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Therma Holdings Acquires Integrated Mechanical Systems to Expand Service Offerings in California.

MANews-(C)2009-2019

27 February 2019 - California, US-based mechanical services company Therma Holdings LLC has acquired the assets of California, US-based Integrated Mechanical Systems, a provider of mechanical design, fabrication, construction and maintenance services, the company said.

Terms of the transaction were not disclosed.

Therma said with the addition of Integrated Mechanical Systems, the company is positioned to meet that demand for operations.

Therma will begin immediately to combine Integrated Mechanical into its existing Southern California operations, presenting a single face to customers as Therma.

Integrated Mechanical Systems is a full-service mechanical services provider offering engineering, installation and maintenance for HVAC, plumbing and piping systems for commercial, institutional, retail and light industrial facilities.

Therma Holdings LLC, a portfolio company of Gemspring Capital, is focussed on designing, building and servicing custom and complex mechanical systems primarily related clean rooms, R and D, and manufacturing facilities.

Therma provides engineering, estimation, design, building information modeling, energy modeling, design-build, speciality HVAC and pipe fabrication, modular skid and process controls, pre-fabrication and installation work for general contractors, construction managers and owners in the technology, biopharmaceutical, data centre, semiconductor and other industries with complex mechanical requirements.

Gemspring Capital, a Westport, Connecticut-based private equity firm with USD 355m of equity capital under management, focusses on making control and structured equity investments in lower middle market companies headquartered in the United States and Canada.

Country: USA

Sector: Construction/Real Estate

Target: Integrated Mechanical Systems

Buyer: Therma Holdings LLC

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U9CA
Date:Feb 27, 2019
Words:261
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