American Capital Strategies Ltd. said it has invested $5 million in Phillips & Temro Holdings LLC, a leading manufacturer of cold weather starting and comfort products for the heavy duty truck OEM market and aftermarket.

American Capital's investment takes the form of a senior secured subordinated note and is supporting the acquisition of Phillips & Temro from the Budd Co. by TMB Industries, a private equity firm based in Chicago.
"American Capital is pleased to invest in Phillips & Temro as it continues to supply the needs of automotive and heavy truck manufacturers with its quality products and reliable service," said Tom Gregory, American Capital's managing director. "With heightened pressure from regulators enforcing anti-idling laws, tighter emissions controls and more stringent fuel economy standards, Phillips & Temro is prepared to meet the demands of the market with its high quality cold start and emissions control products."
Phillips & Temro has secured its position as a leading North American supplier and second-largest global supplier of cold weather starting and comfort products to the automotive and heavy duty truck OEM market and aftermarket. The company's four manufacturing facilities in Minnesota and Manitoba, Canada have enabled Phillips & Temro to serve automotive and heavy duty truck customers such as the Ford Motor Co., Cummins Engine Co., General Motors, DaimlerChrysler, Volvo and John Deere.
"American Capital and LaSalle Bank are excellent investment and financing partners as, under new ownership, PTI is poised to embrace strategic market opportunities and capitalize on its leading position and blue-chip customer base," said Kenneth Tallering, TMB managing director.
For more information about Phillips & Temro, visit www.americancapital.com.