Souter Investments to acquire Premier Hytemp

Aalberts N.V. Acquires Premier Thermal Solutions LLC

July 16, 2021

Industrial Services

Aalberts N.V. has signed a definitive agreement to acquire 100% of Premier Thermal Solutions LLC (PT), a Lansing, Michigan-based surface treatment and heat-treating services provider with nine locations across the US industrial Midwest. The acquisition expands Aalberts' surface technologies footprint and capabilities in North America, adding approximately $60 million in revenue and ~250 employees.

Pemberstone Capital Partners Acquires Sterling Thermal Technology Ltd

March 18, 2024

Manufacturing

Pemberstone Capital Partners has acquired Sterling Thermal Technology Ltd, a specialist UK-based manufacturer of custom heat exchangers, from existing investors including Nova Capital Management and Caledonia Investments. The transaction provides an exit for the selling investors while giving Sterling access to growth capital and expertise to accelerate its domestic and international expansion.

MML Infrastructure, Souter Investments and Cabot Square Capital Invest in Premier Modular

August 1, 2023

Construction

MML Infrastructure has invested in Premier Modular, a UK-based provider of leasing and permanent modular building solutions, with Souter Investments partnering alongside and existing backer Cabot Square Capital re-investing. The capital will support fleet expansion, broaden ownership structures and fund Premier Modular's continued growth across the UK and into mainland Europe.

Centre Partners and Baldwin Creek Form TruTemp with Acquisition of Maynor Service Company

September 16, 2025

HVAC & Mechanical

Centre Partners and Baldwin Creek Partners formed TruTemp Holdings, LLC and acquired Maynor Service Company to create a field-services platform focused on HVAC, plumbing and electrical services in the U.S. Southeast. Maynor’s president Brett Chappell invested alongside the firms and will lead TruTemp as the platform pursues a buy-and-build consolidation strategy across the region.

PremiStar Acquires Air Temp Mechanical (CT)

January 21, 2025

HVAC & Mechanical

PremiStar has partnered with Air Temp Mechanical, Connecticut’s largest independent commercial HVAC contractor, adding the 188-employee company to its national platform and expanding PremiStar’s footprint to 16 states. Air Temp Mechanical (founded 2001, led by Jeff Leone) provides HVAC installation, maintenance, building controls, plumbing and sheet metal fabrication to education, commercial/industrial, healthcare and government customers.

Therma Holdings Acquires Yearout Mechanical

January 15, 2019

HVAC & Mechanical

Therma Holdings LLC, a Gemspring Capital-backed Bay Area mechanical services platform, has acquired Yearout Mechanical, a design-build HVAC, plumbing and piping services provider based in Albuquerque, New Mexico. The acquisition expands Therma's geographic footprint into the New Mexico market and adds in-house fabrication and design-build capabilities to its platform.