About Therma
Therma is a company based in San Jose (United States) founded in 1967 was acquired by Blackstone in November 2020. It operates as a Professional Services. Therma has raised $36.63 million across 5 funding rounds from investors including Blackstone and Gemspring Capital. The company has 1,118 employees. Therma has completed 3 acquisitions, including Integrated Mechanical Systems, VarcoMac and Yearout Mechanical. Therma offers products and services including HVAC Maintenance, Plumbing Maintenance, and Building Automation Systems.
- Headquarter San Jose, United States
- Employees 1,118
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website therma.com
- Social LinkedIn X Facebook
- Acquired by Blackstone (Nov 2020)
- Legal Name Therma
- Total Equity Funding$36.63M (USD)
in 5 rounds
- Latest Funding Round$19M (USD), Series A
Feb 2023
- InvestorsBlackstone
& 1 more
- Employee Count1,118
- Investments & AcquisitionsIntegrated Mechanical Systems
& 2 more
- Acquired by
Products & Services of Therma
Therma offers a comprehensive portfolio of products and services, including HVAC Maintenance, Plumbing Maintenance, and Building Automation Systems.
HVAC systems are maintained for optimal building performance.
Plumbing systems are serviced for reliable operational efficiency.
Automation systems are implemented for enhanced energy management.
Funding Insights of Therma
Therma has successfully raised a total of $36.63M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $19 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $36.63M
- Total Rounds 5
- Last Round Series A — $19M
- First Round $1.79M
(Dec 2016)
All 5 funding rounds of Therma with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $19M | Series A | – | – | – |
| Mar 2021 | $10.2M | Series A | – | – | – |
| Dec 2020 | $5.49M | Series A | – | – | – |
| Dec 2019 | $150,000 | Seed | – | – | – |
| Dec 2016 | $1.79M | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Therma
Therma has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Blackstone and Gemspring Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States | |
Flexible capital solutions are provided to middle-market companies by Gemspring Capital. | 2015 | gemspring.com | Westport, United States |
Investor details for Therma
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Therma
44 people are tracked at Therma (14 in leadership, 30 in team); the tracked headcount is 1,118.
| Name | Role | Group |
|---|---|---|
Kerry Coltun | VP, Process Systems & Industrial Controls | Leadership |
Zachery Gill | Director Of Eh&s | Leadership |
Clark Lowe | Director Of Engineering | Leadership |
Danielle Paye | Director Of Business Development And Marketing | Leadership |
Harikrishna Patadiya | Director, Automation And Controls | Leadership |
Jeff Sprau | CEO | Leadership |
Don Bach | Vp/gm Southern California | Leadership |
Steve Conn | Vice President - Preconstruction & Engineering | Leadership |
Mike Fisher | President | Leadership |
Mehrdad A. | Director, Critical Facilities Engineering | Leadership |
Brian Vaeth | Director of Process Engineering | Leadership |
Mehrdad Alipour | Director, Critical Facilities Engineering | Leadership |
Greg Conn | Vice President Operations | Leadership |
Michael Story | Director, Operations Analysis | Leadership |
Pete Portesi | Project Executive | Team |
Francis Wong | EVP, Finance | Team |
Joe Palermo | Project Executive Special Projects | Team |
Jay Cmiel | Senior Mechanical Engineer | Team |
Fred M. | Construction Safety Manager | Team |
Kristine Puccio | Marketing & Engagement Manager | Team |
24 more people are available in the full profile.
Complete people profiles for Therma
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Therma
Therma has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Integrated Mechanical Systems, VarcoMac and Yearout Mechanical.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Repair services for HVAC products are provided nationwide. | varcomac.com | Odenton, United States | 1978 | Sep 2019 | •••• | |
Mechanical contracting for HVAC, piping, and process control is provided. | integratedmechanical.com | Irwindale, United States | 2002 | Feb 2019 | •••• | |
Architectural, structural, and electrical design services are provided. | yearout.com | Albuquerque, United States | 1963 | Jan 2019 | •••• |
Complete acquisition details for Therma
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Therma
8 dated milestones of Therma across 56 years, from founding to its latest funding, stage changes and deals.
