M&A Deal Summary

Gemspring Capital Acquires Therma

On June 22, 2017, private equity firm Gemspring Capital acquired business services company Therma

Acquisition Highlights
  • This is Gemspring Capital’s 1st transaction in the Business Services sector.
  • This is Gemspring Capital’s 2nd transaction in the United States.
  • This is Gemspring Capital’s 1st transaction in California.

M&A Deal Summary
Date 2017-06-22
Target Therma
Sector Business Services
Buyer(s) Gemspring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Therma

San Jose, California, United States
Therma is a 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. Therma was founded in 1967 and is based in San Jose, California.

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Buyer(S) 1

Buyer

Gemspring Capital

Category Private Equity Firm
Founded 2015
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.

DEAL STATS #
Overall 2 of 32
Sector (Business Services) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 12
State (California) 1 of 7
Country (United States) 2 of 32
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 United Group Programs

Boca Raton, Florida, United States

United Group Programs is a designer, marketer and administrator of healthcare benefit products and services. The Company offers specialty products and services that are sold through an extensive broker network to small and mid-sized businesses. The primary insurance products offered by the Company include gap, limited medical, minimum essential coverage and self-funded major medical. United Group Programs was founded in 1968 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 Radancy

New York, New York, United States

Radancy is a recruitment advertising agency with a unified platform, augmented by rich data and deep industry expertise, which is revolutionizing how employers attract and hire the talent they need. Radancy was founded in 1967 and is based in New York City.

Buy -
Mergr

Product

Company

Legal