Active Thermal Solutions
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Active Thermal Solutions - overview
Established
1940
Location
Philadelphia, PA, US
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
Based in Pennsylvania, US, and founded in 1940, Active Thermal Solutions operates as a provider of heavy-duty cooling products to aftermarket service centers, OEMs, and industrial fabrication partners across transportation, construction, and power generation sectors. In July 2025, LDR Growth Partners acquired Active Radiator. Financial terms were not disclosed. In the same month, LDR Growth Partners combined Active Radiator, Cincinnati Radiator Inc, and Ohio Heat Transfer Ltd.
under the Active Thermal Solutions brand. As of August 2025, Marty Newell is the Chief Executive Officer (CEO) of the company. Active Thermal Solutions from Advanced Cooling Technologies (ACT) provides powerful cooling systems to handle heat in tough environments. Their products include pumped systems, chillers, and environmental control units that are built to be reliable and customizable.
ACT focuses on liquid cooling, two-phase cooling, and liquid-to-air heat exchangers through its Tekgard brand for keeping electronics and critical equipment cool and safe.
Current Investors
LDR Growth Partners
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Heating, Cooling & Ventilation Equipment and Services
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Active Thermal Solutions - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | D & B Heat Transfer Products Inc. | - | ||||||||
| Add-on | Completed | Active Radiator | - | ||||||||
| Add-on | Completed | Cincinnati Radiator Inc | - | ||||||||
| Company Formation | Completed | Active Thermal Solutions | - | ||||||||
| Add-on | Completed | Ohio Heat Transfer Ltd. | - |
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