Heating and Cooling For Automotive

Thermal Solutions Manufacturing

thermalsolutionsmfg.com

Partnering to expand capabilities and market coverage
for a diversified automotive aftermarket supplier

Thermal Solutions Manufacturing, Inc. (TSM), headquartered in Nashville, TN, is a leading manufacturer and distributor of 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 operates through manufacturing facilities and distribution outlets located throughout North America supplying radiators, condensers, air coolers and evaporators to multiple customer segments, including installers, commercial distributors, specialty retailers, OEMS and jobbers.

Transaction

In February 2012, simultaneously with the sale of the heavy duty division of Vista Pro Automotive, LLC (HD), Wynnchurch partnered with Resilience Capital to acquire Thermal Solutions Manufacturing, Inc.

In August 2012, TSM acquired R&D Enterprises, a niche manufacturer of marine OEM heat exchange products and low-volume production of off-highway heat exchange products. R&D complements TSM’s existing capabilities, adding diversified product offerings and expanded sales channels into OEM customers and marine end markets.

Opportunity

Thermal Solutions Manufacturing, Inc. was an opportunity for Wynnchurch to invest in a market-leading supplier with national reach. TSM has the unique ability to provide customized and standard solutions to customers needing a fast response time to keep their equipment running. The company is well positioned to benefit from a recovery in the commercial truck market.

Strategy

Wynnchurch is working with management and Resilience Capital to invest in new products and capabilities that will allow TSM to grow their leading market position by increasing wallet share with existing customers, gaining new customers and expanding coverage of end markets. TSM continues to identify and pursue organic growth initiatives and potential add-on investments.