Milton Industries acquires Thunder Technologies
Chicago-based Milton Industries announced its acquisition of Thunder Technologies, a manufacturer of industrial hose, piping expansion joints, cut rubber and gasket products.
Thunder Technologies, based in Rochester Hills, Michigan, has been in business for more than 14 years serving U.S. and international customers in the manufacturing, industrial, energy, pharmaceutical, military, rocket, cryogenics, vehicle, and other industries.
This is Milton’s fifth acquisition in the last 24 months. Milton Industries designs, manufactures and markets precision-engineered pneumatic and hydraulic accessories.
“This expands Milton’s offerings into Thunder Technologies’ product line and distribution channels,” said Greg Carlson, CEO of Milton Industries. “We plan to use our design, manufacturing and marketing expertise to broaden both brands’ footprints. Our combined people, knowledge, and distribution will fuel our continued growth.”
“I’m very pleased with the acquisition and excited about sharing our respective expertise, products, and company cultures to accelerate growth,” said Marc Kalinowski, founder and CEO of Thunder Technologies. “The strategic combination of Thunder Technologies and Milton is a great fit to better serve our customers’ critical needs and increase opportunities for our employees.”
Carlson will continue as CEO of Milton Industries. Kalinowski, an equity holder and member of the senior leadership team, will continue leading the independent business unit on a go-forward basis. Milton’s core management team is partnered with its financial sponsor, LLCP (Levine Leichtman Capital Partners).
Milton and Thunder Technologies serve automotive, industrial, manufacturing, energy, cryogenics, military, pharmaceutical, aeronautics and trucking/fleet industries.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
