---
title: Rheem Manufacturing Company Acquires Heat Transfer Products Group
description: Seale & Associates advises Rheem Manufacturing Company on acquiring Heat Transfer Products Group, expanding their heating and cooling solutions.
---

[Transactions ](https://www.sealeassociates.com/experience/transactions)

# [Rheem Manufacturing Company Acquires Heat Transfer Products Group](https://www.sealeassociates.com/experience/transactions/rheem-acquires-htpg)

 Written by [James Seale](https://www.sealeassociates.com/experience/transactions/author/james-seale) | Feb 1, 2013 3:00:00 PM

Seale & Associates announced that it acted as financial advisor to Rheem Manufacturing Company ("Rheem"), a leading designer and high-quality manufacturer of heating, cooling, and water heating solutions, on its acquisition of Heat Transfer Products Group ("HTPG"), a manufacturer of heat transfer and refrigeration equipment.

### About the Rheem

Rheem, headquartered in Atlanta, Georgia, is an industry-leading provider of total heating, cooling, and water heating solutions for the residential, commercial, and industrial markets. Rheem's wide range of product offerings includes heating, cooling, conventional and hybrid storage-style water heaters, tankless water heaters, solar water heating systems, hydronic and geothermal systems, indoor air quality accessories, and replacement parts for all categories. Rheem is a subsidiary of Paloma Industries of Nagoya, Japan, with over $3 billion in annual sales. For more information, visit [www.rheem.com.](https://www.rheem.com/) 

### About HTPG

HTPG designs and manufactures heat transfer and refrigeration equipment under the premium brand names, Russell, Witt, Kramer, and ColdZone. HTPG is a leading supplier of refrigeration equipment through its broad offering of thermal management solutions, including components such as unit coolers, condensing units, air-cooled condensers, fluid coolers, chillers, custom coils, and air handlers, as well as complete packaged systems. For more information, visit [www.htpg.com.](https://www.htpg.com/) 

### About Seale & Associates

Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise-level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, visit [www.sealeassociates.com](https://www.sealeassociates.com/?hsLang=en).

 

[View full post](https://www.sealeassociates.com/experience/transactions/rheem-acquires-htpg)

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