Nashville, TN, May 01, 2020 – Thermal Solutions Manufacturing (TSM) named Joe Apuzzo to the position of President and Chief Executive Officer, succeeding Ken Robinson, who held the position for eight years.
Mr. Apuzzo has been involved with TSM for over two years, most recently as its Chief Financial Officer. Mr. Robinson will continue to advise TSM on strategic matters including acquisitions and other growth opportunities and remains a significant shareholder of TSM. Mr. Apuzzo said, “I want to thank Ken for his contributions and guidance during this transition period and look forward to his continued advice and counsel.”
Mr. Apuzzo further stated “TSM is not alone in facing daunting challenges brought about by COVID 19. The reaction and resolve of the TSM employees and management team in response to these challenges has been outstanding. TSM is a leading player in the marketplace and is well positioned to weather these challenges to support its customers with the service and availability they count on.”
Russell Greenberg, Chairman of TSM and Managing Partner of Altus Capital Partners, which is the largest shareholder of TSM, commented “Ken Robinson played a leading role in the development of TSM and Altus appreciates his many contributions including partnering with Altus on the acquisition of TSM in early 2019.” Mr. Greenberg further commented that “Altus remains excited about the strategic opportunities to grow TSM both organically and through acquisitions. We believe that Mr. Apuzzo’s strong background in finance and the industrial markets that TSM serves is an ideal set of talents to lead TSM at this time.”
TSM, based in Nashville, Tennessee, is a manufacturer and distributor of heat exchange and temperature control products for the North American heavy-duty on-highway and off-highway truck aftermarket and industrial end markets. TSM operates through manufacturing facilities and distribution outlets located throughout North America supplying radiators, condensers, air coolers and evaporators to multiple customer segments. For more information on TSM, please visit www.thermalsolutionsmfg.com
About Altus Capital Partners
Altus Capital Partners is a private equity firm that makes control investments in middle market niche-manufacturing businesses. Altus utilizes a patient, thoughtful investment approach and partners with management teams to achieve growth. For more information, please visit www.altuscapitalpartners.com