Therme Group Acquires Therme Erding

CVC and Therme Group Form €1bn Therme Horizon Joint Venture

June 17, 2025

Restaurants & Hospitality

Therme Group and CVC Capital Partners announced a strategic joint venture, Therme Horizon, in a deal valued at over €1 billion that will see the partners become equal owners of a new holding company anchored by Therme Erding (Germany) and Therme Bucharest (Romania). CVC will also co-invest in the development of Therme Manchester, with closing expected in the second half of 2025 subject to regulatory approvals.

Eaton Acquires Exertherm

May 21, 2024

Industrial Services

Eaton has completed the acquisition of Exertherm, a U.K.-based provider of continuous thermal monitoring solutions for electrical equipment. Eaton plans to integrate Exertherm's thermal monitoring technology into its Brightlayer software suite to expand capabilities for data centers, utilities and industrial customers and improve safety and reliability of critical electrical infrastructure.

Mentha Partners with Erhvervs Webdesign (EWD) to Accelerate Growth

May 8, 2023

Marketing & Advertising

Mentha has made its first investment in Denmark by partnering with the founders of Erhvervs Webdesign (EWD), providing capital and operational support to accelerate EWD's organic growth and buy-and-build expansion across Northern Europe. The founders, Thomas Jensen and Klaus Bisgaard, remain in senior management and retain a substantial shareholding; EWD employs about 70 people and operates five offices across Denmark.

TSG Group Acquires Kälte-, Klimatechnik Manfred Wegner GmbH

June 25, 2021

HVAC & Mechanical

TSG Group has acquired Kälte-, Klimatechnik Manfred Wegner GmbH (Wegner), a Wismar-based refrigeration and air conditioning maintenance and installation services company. The acquisition expands TSG's HVAC capabilities and geographic footprint in Northern and Eastern Germany and brings Wegner's ~98 employees and strong supermarket/food-retail customer relationships into the TSG platform.

Thermon Group Holdings Acquires Vapor Power International

January 15, 2024

Manufacturing

Thermon Group Holdings, Inc. (NYSE: THR) has acquired Vapor Power International, a provider of electric and gas-fired boilers and steam generators, from StonePointe LLC and members of Vapor Power's management. The acquisition (reported at approximately $110 million) expands Thermon's product portfolio into electric resistance, electrode and super critical coil tube boilers, supporting its electrification and decarbonization strategy.

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.