Jim Gallagher’s Post

Gryphon Investors announced today that it has completed the sale of its portfolio company Potter Global Technologies (“Potter” or “the Company”) to investment funds managed by KKR, a leading global investment firm. Gryphon originally invested in the Company in December 2017. Potter will continue to operate under its current management team, led by Chief Executive Officer Gerry Connolly. Read more at https://lnkd.in/evRwE9_y

We are excited to announce that Right Time Group of Companies, a leading home services provider in Canada, has acquired a Halifax, Nova Scotia-based Breathe Clean Mini Split Heat Pump Cleaning (“Breathe Clean” or the “Company”), expanding its growth in Nova Scotia. Since 2016, Breathe Clean has been providing first-rate ductless heat pump cleaning services in Halifax and the surrounding areas. Employees of the Company will join the Right Time team and continue to serve their customers and community. Read more at https://lnkd.in/g4n92jW4

Thrilled to be recognized by WSJ Pro among this incredible group of women and grateful to Gryphon Investors for the support! https://lnkd.in/gGyk3-Ep

Gryphon Investors announced today that it has agreed to acquire AirX Climate Solutions (“ACS” or the “Company”), a leading designer, manufacturer, distributor, and servicer of highly engineered, functionally critical products for the specialty heating, ventilation, and air conditioning (“HVAC”) markets. Gryphon’s investment will support ACS’ exciting growth initiatives, including broadening its geographic footprint, expanding its aftermarket and service offerings, and executing strategic acquisitions. As part of the transaction, ACS’ CEO Rick Aldridge and other members of management will reinvest alongside Gryphon and will continue to manage the Company. Read more at https://lnkd.in/gbxv3Ur7

We are excited to announce that Gryphon Investors has established Thermal Technology Distribution Solutions (“TTDS”), a platform for the distribution of industrial temperature management and related products. Simultaneously, TTDS has completed the acquisition of Big Chief Inc. (“BC”), a leading independent distributor of electric process heating and temperature control products for the industrial market. This represents the fifth platform deal closed by Gryphon’s Heritage Fund, the firm’s small-cap fund strategy. Read more at https://lnkd.in/gw7SYKC4

Earlier today we announced the acquisition of Vetnique®, a leading developer of pet health and wellness products. Headquartered in Naperville, IL, Vetnique develops a range of specialty pet products including supplements and topical solutions for digestive health, allergy and dermatological support, ear care, active lifestyle, and calming support.   We are very excited to partner with CEO James Bascharon, DVM and his outstanding team as we support the company through its next phase of growth.   Congrats to Gryphon's Consumer deal team, including Matt Farron, Mike Ferry, Eddie Douglas, Ross Chukerman, Ben Long and many others.   Read more at https://lnkd.in/eXb5rfG3 #acquisition #privateequity #deal #growth #consumer #pet #petproducts #pethealth #vetnique #vetniquelabs #vet #gryphon #gryphoninvestors

Gryphon's Heritage Fund is thrilled to announce the signing of a definitive agreement for the sale of its portfolio company Heritage Distribution Holdings (HDH) to Beijer Ref, a leading worldwide distributor of commercial refrigeration, industrial refrigeration, and air conditioning. Gryphon made its first investment in the Company in July 2021 and completed four add-on acquisitions during its ownership to create a regional leader in its respective markets. Subject to customary closing conditions, the sale is expected to close in Q1 2023. Keith Stimson, Deal Partner and Head of Gryphon’s Heritage Fund commented, “We are proud of what HDH CEO Alex Averitt and the management team have accomplished over the past year and a half and are extremely pleased to have this successful outcome for the first exit from the Heritage Fund portfolio. Our investment in HDH is testament to Gryphon’s Heritage Fund strategy, which leverages Gryphon’s sector initiative strategy and focuses on partnering with market leaders with sustainable differentiation.” Congratulations to the Heritage Fund deal team, Keith Stimson, Jef Rogers, Craig Nikrant, Timothy Bradley, Robb Crow, Prannay Srivastava and many other Gryphons who contributed to the company's value creation under the course of our ownership. Read more at https://lnkd.in/gMHCekVY #realization #exit #privateequity #HVAC #HVACR #Heritagedistribution #Wittichen #benoist #coastalsupply #edssupply #industrial #beijerref #Gryphon #gryphoninvestors #GryphonHeritage