Therma Holdings LLC Acquires Integrated Mechanical Systems

Accelerates Service Offering and Scale in Southern California

SAN JOSE, Calif.—February 25, 2019 – Therma Holdings LLC (“Therma”), a portfolio company of Gemspring Capital, today announced that it has acquired the assets of Integrated Mechanical Systems (“Integrated”), an Irwindale, Calif.-based provider of mechanical design, fabrication, construction and maintenance services.  

Gemspring Capital Completes Acquisition of Therma Corporation

WESTPORT, CT – Gemspring Capital, a private equity firm specializing in lower middle market companies, is pleased to announce an affiliate has acquired the assets of Therma Corporation, a leading full-service design-build specialty mechanical contractor that focuses on complex HVAC, high purity process piping and process controls for cleanrooms, laboratories and high-tech manufacturing facilities.

Gemspring Capital Invests in United Group Programs

WESTPORT, CT – Gemspring Capital, LLC (“Gemspring”), a Westport, Connecticut-based private equity firm specializing in lower middle market companies, announced today that an affiliate has made a strategic investment in United Group Programs, Inc. (“UGP” or “the Company”), a leading designer, marketer and administrator of healthcare benefit products and services. Financial details of the investment were not disclosed.