21 March 2019

Miller Johnson Represents Altus Capital Partners in Acquisition of Thermal Solutions Manufacturing, Inc.

The Transaction
Miller Johnson represented Altus Capital Partners, Inc. (Altus) in the acquisition of Thermal Solutions Manufacturing, Inc. (TSM). TSM, based in Nashville, Tennessee, is a nationally recognized manufacturer and distributor of heavy duty and light truck heat exchange and thermal management products for the North American market. Altus’ investment supports TSM’s growth plans in the heavy-duty on-highway and off-highway truck aftermarket, as well as its development of products for specialized industrial original equipment manufacturers.

Russell J. Greenberg, Managing Partner of Altus Capital Partners, said, “Altus is very pleased to partner with the TSM management team. We recognize and value management’s capabilities in our partnership to grow and to continue the company’s industry position.”

Dustin Jackson and Dustin Daniels led Miller Johnson’s transaction team, which included Brittany Harden and Loic Dimithe (Corporate), Jim Ens (Real Estate), Alan Schwartz (Environmental), Nate Plantinga (Employment), Jeff Gray and Tripp VanderWal (Employee Benefits), and David Hall (Finance).

Altus Capital Partners, Inc.
( Altus is a private equity firm with offices in Connecticut and Illinois that makes controlling investments in middle market manufacturing businesses. Altus invests alongside management teams in profitable small to medium-sized manufacturing companies domiciled in the U.S. that have proprietary technologies, processes, and products. Altus utilizes a patient, thoughtful investment approach and seeks to partner with the management teams of its operating companies to achieve growth.

Thermal Solutions Manufacturing, Inc.
( TSM manufactures and distributes heavy duty and light truck heat exchange and temperature control products for the aftermarket and OEM off-road, on-highway and industrial end markets. TSM’s product portfolio includes radiators, radiator cores, charge air coolers and a growing offering of heat exchange and thermal management products. TSM operates through five manufacturing facilities and more than twenty third-party distribution outlets located in the United States and Mexico.

Miller Johnson’s Mergers and Acquisitions Group
Miller Johnson’s M&A practice group collaborates with clients and their advisors to structure, negotiate and close deals and to navigate the various challenges that can arise in the context of mergers, acquisitions, dispositions and other business combination or investment transactions.

Miller Johnson is top listed for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and is ranked by Chambers USA. At The M&A Advisor’s national awards and the ACG M&A Deals and Dealmakers regional awards, our attorneys are consistently involved in deals honored as winners and finalists. For further information, please contact Dustin Daniels at (616) 831-1737.