Nautic Partners has acquired Aavid Thermalloy, of Concord, N.H. Company management also took part in the deal. Financial terms were not announced. Aavid designs and makes high-performance thermal management products that are used in electronic systems. Nautic is a PE firm.
Nautic Partners LLC, a private equity firm with more than $2.5 billion of capital under management, today announced that it has partnered with management to acquire Aavid Thermalloy, LLC (Aavid). Aavid is a leader in designing and manufacturing high-performance thermal management products used in a wide range of electronics systems. Aavid is headquartered in Concord, New Hampshire, and has global manufacturing facilities across China, North America, Europe, and India.
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. Effective, reliable heat dissipation is critical because overheating is the leading cause of electronic equipment failure. Aavid has become a leader in the thermal management sector through a combination of its advanced technical and design capabilities, comprehensive and reliable product offerings, and global network of design centers and manufacturing facilities.
“Aavid is a market leader known for its high quality, engineered thermal management solutions,” said Doug Hill, Managing Director of Nautic. “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 will also continue to benefit from the secular trend of electronic systems becoming increasingly smaller and more powerful. This trend is resulting in higher temperatures in smaller spaces, leading to the need for more sophisticated thermal management solutions.”
“We are very pleased to partner with Nautic,” said Aavid Chief Executive Officer, Alan Wong. “We look forward to their strategic and financial support and I am confident that with our new financial partners, this begins a new chapter for Aavid which should see significant growth and further success in the years to come.”
The Prudential Insurance Company of America provided financing for the transaction. Terms of the transaction were not disclosed.
Aavid is Nautic Partners’ eighth investment from its most recent fund, Nautic Partners VI, LP.
About Nautic Partners
Founded in 1986, Nautic Partners is a middle-market private equity firm with over $2.5 billion of equity capital under management. The firm has completed over 100 transactions in partnership with management and delivered successful results to investors over three decades. Nautic targets equity investments of $25-$75 million, representing majority ownership in companies with proven business models, defensible market positions, and strong growth potential. Areas of focus include business services, manufacturing, healthcare, and communications. For more information, please visit www.nautic.com.
About Aavid Thermalloy, LLC
Aavid is based in Concord, New Hampshire and is a recognized thermal management leader. Aavid’s products are used in a wide variety of applications including enterprise systems, telecommunications equipment, power generation, industrial applications and a wide range of other uses. Aavid has five manufacturing facilities on three continents and design centers in North America, Asia and Europe. For more information, please visit www.aavid.com.