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. The company has 1,118 employees as of December 31, 2021. 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 1118 as on 31 Dec, 2021
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Therma
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Blackstone
& 1 more
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Employee Count
1118
as on Dec 31, 2021
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Investments & Acquisitions
Integrated Mechanical Systems
& 2 more
- Acquired by
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Products & Services of Therma
Therma offers a comprehensive portfolio of products and services, including HVAC Maintenance, Plumbing Maintenance, and Building Automation Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
HVAC systems are maintained for optimal building performance.
Plumbing systems are serviced for reliable operational efficiency.
Automation systems are implemented for enhanced energy management.
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Funding Insights of Therma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Therma
Therma has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Blackstone and Gemspring Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Flexible capital solutions are provided to middle-market companies by Gemspring Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mechanical contracting for HVAC, piping, and process control is provided.
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2002 | ||||
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Repair services for HVAC products are provided nationwide.
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1978 | ||||
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Architectural, structural, and electrical design services are provided.
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1963 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Therma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Therma Comparisons
Competitors of Therma
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Therma
When was Therma founded?
Therma was founded in 1967.
Where is Therma located?
Therma is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
How many employees does Therma have?
As of Dec 31, 2021, the latest employee count at Therma is 1,118.
What does Therma do?
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.
What products or services does Therma offer?
Therma offers HVAC Maintenance, Plumbing Maintenance, and Building Automation Systems.
How many acquisitions has Therma made?
Therma has made 3 acquisitions, including Integrated Mechanical Systems, VarcoMac, and Yearout Mechanical.
Who are Therma's investors?
Therma has 2 investors. Key investors include Blackstone, and Gemspring Capital.