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Therma Holdings LLC, a portfolio company of Gemspring Capital, announced it has acquired Yearout Mechanical, a design-build provider of mechanical, fabrication and maintenance services, based in Albuquerque, New Mexico.
Founded in 1963, Yearout Mechanical is a full-service mechanical services provider offering engineering, installation and maintenance for HVAC, plumbing and piping systems for commercial, institutional and light industrial facilities. The company’s in-house fabrication and design-build capabilities differentiate Yearout as a leader in its regional market.
“Therma is one of the largest design-build mechanical service providers in the country and a leading provider of mission critical services in the Bay Area," said Brooks Corcoran, director, M&A and Strategy at Therma. "The acquisition of Yearout Mechanical expands our geographic footprint in an attractive and growing market.”
Therma provides engineering, estimation, design, building information modeling, energy modeling, design-build, specialty HVAC and pipe fabrication, modular skid and process controls, pre-fabrication and installation work for general contractors, construction managers and owners in the technology, biopharmaceutical, data center, semiconductor and other industries with complex mechanical requirements.
“We are excited to join the Therma team and look forward to delivering the same high-quality service to our valued customers," said Yearout Mechanical President Kevin Yearout. Yearout will continue to lead Yearout Mechanical, as a division of Therma Holdings.