Thermal Devices, Inc.
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Thermal Devices, Inc. - overview
Location
Mount Airy, MD, US
Primary Industry
Industrial Machinery
About
Based in Maryland, US, Thermal Devices, Inc. operates as a provider of industrial heaters and control products such as temperature control, temperature and process meters, and control panels for various industrial applications. In June 2024, Thermal Technology Distribution Solutions, a portfolio company of Gryphon Investors, acquired Thermal Devices, Inc. The firm offers a range of products including cartridge heaters, temperature controls, electrical controls, SCR power controls, heating cables, and related accessories.
The company’s services also include providing quotes, technical information, line cards, and a comprehensive catalog of products. Moreover, the firm partners with equipment manufacturers such as Watlow, Chromalox, and Eaton to offer all products. The company intends to use the June 2024 funds to broaden its resources and continue business development.
Current Investors
Thermal Technology Distribution Solutions
Primary Industry
Industrial Machinery
Sub Industries
Heating, Cooling & Ventilation Equipment and Services, Industrial Machinery
Website
www.thermaldevices.com
Verticals
E-commerce
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Thermal Devices, Inc. - 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 | Thermal Devices, Inc. | - |
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