CLEVELAND — Morgenthaler Partners, private-equity buyout firm based in Cleveland, Ohio, has acquired Phillips & Temro Industries (PTI), a supplier of products for diesel engine related markets.
Phillips & Temro supplies cold start and emissions control products to both the aftermarket and original equipment market through its brands ZeroStart, Temro, EM Products, Cowl and Cab Power. The company also provides diesel engine intake and exhaust silencing products to the stationary power generation, marine engine and off-highway industries. PTI’s newest product offering, Cab Power, provides systems that allow truck drivers to use in-cab electrical equipment without needing to run the diesel engines, reducing both fuel consumption and exhaust emissions.
“Phillips and Temro is an engineering-driven company with highly regarded brand names and a strong market position in a growing industry,” said Al Stanley, general partner at Morgenthaler Partners. “Its industry leadership position, combined with solid technical capabilities, patented technologies and an extremely strong commitment to quality, makes it a very attractive company.”
Phillips & Temro customers include Caterpillar, Cummins, Ford, Freightliner, General Motors, International, John Deere, Katolight, Kohler, PACCAR and Volvo/Mack.
According to Stanley, Morgenthaler plans to look for additional companies to expand the PTI platform.
For more information, visit: www.morgenthaler.com.
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