Blackstone to acquire Therma Holdings from Gemspring Capital

Private equity funds managed by Blackstone Energy Partners entered a definitive agreement to acquire mechanical/energy-efficiency services platform Therma Holdings LLC from Gemspring Capital, with closing expected in Q4 2020 subject to regulatory approvals.

“Blackstone announced that private equity funds managed by Blackstone Energy Partners have entered into a definitive agreement to acquire Therma Holdings LLC, a portfolio company of Gemspring Capital.”

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