Aavid Thermalloy, LLC, a Concord, New Hampshire-based designer and manufacturer of high-performance thermal management products used in a wide range of electronics systems, has been acquired by Nautic Partners, which partnered with the management of the company.
The Prudential Insurance Company of America provided financing for the transaction.
Commenting on the investment, Doug Hill, Managing Director of Nautic, said: “We believe there are considerable opportunities for growth, both within our existing customer base, geographies, and industry verticals, as well as through penetration of new end markets”.
Aavid’s products are used to dissipate heat and maintain optimal temperatures of high-performance electronic components used in servers, telecommunications equipment (base station controllers and devices that amplify signals at cell sites), alternative energy equipment (solar and wind power inverters), and industrial and medical electronics.
The company, which has global manufacturing facilities across China, North America, Europe, and India, is led by CEO Alan Wong.