CAVU Group, a leading provider of thermal management and temperature monitoring solutions, announces the acquisition of Latent Heat Solutions, LLC (LHS).
Based in Golden, Colorado, LHS is a global provider of thermal management solutions for the commercial battery energy storage sector along with temperature stabilization of thermosensitive components and surfaces. The company’s technology prolongs battery life and ensures safety by preventing thermal runaway – a process of uncontrolled heating often resulting in the hazardous release of energy, venting gas, and fire.
“LHS is excited to merge the advanced technologies and expand the production capabilities of both companies by continuing to strategically grow the thermal management and thermal measurement solutions for our current and future partners," commented Mark Hartmann LHS Chief Technology Officer.
Under the agreement, CAVU will acquire LHS assets, resources, and customer contracts from CoorsTEK, Inc. and the merged business will operate as one of the CAVU Group brands. The acquisition further extends CAVU’s resources, capabilities, and reach into medical device, life science, electronic, consumer goods, industrial, and energy sectors.
CEO and President of the CAVU Group Randy Lane added, “Through our American Thermal Instruments and Microtek Laboratories brands, CAVU Group has been delivering temperature monitoring and management solutions for over 35 years. This investment further demonstrates our commitment to growth and advancing technologies to optimize energy solutions, increase customer satisfaction, brand protection, and consumer safety.”
Read the press release here.