News: Press Release

Offit Kurman M&A Group Represents VarcoMac in Company Sale

For Immediate Release

September 9, 2019 | Anne Arundel County, MD

The attorneys of Offit Kurman’s mergers and acquisitions (M&A) team are pleased to share news of a recent transaction successfully closed for a client of the firm. The previous owners of VarcoMac Electrical Construction Company have sold their business to Therma Holdings LLC, a portfolio company of Gemspring Capital. Attorney Michael N. Mercurio represented the sellers throughout the transaction.

VarcoMac has developed a reputation as a top-tier electrical contractor in the Baltimore–Washington metropolitan area. Harnessing technical knowledge, in-house engineering talent, and a dedication to extraordinary customer service, VarcoMac provides sophisticated electrical systems for commercial, institutional, and government clients. The company also helps clients achieve LEED certification by properly installing elements in the Energy and Atmosphere credit category and making recommendations for substitutions that can earn more LEED points.

“VarcoMac’s strong base of service and maintenance—with a focus on complex systems in mission-critical environments—expands our service offerings, customer and geographic reach,” said Therma CEO Jeff Sprau in a statement. “VarcoMac’s high-quality workforce and experienced management team share our culture, values and commitment to delivering superior service and value to our customers.”

Shane Wilemon, President of VarcoMac added, “We look forward to joining the Therma family and building upon the work we’ve done over the past 37 years to serve our customers, propel our growth and provide new opportunities for our employees.”

Headquartered in San Jose, California, Therma is a mechanical and electrical services company that specializes in complex HVAC systems and high purity process piping and controls for mission-critical facilities. The company provides industry-leading solutions for engineering, building information modeling, energy modeling, fabrication, installation, and maintenance. Clients include organizations in the fields of technology, biopharmaceuticals, data centers and semiconductors, food and beverages, and other industries with complex systems needs.

Gemspring Capital is a Westport, Connecticut-based private equity firm with $355 million of equity capital under management. The firm focuses on investing in control and structured equity in lower middle-market companies throughout North America, working alongside management teams to drive revenue growth and create value.

To help buyers and sellers stay on top of news, trends, and opportunities in the current market, Mike Mercurio and Offit Kurman have launched M&A Pulse, an online M&A resource. Visitors can find up-to-the-minute information, legal perspectives on business deals, video interviews with CEOs, exclusive downloads, details about upcoming M&A events, and more. To check out the site and subscribe to the news feed, visit

To learn more about the current M&A market, discover recent deals closed for clients of the firm, and get in touch with an Offit Kurman M&A attorney, visit


Mike Mercurio | | 301-575-0332

Michael N. Mercurio is a leading attorney in the field of mergers and acquisitions (M&A). He serves as outside general counsel in buy-side and sell-side M&A, as well as in all business law and real estate law matters. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on the many challenges, issues, and opportunities companies face throughout the business lifecycle—from start-up to eventual exit.




Offit Kurman is one of the fastest-growing full-service law firms in the United States. With over 200 attorneys in 14 offices that stretch from New York to North Carolina, we represent privately-held companies and families of wealth throughout their business life cycles. Our mission is to provide our clients with “The Better Way” to grow their organizations, protect their businesses’ and families’ wealth, and resolve their most challenging legal conflicts. In addition to our quality of attorneys and breadth of legal services, Offit Kurman is distinguished by our unique operational structure, which encourages collaboration rather than internal competition. The same approach that makes our firm attractive to legal practitioners gives clients unlimited access to experienced counsel in every area of the law. Trust, Knowledge, Confidence—in a partner, that’s perfect.

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