MACON, Ga. – Global Temperature Control (GTC) announced that it has acquired Santech Industries.
GTC also owns Global Parts Distributors (GPD). GPD and Santech will operate independently as related companies to create one of the most complete automotive aftermarket suppliers of air conditioning compressors and components in the world, according to GTC. The combined company has a strong national presence, with operations in the Southeast and the Southwest as well as regional warehouses stretching from Philadelphia to California. The management teams of both companies will remain in their current positions.
Founded in 1974 in Macon, Ga., GPD is a national distributor of automotive aftermarket air conditioning parts and radiators to discount parts warehouses, retail chains, mass-market retailers, independent garages and repair shops.
Founded in 1971 in Fort Worth, Texas, Santech is a leading supplier of small parts and service kits to the automotive air conditioning aftermarket. Originally a manufacturer of sealing materials for aerospace, military, oil field and semiconductor industries, Santech today is solely focused on automotive applications.
GPD President David Montford said he believes the acquisition will create the leading service and product offering in the segment, saying, “These two companies are an excellent fit, creating a full line of A/C compressors, components and small parts to a broad customer base while providing world-class customer service.”
Michael Deese, Santech’s president, added, “This combination creates immediate synergies with patented products that cannot be duplicated in the industry. Our team is excited about this partnership and we look forward to providing our expanded offerings to our customers.”
Formed in 2009, Global Temperature Control LLC is a portfolio company of Owner Resource Group LLC an Austin, Texas-based private equity firm. GTC is focused exclusively on the temperature control segment of the automotive aftermarket.
