Daily News: June 21, 2012

Harris Williams Advises Thermal in Sale to Evergreen


Harris Williams & Co. announced the sale of Thermal Dynamics (TDX) to Evergreen Pacific Partners. Harris Williams & Co. acted as the exclusive advisor to TDX. The transaction closed on June 13, 2012 and was led by the firm’s San Francisco office along with Joe Conner from the firm’s Transportation & Logistics (T&L) Group.

Joe Conner, a director in Harris Williams & Co’s T&L Group, said, “The TDX transaction continues to demonstrate the market’s strong demand for high quality investment opportunities in the transportation sector. The long-term growth fundamentals for the industry are compelling and highly differentiated, and high quality companies like TDX will continue to have a great opportunity to produce superior results in the market.”

TDX, headquartered in Ontario, CA, is a supplier of advanced technology heat exchangers for the automotive, truck, military and specialty vehicle end markets. Founded in 1957, the company’s expertise in cooling technology has kept TDX at the forefront of the industry for over five decades.

Based in Seattle, WA, Evergreen currently manages two private equity funds totaling $700 million, with a focus on investing in traditional, middle-market companies in Western North America. Evergreen’s typical investments include traditional buyouts, management led buyouts and growth capital investments.

Harris Williams & Co. is a middle-market investment bank focused on the advisory needs of clients worldwide.