Announced
Completed
Financials
Tags
Acquisition
Merger
Energy / Utility Services
mechanical systems
Domestic
Single Bidder
Private Equity
Private
United States
energy consulting
Diversified Engineering Procurement Construction (EPC)
Majority
Friendly
Completed
Synopsis
Blackstone completed the acquisition of RE Tech Advisors, an energy and sustainability consulting firm, and Therma, a speciality mechanical, electrical and controls services company, from Gemspring Capital, a private equity firm. RE Tech will be integrated into Therma and the combined company will offer customers a comprehensive suite of sustainability, carbon reduction, and energy management services. Financial terms were not disclosed. “We are strong believers in the continued growth of technology, healthcare and data center end-markets and look forward to partnering with the Therma and RE Tech teams on growing the business and solving the complex energy efficiency needs at mission-critical facilities across the US,” Bilal Khan, Blackstone Senior Managing Director.
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