Stout/Risius/Ross (SRR), a global financial advisory services company, announced that its client, Thermotech Inc. (Hopkins, MN), has been acquired by an affiliate of A.P. Plasman Inc. (Windsor, ON, Canada), a manufacturer of automotive exterior trim and other plastic painted parts and a portfolio company of Insight Equity Holdings LLC. SRR served as exclusive financial advisor to Thermotech in connection with this transaction.
Founded in 1949, Thermotech is an ISO/TS certified designer, engineer and manufacturer of injection molded electrical and mechanical components and assemblies, primarily for the automotive, small engine, consumer, electronic and other industrial markets. Thermotech operates a network of four plants in the United States and Mexico, including manufacturing facilities in Juarez, Monterrey and Queretaro.