Seattle private equity firm buys Thermal Dynamics

Evergreen Pacific Partners, a Seattle private equity firm with $700 million under management, has acquired Thermal Dynamics in a deal of undisclosed size. Based in Ontario, California, Thermal Dynamics is a maker of advanced heat exchangers for cars, trucks, motorcycles, and military equipment. The technology is used in power steering; automatic transmission; and hydraulic fan drive… Read More


Bain Capital to buy Physio-Control from Medtronic for $487 million

After 13 years under the umbrella of Medtronic, Redmond-based Physio-Control is getting a new corporate parent. It was announced this morning that the maker of defibrillators will be purchased by private equity firm Bain Capital for $487 million in cash. Physio-Control, which was founded more than 50 years ago and now has more than 650,000… Read More