Tie Down Looks for Liquid Cooling Growth with MaxQ Acquisition
MaxQ Technology, LLC has been acquired by Tie Down to further grow liquid cooling markets in renewable energy, electric vehicle and industrial applications. This acquisition provides a clear growth path for volume production of high performance and reliable thermal management solutions for power conversion systems.
Removing waste heat from power conversion systems remains a persistent industry wide problem. High powered systems used in electric vehicle, solar, ocean, wind, and industrial control applications require advanced liquid cooling technologies that have low thermal resistance, minimal pressure drop and exceptional reliability.
Power inverters from 60KW and up used widely in these markets all share the same core problem: removing excessive heat from sensitive semiconductor switching modules. Solutions suitable for these systems require not only exceptional technology, but the capacity to produce quality product in production quantities.
The acquisition by Tie Down is expected to greatly improve MaxQ's production capacity and facilitate further technological developments. Securing key patents and demonstrating strong innovation acumen, MaxQ Technology provides coldplates and cooling solutions for the International Space Station, military defense research, autonomous and next generation electric vehicle manufacturers, and tier one suppliers in military, solar, wind, ocean, fossil fuel and industrial applications.
Emphasizing the close coupling between design, analysis and manufacturing, MaxQ Technology has developed reliable coldplates and cooling solutions for a wide variety of power conversion systems rated up to 2MW in capacity. Standard coldplates and custom cooling solutions support all leading Insulated Gate Bi-polar Transistor (IGBT) power modules from manufacturers such as Infineon, Powerex, ABB, Fuji Electric, Semikron and others.
Tie Down is a proven leader in the metal working industry with extensive CNC machining, laser cutting, welding, sheet metal and assembly capabilities. With over 750,000 square feet of ISO9001 certified production floor space, 5,500 finished products, 90 patents and almost 60 years of success in manufacturing, Tie Down has created a finely tuned operation.
Tie Down will assume all production manufacturing responsibilities for MaxQ Technology while providing strong technical support to continuously improve the fabrication processes, a critical necessity in this highly-customized market.
"We could not be more excited about MaxQ joining the team. As part of Tie Down's commitment to Manufacturing Ingenuity, the new acquisition of MaxQ Technology will expand our ability to provide cutting-edge products and solutions to some of the world's most innovative companies," says Chase MacKarvich, CFO of Tie Down, and goes on to say, "From a growth perspective, the partnership is in line with our strategy of complementing our organic growth by completing selected strategic acquisitions."
Memo Romero, President and CEO at MaxQ Technology states that, "Tie Down's manufacturing discipline and forward thinking philosophy will provide an exceptional basis to support any customer needing state of the art cooling products in any production quantity."
"MaxQ espouses the same core values of Tie Down: Proactive, Collaborative, Driven, Reliable, and Accountable," says Sloan MacKarvich, CBDO of Tie Down. "The forging of our two companies affords us an unparalleled competitive and strategic advantage in the dynamic and growing power conversion market."