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New Deal


Announced

Completed

Gemspring-backed Therma Holdings completed the acquisition of Gilbert.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

United States

Private Equity

Majority

Acquisition

Single Bidder

Friendly

mechanical contracting services

Diversified Industrials

Completed

Synopsis

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Gemspring-backed Therma Holdings, a mechanical, electrical, plumbing and controls services company, completed the acquisition of Gilbert, a provider of mechanical, electrical, plumbing, controls and fire protection services. Financial terms were not disclosed. “Gilbert is a terrific addition to the Therma family. Their full-suite of mechanical and electrical solutions in mission-critical environments is a great offering fit, and their design expertise and customer focus is a perfect cultural fit. We’re looking forward to partnering with the entire Gilbert team to continue to grow the business in the Twin Cities market,” Jeff Sprau, Therma CEO.

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