Transaction Overview
- Represented Heat Transfer Products Group (“HTPG”), a portfolio company of Monomoy Capital Partners (“MCP”), in its sale to Rheem Manufacturing Company (“Rheem”).
- HTPG designs and manufactures branded heat transfer and refrigeration equipment for OEMs, distributors, contractors and end market customers.
- Rheem manufactures heating, cooling, water heating and commercial refrigeration equipment globally.
Drivers of Interest
- Multiple, highly-recognizable brands that have established longevity, reliability and maintain a significant installed base of products within the refrigeration equipment industry
- Complete line of thermal management products that includes both critical components and complete systems.
- Strong design and engineering function that produces highly-customized products to customers’ unique specifications.
- Flexible manufacturing process that produces the fastest lead times.
- Ability to address and serve the entire spectrum of distribution channels, industry segments and geographies.
- Impressive customer diversification.
- Compelling platform for future growth.