Operating Company Industrial Services

Legence

San Jose, California, United States

Formerly known as Legence, Therma Holdings, Therma Holdings LLC

Legence provides engineering, fabrication, installation, and maintenance services for mission-critical mechanical, electrical, plumbing (MEP), and high-performance building systems. It serves technology and high-tech manufacturing, life sciences/biopharma, data centers, and other demanding facilities with capital projects and ongoing services.

Focus Areas
Mechanical contracting, Electrical contracting, Plumbing / piping services

Tracked deals

7

7 tracked deals across 2019-2022.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

7 addon

Legence Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Legence. 3 2019 1 2020 2 2021 1 2022

Supporting Data

Recent Transactions

  • Buyer
    CMTA, Therma Holdings LLC
    Target
    ACTS 29 Consulting
    Seller
    ACTS 29 Consulting
    Type
    Addon

    CMTA and Therma Holdings acquired the assets of ACTS 29 Consulting in Dallas, Texas, adding local engineering capacity and expanding CMTA’s presence in the Dallas–Fort Worth market. ACTS 29 will join CMTA’s platform to broaden services in Texas and support CMTA’s delivery of high-performance, energy-efficient design and performance contracting across healthcare, education, commercial and government markets.

  • Buyer
    Therma Holdings LLC
    Target
    Bel-Aire Mechanical
    Type
    Addon

    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.

  • Buyer
    Therma Holdings
    Target
    CMTA, Building Systems Holdings (BSH)
    Location
    United States
    Type
    Addon

    Therma Holdings, a Blackstone portfolio company, agreed to acquire CMTA and Building Systems Holdings (BSH) to expand its engineering and energy services platform for high-performance buildings across the United States. The add-on acquisitions bring expanded MEP/energy-efficiency engineering, performance contracting, and construction management capabilities—adding over 150 professional engineers and broadening end-market coverage in healthcare, K‑12, higher education, federal and municipal facilities.

  • Buyer
    Therma Holdings, Gemspring Capital
    Target
    Gilbert LLC
    Type
    Addon

    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.

  • September 4, 2019
    Buyer
    Therma Holdings LLC, Gemspring Capital
    Target
    VarcoMac LLC
    Type
    Addon

    Therma Holdings LLC, a portfolio company of Gemspring Capital, has acquired VarcoMac LLC, an Odenton, Maryland-based provider of electrical systems and maintenance services for data centers, healthcare and government customers. The acquisition expands Therma's mission-critical electrical service capabilities and geographic reach in the Baltimore–Washington metro area; VarcoMac will continue to operate as a subsidiary led by President Shane Wilemon.

  • Buyer
    Therma Holdings LLC, Gemspring Capital
    Target
    Integrated Mechanical Systems
    Type
    Addon

    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.

  • Buyer
    Therma Holdings LLC, Gemspring Capital
    Target
    Yearout Mechanical
    Type
    Addon

    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.

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