Audax-backed Phillips & Temro Acquired by Harbour Group
March 18, 2015
Audax Group-backed Phillips & Temro Industries has been acquired by Harbour Group. Operating out of five locations, PTI is a global supplier of highly engineered thermal technology systems, solutions and controls for applications in the oil & gas, off-road equipment and automotive industries, among others. Since Audax initially backed PTI in 2012, the company has consolidated its North American manufacturing facilities, divested its silencing/emissions division and made various key acquisitions to underpin continued future growth.