Enact Holdings: TTG Acquires ACT to Boost Aerospace and Defense Capabilities

TTG Strengthens Position in Aerospace and Defense with ACT Acquisition

On February 3, 2025, The Thermal Group (TTG) announces its acquisition of Applied Composite Technology Aerospace, LLC (ACT), marking a significant strategic move aimed at enhancing its capabilities in the aerospace and defense sectors. The financial terms of the deal remain undisclosed; however, TTG's leadership underscores the importance of this acquisition in broadening its offerings. TTG's CEO, Harley Kaplan, articulates that the integration of ACT’s advanced composite manufacturing capabilities will complement TTG’s existing thermal design expertise, thereby fostering innovation in engineered solutions.

ACT, based in Gunnison, Utah, brings over 30 years of experience in producing high-quality composite solutions that include laminate construction, composite compression molding, resin transfer molding, and filament winding. These capabilities are crucial for high-reliability applications, particularly in defense and aerospace, where performance and durability are paramount. By incorporating ACT into its portfolio, TTG positions itself to meet the increasing demand for sophisticated composite materials and technologies. The collaboration is expected to create substantial cross-selling opportunities, enabling both companies to leverage their respective strengths for enhanced customer offerings.

The acquisition is not only a response to the growing needs of the market but also a pivotal step in TTG's strategy to build a robust portfolio through targeted acquisitions. Jason Christensen, President of ACT, expresses optimism about the partnership, emphasizing its potential to enhance customer solutions in a competitive landscape. Grant Behrman, Managing Partner of Behrman Capital, echoes this sentiment, highlighting the deal's significance in TTG's evolution. With financial advisory support from Houlihan Lokey and legal counsel from Latham & Watkins LLP, the acquisition positions TTG favorably for long-term growth in an industry where reliability and innovation are increasingly critical.

In addition to the acquisition, TTG’s strategic focus reflects broader trends in the aerospace and defense industries, where advanced materials play a crucial role in meeting evolving performance standards. As these sectors experience a surge in demand for high-reliability engineered solutions, companies like TTG and ACT are poised to capitalize on emerging opportunities.

This acquisition not only enhances TTG’s competitive edge but also illustrates its commitment to expanding its technological capabilities to better serve its customers in the aerospace and defense markets.