Industrial Products

Heat Transfer Products Group

Leading supplier of heat transfer components and equipment for refrigeration applications in the foodservice, food retail and other non-consumable markets.

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.
Hennepin Partners LLC