Thermal management system suppliers have long been a private equity favorite. Last week, Boyd Corp announced the acquisition of Lytron, a market leader in cold plates, chillers, heat exchangers, and liquid cooling solutions.
Amidst the influx of recent deal activity, the private equity backstory extends well beyond the last couple years. Please see our analysis below and dive into the timeline of add-on deals and platforms that led to the acquisition of Lytron and shaped the quickly consolidating thermal management market space.