# Therma Holdings acquires Yearout Mechanical

Therma Holdings LLC, a portfolio company of Gemspring Capital, acquired Yearout Mechanical, an Albuquerque-based design-build provider of mechanical, fabrication and maintenance services. The acquisition expands Therma's geographic footprint into the New Mexico market.

- Type: Acquisition
- Announced: 2019-01-16
- Where: Albuquerque, New Mexico, United States
- Status: completed
- Products: HVAC systems, plumbing systems, piping systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Gemspring Capital](https://endata.com/companies/25096.md) (investor)
- [Therma Corporation](https://endata.com/companies/25097.md) (acquirer)
- [Yearout Mechanical](https://endata.com/companies/36742.md) (target)
- [Integrated Mechanical Systems](https://endata.com/companies/37557.md) (target)

## Sources

- [therma.com](https://www.therma.com/therma-aquires-yearout-mechanical/), 2019-01-16: "Yearout Mechanical is an established company with a great reputation with customers and general contractors in the New Mexico market and is an excellent fit with Therma's growth strategy."
- [gemspring.com](https://www.gemspring.com/therma-holdings-llc-acquires-integrated-mechanical-systems/), 2019-02-25: "Therma Holdings LLC (“Therma”), a portfolio company of Gemspring Capital, today announced that it has acquired the assets of Integrated Mechanical Systems"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.