Carlson Private Capital Partners makes 'significant investment' in N.J. company
Carlson Private Capital Partners, an investment firm owned by Minnesota's Carlson family, has made a significant investment in founder-owned Thermo Systems.
Thermo Systems, an automation company, serves the data center and life sciences markets. CPC managing partner Andy Cantwell stated in the release that Thermo was a great addition to their portfolio. Greg and Dave have built a remarkable company that is a leader in the rapidly growing control system integration space, serving attractive end markets and customers. Carlson Private Capital Partners was established in 2018 by the Carlson Family, one of the most wealthy and well-known families in the Twin Cities to offer different investment options for founder-owned businesses. "Greg and me have been carefully planning Thermo’s next generation leadership over the past few years. We believe CPC is the perfect partner at this perfect time to support our business and team," David Musto, co-founder of Thermo Systems, stated in the release. Raymond James & Associates, Inc. was Thermo Systems' financial advisor on this transaction. CPC and its founder shareholders were advised by Foley & Lardner and Fredrikson & Byron, respectively.