Private equity firm Nautic Partners said it will acquire Aavid Thermalloy, a company that designs and manufactures thermal management products used in a range of electronics systems.

Aavid’s products are used to dissipate heat and maintain optimal temperatures of high-performance electronic components used in servers, telecommunications equipment, alternative energy equipment, and industrial and medical electronics.

Financing for the transaction was provided by Prudential Insurance Company of America.

Headquartered in Concord, New Hampshire, Aavid has global manufacturing facilities across China, India, North America and Europe.

The company has five manufacturing facilities and design centers in North America, Asia and Europe.