FMI Advises CMTA, Inc. in Sale to Therma, a Blackstone Portfolio Company
CMTA Helps Therma Expand Energy Efficiency and Sustainability Offerings
FMI Capital Advisors is pleased to announce the sale of CMTA, Inc. (“CMTA”) to Therma Holdings LLC (“Therma”), a portfolio company of Blackstone. CMTA is a national engineering design firm focused on energy-efficient buildings and delivering energy savings performance contracts for hospitals, universities, K-12 schools, federal facilities, and municipalities. FMI Capital Advisors served as the exclusive financial advisor to CMTA for this transaction, which closed on August 13, 2021.
This acquisition helps position Therma as the leading end-to-end provider of energy and sustainability solutions and services for high-performance buildings. The company offers comprehensive services and solutions to address the entire lifecycle of a building. These energy-focused services include planning and design, installation and implementation, operations and maintenance, and refurbishment and renovation.
Jimmy Benson, CEO of CMTA, stated, "FMI’s deep knowledge of the energy solutions market and their skillful guidance were critical to the success of this transaction.”
About CMTA
CMTA specializes in creating and maintaining high-performing facilities and energy systems by providing energy solutions, energy consulting and engineering, and performance contracting services. CMTA is recognized as a leader in sustainable facility design and energy efficiency retrofits, often providing performance contracting and consulting engineering services together as part of larger multi-disciplinary comprehensive solutions. For more information, visit www.cmta.com.
About Therma Holdings LLC
Therma Holdings, a Blackstone portfolio company, is a leading specialty mechanical, electrical, plumbing, and controls services company focused on designing, building, and servicing complex systems in mission-critical facilities and other high-performance buildings. Therma Holdings’ professionals and engineers deliver services that are core to improving and maintaining energy efficiency for leading companies across the technology, life sciences, healthcare, and data center sectors. For more information, visit www.thermaholdings.com.
About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships.
For more information, visit FMI Capital Advisors.
FMI Capital Advisors Contacts:
Tim Huckaby
President, FMI Capital Advisors
[email protected]
303.398.7265
Andrew Henderson
Vice President, FMI Capital Advisors
[email protected]
303.398.7230
Russell Clarke
Vice President, FMI Capital Advisors
[email protected]
303.398.7213