AI Infrastructure Partners has acquired TGM Incorporated, a leader in thermal management solutions for the semiconductor industry, aiming to scale operations and capitalize on growing market demand.

Information on the Target

Lake Oswego, OR — April 7, 2025 — AI Infrastructure Partners (AIIP) has announced its acquisition of TGM Incorporated, based in Richardson, TX. TGM is a premier provider of thermal management systems and custom solutions tailored to the semiconductor and advanced manufacturing markets. This acquisition signifies a pivotal moment for AIIP as it continues to pursue its mission of scaling essential infrastructure businesses that support the AI economy.

TGM was founded in 1983 and has built a reputation as a leading manufacturer of thermal management solutions. Its products include electric heaters, sensors, temperature controllers, and power management systems, which are vital in sectors such as semiconductor manufacturing, aerospace & defense, and nuclear research, where high-precision temperature control is critical.

Industry Overview in the Target’s Specific Country

The semiconductor industry in the United States has experienced exponential growth in recent years, driven by the increasing demand for advanced computing power and AI technologies.