Ohmite Manufacturing announced that its corporate parent, Heico Company LLC, has acquired Wakefield Solutions. Heico LLC is a Chicago based acquisition firm that invests in traditional manufacturing companies worldwide. The acquisition of Wakefield, a designer and manufacturer of thermal management solutions and aluminum extrusions for numerous industries, complements Ohmite's industry-leading selection of resistors.
Ohmite, headquartered in Arlington Heights, Illinois and founded in 1925, specializes in manufacturing and supplying power resistors to the medical, military, transportation, avionics, and general industrial sectors. Wakefield, headquartered in Pelham, New Hampshire, has high penetration in similar markets. Wakefield's fabrication products include extruded heat sinks, active cooling components, stamped and low power heat sinks, and precision compression mounted clamp systems.
Kevin Kreger, former Vice President of Operations at Ohmite, will assume the role of President of Wakefield, while Greg Pace, former Vice President of Sales and Marketing at Ohmite, will assume the duties of President at Ohmite. Both companies are a part of Heico's Ancra Group of companies.
"This acquisition will provide the power electronics market with a one-stop shop for complete thermal solutions," explained Steve Frediani, ANCRA Group President. "The combined resources of Wakefield and Ohmite will benefit Heico's international customer base with high penetration in key markets."