PE-backed Therma buys Integrated assets
Summary
“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. 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 provides engineering, estimation, design, building information modeling, energy modeling, design-build, specialty 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 center, semiconductor and other industries with complex mechanical requirements. Gemspring partners with talented management teams and takes a hands-on approach to driving revenue growth and value creation. VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more.