Aavid Thermalloy, Laconia, N.H., has acquired Allcast LLC, Allenton, Wis. Allcast designs, manufactures and distributes aluminum die casting products for LED lighting, recreational vehicle, consumer and industrial applications.
“Allcast is a market leader with a strong brand and reputation in the aluminum diecasting market. We look forward to partnering with its management team to continue growing the business by providing a broader suite of solutions to our combined customer base,” said Alan Wong, CEO, Aavid.
Aavid designs, manufactures, and distributes thermal management solutions, including heat sinks, heat pipe assemblies and cold plates for telecommunications, server, consumer electronics, transportation and industrial applications. The firm is a portfolio company of Audax Private Equity, an investor in lower-middle market companies.
“Partnering with Aavid and Audax provides Allcast with additional resources to continue supporting our customers’ growth globally. We look forward to working with Aavid and Audax as we continue to build the company,” said Mark Magnarini, president, Allcast.