LACONIA — Begun in Laconia nearly 50 years ago, Aavid Thermalloy corporation recently announced that it has returned its corporate headquarters and design center to the City on the Lakes from Concord. Aavid provides thermal management solutions to the electronics industry for a wide range of applications.
Appearing before the City Council last night, Norm Soucy, vice-president and general manager of the global transportation and industrial systems division, told the councilors "we are proud to call Laconia home." he said that the firm has invested renovating space at its 200,000-square foot facility at the O'Shea Industrial Park to bring its design team alongside its manufacturing operations as well as provide a home for its executive , administrative and sales offices.
Soucy said that the firm is working with both the Huot Regional Technical Education Center at Laconia High School and Lakes Region Community College to foster opportunities for young men and women for in advanced manufacturing. "We are investing in Laconia," he said.
Brian Byrne, chief financial officer, echoed "we are a member of your community."
The City Council welcomed the move and those attending the meeting openly applauded the announcement.
Last December Aavid was acquired by Audax Private Equity of Boston from Nautic Partners, LLC of Providence, Rhode Island, another private equity firm which a year earlier backed the management buyout of Aavid. The terms of the transactions were not disclosed.