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Add-on acquisition · Closed Jan 2019

Therma Holdings (Gemspring Capital portfolio co) acquires Yearout Mechanical

Relationship map

Relationship map for Therma Holdings (Gemspring Capital portfolio co) acquires Yearout Mechanicalbacksparent ofGemspring Capital: Pe FirmGCGemspring CapitalTherma Holdings LLC: PlatformTHTherma Holdings LLCYearout Mechanical: Operating CompanyYMYearout Mechanical
Operating CompanyPe FirmPlatform

Parties

Acquirer
Therma Holdings LLC
Platform
Target
Yearout Mechanical
Operating Company
Sponsor
Gemspring Capital
Pe Firm

Market signals

Summary

Therma Holdings, a portfolio company of private equity firm Gemspring Capital, acquired Albuquerque-based design-build mechanical/HVAC/plumbing services provider Yearout Mechanical, which will operate as a division of Therma. A PE-backed add-on extending Therma's geographic footprint into New Mexico.