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  6. Therma Acquires Gilbert Mechanical Contractors

M&A Deal Summary

Therma Acquires Gilbert Mechanical Contractors

On June 8, 2020, Therma acquired business services company Gilbert Mechanical Contractors

Acquisition Highlights
  • This is Therma’s 4th transaction in the Business Services sector.
  • This is Therma’s 4th transaction in the United States.
  • This is Therma’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2020-06-08
Target Gilbert Mechanical Contractors
Sector Business Services
Buyer(s) Therma
Deal Type Add-on Acquisition

Target

Gilbert Mechanical Contractors

Edina, Minnesota, United States
Gilbert Mechanical Contractors LLC is a full-service mechanical, electrical, plumbing, controls, and fire protection services provider serving healthcare, commercial, and institutional markets. These core systems are vital for mission-critical facilities. Gilbert was founded in 1978 and is based in Edina, Minnesota.

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Buyer(S) 1

Buyer

Therma

San Jose, California, United States
Category Company
Founded 1967
Sector Business Services
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 4
Sector: Business Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 VarcoMac Electrical Construction Co.

Odenton, Maryland, United States

VarcoMac Electrical Construction Co. is a full-service electrical services provider of general power and lighting, security, fire alarm, UPS, standalone power generation, and voice/data/telecom solutions serving the commercial, institutional and government markets. These core systems are vital for data centers, hospitals, biotech labs and other mission-critical facilities.

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