Cincinnati Radiator and Ohio Heat Transfer Privately Acquired

CRI and OHT are both manufacturers of heavy-duty heat exchangers, radiators and related air, oil and hydraulic coolers.
The acquisitions, Wholesale Sheet Metal and Pile Protections Tops, will expand Munch's geographic footprint to 71 locations.

Washington, D.C.-based private equity firm LDR Growth Partners announced Aug. 8 that it has acquired the businesses of Cincinnati Radiator Inc. (CRI) and Ohio Heat Transfer Ltd. (OHT) in a private transaction that closed Aug. 1. 

CRI and OHT are both U.S.-based manufacturers of heavy-duty heat exchangers, radiators and related air, oil, and hydraulic coolers. Established in 1994 and 2003, respectively, the businesses have manufactured and delivered their custom industrial products in mission-critical situations for customers across agricultural, earthmoving, energy, forestry, hydraulics and transportation-focused markets.

“LDR believes foremost in the caliber of the teams and systems at Cincy Radiator and Ohio Heat Transfer as established under their founders’ leadership,” said Richard Sexton, partner at LDR. “Since inception, each of these businesses has cultivated an excellent standard of service and value for their customers, as evidenced by their long-standing blue-chip customer bases. For any boutique manufacturing operation, this is a huge testament to the company’s ability to execute on product quality, timely delivery and customer service. Their history to-date really sets the stage for expansion.”

“We as a team are excited and confident with LDR supporting our next phase to continue what has been built at Cincy Radiator and Ohio Heat Transfer,” said Prasenjit Ray, General Manager of CRI and OHT. “LDR shares our passion for the industry and has the know-how to shift our growth into high gear while adding even more value to our customers. Excitement for the future is high since the transition announcement a few weeks ago.”

LDR has a dedicated focus on leading investor groups in acquiring and growing unique, cash flow-generating businesses in the manufacturing, industrial products and transportation sectors. 

Related Posts

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.