Wisconsin Oven Corporation has been acquired by Thermal Product Solutions

April 1, 2015|Ann Hanna

This transaction was completed under Taureau Group’s former name, Schenck M&A Solutions.

In April 2015, Schenck M&A Solutions is pleased to announce that Wisconsin Oven Corporation (“Wisconsin Oven”) has been acquired by Thermal Product Solutions (“TPS”), a portfolio company of Resilience Capital Partners.

Headquartered in East Troy, WI, Wisconsin Oven is a leading American manufacturer of custom industrial ovens used for heat-treating, finishing, drying, curing, manufacturing automation and process control. Wisconsin Oven has been designing, engineering and manufacturing a broad range of industrial ovens and other heating equipment since 1973 and offers products for the aerospace, automotive, composites, energy, finishing, military and pharmaceutical industries.

David Strand, President/CEO of Wisconsin Oven said, "Wisconsin Oven has experienced incredible growth since selling to PLC group of France in 2012. This acquisition by TPS will provide great new opportunities and allow continued growth for the entire group. We are extremely excited about becoming part of the TPS family. The experience combined by all these great companies will provide expert solutions for applications in all temperature ranges."

TPS designs and manufactures industrial and laboratory ovens and furnaces, and environmental temperature cycling and stability test chambers. TPS is a global leader in thermal processing products and test solutions with brands including BlueM, Gruenberg, Tenney, Lindberg, MPH and now Wisconsin Oven.

Resilience Capital Partners is a leading private equity firm focused on management buyouts and recapitalizations of middle-market companies in niche-oriented manufacturing and business service companies located in the Midwestern and Mid-Atlantic United States.

Principals of Schenck M&A Solutions acted as the exclusive financial advisor to Wisconsin Oven Corporation and assisted in the exploration of various alternatives, including the consideration of this strategic sale to TPS.