Therma Holdings Acquires Yearout Mechanical

Energy Systems Group Acquires Yearout Energy Services

June 17, 2024

Energy

Energy Systems Group (ESG) has acquired Yearout Energy Services to expand its national footprint and strengthen its service offerings in the Southwest, including Texas, Colorado, Arizona and New Mexico. Yearout’s management, led by President Colby Geer, will remain in place as part of ESG’s leadership team to accelerate growth and deliver expanded design-build, energy-efficiency, distributed generation and O&M services to public and private sector clients.

Exigent Acquires JPG Plumbing & Mechanical Services and ThermaServe

March 22, 2023

HVAC & Mechanical

Exigent Holdco LLC, a Reston, Virginia-based platform backed by Huron Capital, has acquired JPG Plumbing & Mechanical Services (Jessup, Maryland) and ThermaServe (Jacksonville, Florida). The add-on acquisitions expand Exigent's service capabilities and geographic footprint across the DMV and the Southeast, with support from Huron Capital and minority investor The Stephens Group.

Therma Holdings Acquires Bel-Aire Mechanical

November 11, 2021

HVAC & Mechanical

Therma Holdings, a Blackstone portfolio company, has acquired Phoenix-based Bel-Aire Mechanical to expand its mechanical and plumbing services footprint in Arizona. The acquisition adds over 400 professionals and broadens Therma's capabilities and geographic reach across mission-critical end markets such as data centers, semiconductors, and biopharma.

Blackstone Energy Partners Acquires Therma Holdings (and RE Tech Advisors) from Gemspring Capital

November 9, 2020

Engineering Services

Private equity funds managed by Blackstone Energy Partners have entered into a definitive agreement to acquire Therma Holdings LLC, a specialty mechanical, electrical and controls services provider, from Gemspring Capital. Blackstone is also acquiring RE Tech Advisors, Inc. and will integrate it into Therma to expand energy efficiency, sustainability and building management capabilities; the combined business will support mission-critical facilities across technology, life sciences, healthcare and data center end markets.

Therma Holdings Acquires Gilbert LLC

June 8, 2020

Industrial Services

Therma Holdings, a Gemspring Capital portfolio company, has acquired Gilbert LLC, a Minneapolis-area provider of mechanical, electrical, plumbing, controls and fire protection services. The deal is Therma's fourth add-on since partnering with Gemspring and is intended to expand Therma's capabilities and presence in the Twin Cities market, particularly for mission-critical facilities such as healthcare.

Therma Holdings Acquires Integrated Mechanical Systems

February 25, 2019

Industrial Services

Therma Holdings LLC, a portfolio company of Gemspring Capital, has acquired the assets of Integrated Mechanical Systems, an Irwindale, California-based provider of mechanical design, fabrication, construction and maintenance services. The acquisition is intended to accelerate Therma's service offering and scale in Southern California by combining Integrated Mechanical into Therma's existing Southern California operations.