NEW YORK and SAN JOSE, Calif. — Blackstone announced that private equity funds managed by Blackstone Energy Partners have entered into a definitive agreement to acquire Therma Holdings LLC, a portfolio company of Gemspring Capital.
“We are strong believers in the continued growth of technology, healthcare, and data center end-markets and look forward to partnering with the Therma and RE Tech teams on growing the business and solving the complex energy efficiency needs at mission-critical facilities across the U.S.,” said Bilal Khan, senior managing director at Blackstone.