NEW YORK, March 3, 2022 /PRNewswire/ -- One
Rock Capital Partners, LLC ("One
Rock") today announced that one of its affiliates has
entered into a definitive agreement to acquire Therm-O-Disc, a
subsidiary of Emerson (NYSE: EMR).
Therm-O-Disc is a leading designer and manufacturer of
safety-critical sensors, thermal cutoffs and sealed connecting
components primarily used in heating, ventilation and air
conditioning, appliance, water heater, industrial, aerospace &
defense, and transportation applications. Headquartered in
Mansfield, Ohio, Therm-O-Disc has
over 4,000 employees globally.
"Therm-O-Disc is well-positioned as a leading global
manufacturer of branded, essential sensor and safety products,"
said R. Scott Spielvogel, Managing
Partner of One Rock. "We are excited
to collaborate with management to drive innovation, enhance strong
operational capabilities and serve Therm-O-Disc's customers,
building on the long history as an industry leader."
"As a firm, One Rock has a depth
of experience in corporate carve-outs, which we look forward to
applying to establish Therm-O-Disc as a strong, independent company
well-positioned for growth," added One Rock Managing Partner Tony
W. Lee.
"Our partnership with One Rock
marks an exciting next chapter for Therm-O-Disc, and their
knowledge and experience of global engineering-driven industrial
businesses will align well with our aim to bring innovation and
superior service to our customers," said Vicki Dawkins, President of Therm-O-Disc. "We
look forward to leveraging One
Rock's strategic and operational expertise as we continue to
scale our offerings."
Completion of the transaction, which is expected in the first
half of 2022, is subject to applicable regulatory approvals and
customary closing conditions.
ABOUT ONE ROCK CAPITAL PARTNERS, LLC
One Rock makes controlling
investments in companies with potential for growth and operational
improvement using a rigorous approach that utilizes highly
experienced Operating Partners to identify, acquire and enhance
businesses in select industries. The involvement of these Operating
Partners affords One Rock the
ability to conduct due diligence and consummate acquisitions and
investments in all types of situations, regardless of complexity.
One Rock works collaboratively with
company management and its Operating Partners to develop a
comprehensive business plan focused on growing the enterprise and
its profitability to enhance long-term value. For more information,
visit www.onerockcapital.com.
ABOUT EMERSON
Emerson (NYSE:EMR), headquartered in St. Louis, Missouri (USA), is a global
technology and engineering company providing innovative solutions
for customers in industrial, commercial and residential markets.
Our Automation Solutions business helps process, hybrid and
discrete manufacturers maximize production, protect personnel and
the environment while optimizing their energy and operating costs.
Our Commercial and Residential Solutions business helps ensure
human comfort and health, protect food quality and safety, advance
energy efficiency, and create sustainable infrastructure. For more
information, visit www.emerson.com.
MEDIA CONTACT
Hallie Erlich
Prosek Partners for One Rock Capital
pro-onerock@prosek.com
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SOURCE One Rock Capital Partners, LLC