Rheem acquires Heat Transfer Products Group from Monomoy Capital Partners

Rheem acquired commercial refrigeration manufacturer Heat Transfer Products Group (HTPG) from private equity owner Monomoy Capital Partners, representing a PE exit. HTPG becomes a standalone Rheem division.

“Rheem announced that it has acquired Heat Transfer Products Group (HTPG), Scottsboro, Ala., from Monomoy Capital Partners. Rheem is a manufacturer of heating, cooling, water heating, and pool/spa heating products for residential and commercial applications. HTPG is a manufacturer of commercial refrigeration equipment for the foodservice, food retail, and other non-consumable markets.”

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