ONE ROCK CAPITAL PARTNERS COMPLETES ACQUISITION OF THERM-O-DISC FROM EMERSON

Rhea-AI Summary

One Rock Capital Partners has completed the acquisition of Therm-O-Disc, a subsidiary of Emerson (NYSE: EMR). Therm-O-Disc specializes in safety-critical sensors and components for various industries, including HVAC and aerospace. One Rock aims to leverage its strategic resources to enhance Therm-O-Disc's growth and operational success. Scott Spielvogel emphasized the company’s innovation and customer service as key strengths that will drive future expansion. The acquisition reflects One Rock's strategy of investing in growth potential and operational improvements.

Positive

• Acquisition enhances One Rock's portfolio with Therm-O-Disc's innovative product offerings.
• Strategic resources from One Rock are expected to drive growth and operational improvements for Therm-O-Disc.

Negative

• None.

NEW YORK, June 1, 2022 /PRNewswire/ -- One Rock Capital Partners, LLC ("One Rock") today announced that one of its affiliates has successfully completed the previously announced acquisition of Therm-O-Disc, a subsidiary of Emerson (NYSE: EMR).

Therm-O-Disc is a leading designer and manufacturer of safety-critical sensors, thermal cutoffs and sealed connecting components primarily used in heating, ventilation and air conditioning, appliance, water heater, industrial, aerospace & defense, and transportation applications.

"Therm-O-Disc's commitment to product innovation and consistent delivery of superior customer service underscore its position as a long-standing industry leader," said R. Scott Spielvogel, Managing Partner of One Rock. "We eagerly anticipate an exciting next phase of growth ahead for Therm-O-Disc, and we plan to utilize One Rock's strategic and operational resources to collaborate with the management team to drive future success for the company."

Latham & Watkins, LLP acted as legal counsel to One Rock in connection with the transaction.

ABOUT ONE ROCK CAPITAL PARTNERS, LLC

One Rock makes controlling investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select industries. The involvement of these Operating Partners affords One Rock the ability to conduct due diligence and consummate acquisitions and investments in all types of situations, regardless of complexity. One Rock works collaboratively with company management and its Operating Partners to develop a comprehensive business plan focused on growing the enterprise and its profitability to enhance long-term value. For more information, visit www.onerockcapital.com.

MEDIA CONTACT
Hallie Erlich
Prosek Partners
pro-onerock@prosek.com

 

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SOURCE One Rock Capital Partners, LLC

FAQ

What is the purpose of One Rock's acquisition of Therm-O-Disc?

The acquisition aims to leverage One Rock's strategic resources to enhance Therm-O-Disc's growth and operational success.

When was the acquisition of Therm-O-Disc completed?

The acquisition was completed on June 1, 2022.

What industry does Therm-O-Disc operate in?

Therm-O-Disc operates in sectors including HVAC, industrial, and aerospace, focusing on safety-critical sensors and components.

What can investors expect from the acquisition of Therm-O-Disc by One Rock?

Investors can expect potential growth and operational improvements for Therm-O-Disc as One Rock applies its strategic resources.

What is Emerson's stock symbol?

Emerson's stock symbol is EMR.