What is Therma?
Therma Corporation, founded in 1967 and headquartered in San Jose, California, is a distinguished mechanical contracting firm. The company specializes in the intricate design and installation of piping systems, serving both commercial and industrial building projects. With decades of experience, Therma has built a reputation for expertise in complex infrastructure development, positioning itself as a key player in the construction and engineering sector.
How much funding has Therma raised?
Therma has raised a total of $445M across 1 funding round:
Debt
$445M
Debt (2020): $445M with participation from Blackstone, Jefferies, Societe Generale, BMO Capital Markets, and MUFG
Key Investors in Therma
Blackstone
Blackstone is a global investment firm focused on building and managing diversified asset portfolios across private equity, real estate, credit, and strategic alternatives, emphasizing disciplined investment strategies and operational expertise.
Jefferies
Jefferies Financial Group Inc. is an investment banking and capital markets firm providing a wide range of advisory, underwriting, and financing services for corporate clients.
Societe Generale
Société Générale S.A. is a French multinational financial services company offering retail banking, private banking, and insurance services.
What's next for Therma?
The substantial enterprise-level backing, including the recent major strategic investment, signals Therma's readiness for accelerated growth and potential market expansion. This capital infusion is likely to fuel advancements in their design and installation capabilities, potentially enabling the company to undertake larger-scale projects and explore new technological integrations within the mechanical contracting industry. The company's long history suggests a strategic approach to leveraging this financing for sustained development and operational enhancement.
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