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Phillips and Temro Industries acquires Arctic Fox, LLC

Phillips & Temro Industries (PTI) has acquired Arctic Fox from North River Capital, LLC, a private equity firm in Fort Wayne, IN. The acquisition of Arctic Fox expands PTI’s presence into fuel and hydraulic systems and the oil & gas and power sports end markets and provides a worldwide platform for growth. Phillips and Temro’s President and Chief Executive Officer, Butch Sumpter said “This acquisition is an outstanding development for PTI and our employees. Arctic Fox is a leading supplier of heating products, heating systems and contract manufacturing for the heavy duty truck, energy and off-road markets. We look forward to working with the Arctic Fox team to create further value for our customers, suppliers and employees.”