Accelerates Service Offering and Scale in Southern California
SAN JOSE, CA (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.
“Integrated Mechanical is an established company with a great reputation among its customers in the Southern California market and is an excellent fit with Therma’s growth strategy,” said Therma CEO Joe Parisi.
“Since launching our Southern California office in 2018, we have received significant inbound interest on expanding our design-build offerings including the opportunity to bid on larger-scale projects,” said Don Bach, Therma VP / GM Southern California. “With the addition of Integrated Mechanical Systems, we are now positioned to meet that demand.”
Kevin Stiver, co-founder of Integrated Mechanical said, “We look forward to joining the Therma family and building upon the work we’ve done over the past 17 years to serve our customers, to propel new growth and to provide new opportunities for our employees.”
Therma will begin immediately to combine Integrated Mechanical into its existing Southern California operations, presenting a single face to customers as Therma.
About Therma Holdings LLC
Therma Holdings LLC is a leading mechanical and electrical services company focused on designing, building, and servicing complex systems primarily in mission critical facilities. Therma has in-house engineering, design, fabrication, process piping, controls, pre-fabrication and installation capabilities. Therma works for owners, general contractors and construction managers in the technology, biopharmaceutical, data center, semiconductor and other industries with complex requirements. For more information, please visit www.therma.com.
About Gemspring Capital
Gemspring Capital, a Westport, Connecticut-based private equity firm with $355 million of equity capital under management, focuses on making control and structured equity investments in lower middle market companies headquartered in the United States and Canada. Gemspring partners with talented management teams and takes a hands-on approach to driving revenue growth and value creation. Target companies have up to $350 million in revenue and are in the business services, healthcare services, financial services, industrial services, software, or specialty manufacturing sectors. For more information, visit www.gemspring.com.