Deal Details

sale to Harbour Group

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Summary

About

Phillips & Temro Industries (“PTI” or the “Company”), a portfolio company of Audax Group (“Audax”), was recently acquired by an affiliate of Harbour Group (“Harbour”). The terms of the transaction were not disclosed. PTI is a premier global supplier of highly engineered thermal technology systems, solutions, and controls for mission-critical applications in the oil & gas, off-road equipment, heavy / medium / light duty truck, power generation, electric / hybrid electric vehicle, and automotive industries. The Company is headquartered in Eden Prairie, Minnesota and has operations in the United States, United Kingdom, and China. Audax Group is a private equity firm that targets middle market businesses within the business and consumer services, energy, healthcare, technology, media and telecom, and industrial sectors. It manages more than $5 billion of assets across its private equity, mezzanine debt, and private senior debt businesses. Audax was founded in 1999 and has offices in New York, New York, Boston, Massachusetts, and Menlo Park, California. Harbour Group is a privately-owned operating company. Harbour and its companies are engaged in manufacturing, distribution, and specialty services in multiple industries. Since its founding in 1976, Harbour has acquired and built more than 180 companies in 38 different industries. Harbour is based in St. Louis, Missouri.

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