Thermal Solutions Manufacturing, Inc. and Altus Capital Partners

Madison Capital Funding closed a $37,000,000 senior debt facility to finance the Leveraged Buyout of Thermal Solutions Manufacturing Inc. by Altus Capital Partners. Madison Capital Funding was Sole Lead Arranger and Administrative Agent. Further terms were not disclosed.

Thermal Solutions Manufacturing Inc. is a manufacturer and distributor of radiators, radiator cores, and other thermal / engine management solutions for heavy duty trucks and industrial applications.

Founded in 2001, Madison Capital Funding is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products. Since inception, Madison Capital Funding has invested $32.3 billion in 1,144 middle market transactions with 294 private equity sponsors.

The loan discussed does not represent an account’s entire portfolio and in the aggregate, may represent only a small percentage of an account’s portfolio holdings. A complete list of all holdings is available upon request; please contact It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the loans mentioned herein. MCF #1811671