expands its footprint in the mid-Atlantic and increases its heat trace and engineering offerings.
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The acquisition of SWHC marks the third deal in TTDS history as it builds out its thermal management solutions.
The acquisition of manufacturer and distributor AirX Climate Solutions marks Gryphon’s fourth investment in the HVAC value chain.
This represents the fifth platform deal closed by Gryphon’s Heritage Fund, the firm’s small-cap fund strategy.
Atlanta-based Heritage Distribution Holdings is a group of HVACR distributors serving the U.S. southeast and midwest via 64 branches across 10 states.
The private equity firm acquired Benoist Brothers Supply Co., a Midwest-based regional distributor of HVAC/R equipment, parts and supplies.
