Kirkland counseled Therma Holdings (“Therma”), a Blackstone portfolio company, on two acquisitions in furtherance of Blackstone’s support for the transition to cleaner, affordable energy and that assist Blackstone in achieving its goal of 15% carbon emissions reduction for new investments. Kirkland first advised Therma on its pending acquisition of CMTA, 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. Kirkland separately advised Therma on its pending acquisition of Building Systems Holdings, a Midwest-based design engineering and construction management firm that works primarily within healthcare and K-12 schools to plan, design, and manage construction for facility upgrades and new buildings. These acquisitions position the combined company as the leading end-to-end provider of energy and sustainability solutions and services for high-performance buildings. The transactions are expected to close in the third quarter of 2021, subject to customary closing conditions and regulatory review. Kirkland’s representation of Therma follows its representation of Blackstone Energy Partners in its initial acquisition of Therma in the fourth quarter of 2020. The transaction was announced on July 16, 2021.
The Kirkland team was led by transactional partners Kyle Watson and Rhett Van Syoc and associates Zach Savrick, Fernanda Langa, Monica Dion, Michael Bassi and Abbey Zuech; and tax partner Mark Dundon and associate Joe Tobias.