- Founded Therma is founded.
- Funding First funding round of $1.8M.
- Exit Acquired by Gemspring Capital.
- Acquisition Acquires Yearout Mechanical.
- Acquisition Acquires Integrated Mechanical Systems.
- Acquisition Acquires VarcoMac.
- Exit Acquired by Blackstone.
- Funding Latest funding round, Series A, of $19.0M.
Web traffic of Therma
The website of Therma (therma.com) receives about 25.8K visits a month.
- Monthly visits25.8K
▼ 16.7% vs previous month
Websites whose visitors overlap most with Therma. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
behler-young.com | behler-young.com | 100% | – | #1,165,310 | – |
| smarterhouse.org | 99% | – | #2,030,526 | View details | |
| consolidatedsupply.com | 95% | – | #700,198 | View details | |
4specs.com | 4specs.com | 95% | – | #885,650 | – |
| tecmungo.com | 95% | 4.1K | #4,174,364 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 36 similar websites and full traffic analytics for Therma
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 36 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to Therma
10 companies that operate in the same segment as Therma (Industrial HVAC Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer and manufacturer of heating, ventilation, air conditioning and refrigeration equipment | 1924 | Osaka, Osaka Prefecture, Japan | – | USD 29.47 B | 96,337 | |
Industrial automation, power systems, and semiconductors are manufactured globally. | 1921 | Chiyoda, Tokyo, Japan | – | – | – | |
Industrial refrigeration systems and related products are manufactured. | 1993 | Ahmedabad, Gujarat, India | – | USD 71.2 M | 161 | |
Provider of electric heat solution products to industries | 2001 | Saint Louis Park, Minnesota, United States | – | USD 3.89 B | 12,100 | |
Air filters and filtration products are manufactured by Rensa Filtration. | 1942 | Warrenville, United States | USD 11.49 M | – | – | |
Precision-engineered cooling and air handling products are provided. | 2013 | Redmond, Washington, United States | – | – | – | |
Trane is recognized for providing HVAC solutions globally. | 1885 | Swords, Fingal, Ireland | – | – | – | |
Heat exchangers for refrigeration and air conditioning are manufactured. | 1994 | Varese, Lombardy, Italy | USD 1.75 M | USD 709.45 M | 30 | |
Plastic piping products are manufactured for the construction industry. | 1980 | Doncaster, England, United Kingdom | – | – | – | |
Provider of aerospace thermal, APU, and landing gear systems MRO and OEM solutions | 1969 | Gedera, Central District, Israel | USD 29.65 M | USD 178.02 M | 634 |
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Frequently Asked Questions about Therma
Therma was founded in 1967 and raised its 1st funding round 49 years after it was founded.
Therma is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Therma is a funded company, having raised a total of $36.63M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.79M, raised on Dec 2016.
Therma has 1,118 employees.
Therma is engaged in delivering full-service mechanical, fabrication, and HVAC solutions across California. Services are provided to various industries including biotechnical, commercial, data centers, education, food processing, healthcare, industrial manufacturing, office buildings, and semiconductor plants. Comprehensive expertise is offered in HVAC maintenance, plumbing maintenance, building automation systems, energy services, and capital projects. Design, engineering, and estimating are also included in the portfolio of solutions for over 50 years.
Therma offers HVAC Maintenance, Plumbing Maintenance, and Building Automation Systems.
Therma has made 3 acquisitions, including Integrated Mechanical Systems, VarcoMac, and Yearout Mechanical.
Therma has 2 investors. Key investors include Blackstone, and Gemspring Capital.
Therma operates through Therma.
Yes. Therma was acquired by Blackstone in November 2020.