Original title: Goldman-Backed Boyd Weighs Sale of Thermal Business
Boyd Corp. is exploring a sale of its thermal management solutions business, people familiar with the matter said, amid rising demand for air-cooling systems for data centers. The US-based engineering company, which is backed by Goldman Sachs Group Inc., is working with advisers as it seeks to gauge buyer interest in the asset, according to the people. The TMS business could be worth $5 billion or more and is likely to appeal to industrial peers, they said.