Mar 06, 2015
Kian Capital is pleased to announce that, in conjunction with lead investor FNB Capital, it has invested $4.0 million of senior subordinated debt in TPS, LLC (“TPS” or the “Company”) to support the Company’s growth initiatives.
TPS, based in White Deer, Pennsylvania, is a leading designer and manufacturer of environmental test chambers, industrial ovens and industrial furnaces under the Tenney, Blue M, Gruenberg and Lindberg/MPH brands. The Company’s products are used in a broad range of applications, including component testing, quality assurance, curing and sterilization. TPS is a portfolio company of Resilience Capital Partners.
Rick Cravey, Partner at Kian Capital, said “The Company’s ability to formulate and manufacture both standard and custom products positions it as a leader in the engineered thermal solutions industry. We are excited to support Resilience and the Company’s talented management team to capitalize on this next chapter of growth opportunities.
TPS’s ability to formulate and manufacture both standard and custom products positions it as a leader in the engineered thermal solutions industry. We are excited to support Resilience and the Company’s talented management team to capitalize on this next chapter of growth opportunities.
Rick Cravey
Co-Founder & Partner at Kian Capital
About Thermal Product Solutions
Thermal Product Solutions (“TPS”) designs and manufactures industrial and laboratory ovens and furnaces, and environmental temperature cycling and stability test chambers. Product brands include Tenney, Blue M, Gruenberg, Lindberg/MPH and Wisconsin Oven. TPS headquarters are located in New Columbia, Pennsylvania Lindberg/MPH is located in Riverside, Michigan, and Wisconsin Oven is located in East Troy, Wisconsin. The company’s products are used in a broad range of applications, including component testing, quality assurance, curing and sterilization.
View Website
