New Growth-Oriented owners will maintain the Companies’ Market Leadership in competitive delivery times while concentrating on product and platform expansion.
An acquisition of renowned Midwest heat exchanger producers
In a private deal, LDR Growth Partners (“LDR“) stated that it had acquired Cincinnati Radiator Inc. and Ohio Heat Transfer Ltd. CRI and OHT are American producers of heavy-duty heat exchangers, radiators, and related air, oil, and hydraulic coolers. With customers in the agricultural, earthmoving, energy, forestry, hydraulics, and transportation-focused areas, the enterprises have established a flawless track record for producing and delivering their customized industrial goods promptly.Â
The motive behind the acquisition
While retaining the businesses’ core expertise in competitive delivery times across all offers, LDR looks forward to guiding value upgrades for the existing and future customer bases and developing the businesses through vertical integration and production capacity development. Also, the acquisition shares the enthusiasm for the sector and possesses the skills necessary to accelerate the growth while providing even more value to the clients.
About LDR Growth Partners
LDR was established in 2011 by U.S. Army Officers with a shared vision for business leadership and the potential of creating, nurturing, and expanding extraordinary teams. Also, it provides equity funding and targeted support to growth-oriented companies, management teams, and entrepreneurs to scale operations and maximize profits while fostering a culture of market leadership, creativity, and innovation.
About Ohio Heat Transfer and Cincinnati Radiator Inc.
An enterprising family team led by Mark and Phyllis Epure launched Ohio Heat Transfer in 2003 and Cincinnati Radiator in 1994. Both businesses are based in Fairfield and St. Clairsville in the Greater Cincinnati and Columbus regions, serving significant industrial OEM clients. Each company has a solid reputation for producing specialized heat exchangers and radiators of the highest quality for use in the infrastructure and transportation markets.
