Thermal Concepts
Thermal Concepts is a PE-backed commercial and industrial HVAC services provider offering installation, maintenance, building automation, and retrofit solutions across Florida, Georgia, and the Mid-Atlantic to enterprise clients in healthcare, government, hospitality, and education.
- Company typePrivate
- Founded1983
- HeadquartersDavie, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Thermal Concepts does
Thermal Concepts Inc. is a commercial and industrial HVAC services provider founded in 1983 and headquartered in Davie, Florida, operating across the Southeastern United States and, more recently, the Mid-Atlantic. The company delivers end-to-end mechanical services, including installation and construction, replacement and retrofit, service and repairs, preventative maintenance, indoor air quality, controls and building automation, refrigeration, and custom sheet metal fabrication, for complex facilities such as airports, hospitals, high-rise buildings, and government installations. Its customer base spans hospitality, healthcare, education, government, pharmaceutical, retail, and entertainment verticals, with named logos including MacDill Air Force Base, FBI Miramar, Royal Caribbean, Ritz Carlton, and Brickell City Centre.
The technology stack centers on building automation systems (BAS) integrated with IoT sensors, AI-powered data analytics, and energy management platforms. Documented proprietary capabilities include an AI-enhanced estimating workflow that analyzes decades of historical bidding data, a Power BI consolidated data platform unifying ERP, CRM, and field service software, predictive maintenance analytics built on equipment performance data, and anomaly detection via BAS integrations. A language-learning model initiative is being developed to convert dense equipment manuals into interactive diagnostic tools for field technicians. The company is backed by private equity firms Trivest Partners and Halmos Capital Partners and has executed a roll-up strategy, acquiring Irvine Mechanical (Orlando, 2022), Roth Southeast (Fort Lauderdale), 5 Seasons Mechanical (Atlanta, 2024), and Hunter Mechanical (Virginia, 2026), while retaining local brands and leadership. Revenue grew from $50 million to $100 million over four years, supported by project-based installation revenue, professional services, and recurring preventative maintenance contracts.
Thermal Concepts firmographics
Firmographics- Name
- Thermal Concepts
- Legal name
- Thermal Concepts Inc.
- Website
- https://thermalconcepts.com
- Company type
- Private
- Founded year
- 1983
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Thermal Concepts is a PE-backed commercial and industrial HVAC services provider offering installation, maintenance, building automation, and retrofit solutions across Florida, Georgia, and the Mid-Atlantic to enterprise clients in healthcare, government, hospitality, and education.
- Ownership category
- akta.pro rank
Thermal Concepts industry classification
Industry- Product category
- Commercial HVAC Services
- NAICS
- Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)
- SIC
- Refrigeration & Service Industry Machinery (3580), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)
- akta.pro primary industry
- New Construction HVAC Rough-In & Final Set (Residential/Light Commercial) (HSAOAGAL)
- akta.pro secondary industries
- HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB), Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC)
Keywords
Where Thermal Concepts is headquartered
LocationHeadquarters
- HQ city
- Davie
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Thermal Concepts business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- HVAC Installation & Construction: Professional HVAC system installation for commercial and industrial facilities, including custom sheet metal fabrication and large-scale projects for airports, hospitals, high-rise buildings, and government facilities.
- Service & Repairs: Fast, expert repair services for HVAC systems, including emergency repairs and ongoing maintenance support.
- Preventative Maintenance Contracts: Routine maintenance programs with scheduled inspections, filter management, and performance tracking providing predictable recurring revenue.
- Controls & Building Automation: Smart automation systems for precise climate control and energy savings, including BAS integration and retrofit services.
- Replacements & Retrofit: Modern upgrades to enhance performance and energy efficiency of existing HVAC systems without full replacement.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise Custom Pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Thermal Concepts product offering
Product offeringCore offering
Thermal Concepts is a commercial and industrial HVAC services provider delivering end-to-end solutions including HVAC installation and construction, service and repairs, preventative maintenance contracts, replacements and retrofit, indoor air quality, refrigeration, custom sheet metal fabrication, and controls and building automation. Services are sold directly to enterprise facility owners and operators across Florida, Georgia, and the Mid-Atlantic region through direct sales and recurring maintenance agreements.
Product overview
Thermal Concepts is a commercial and industrial HVAC services provider offering a unified portfolio of integrated services. The core offerings include Installation & Construction, Replacement & Retrofit, Service & Repairs, Preventative Maintenance, Indoor Air Quality, and Controls & Building Automation (BAS). Supporting services include custom sheet metal fabrication and refrigeration. The company has grown through acquisitions to include three subsidiary brands: Roth Southeast (Fort Lauderdale), 5 Seasons Mechanical (Atlanta/Georgia), and Irvine Mechanical (Orlando). Services are delivered through a network of locations across Florida (Davie headquarters, Jacksonville, Tampa, Fort Lauderdale, Orlando) and Georgia (Peachtree Corners), with recent expansion into Virginia (Hunter Mechanical).
Differentiator
Problem solved
Functional benefit
Products and services
- Installation & Construction Professional HVAC system setup for peak efficiency and reliability, covering custom sheet metal fabrication to large-scale HVAC installations for complex commercial and industrial projects.
- Replacement & Retrofit
- Service & Repairs
- Preventative Maintenance
- Indoor Air Quality
- Controls & Building Automation
- Refrigeration
- Custom Sheet Metal Fabrication
- Thermal Concepts Talent Training and Retention Program Licensed apprenticeship program providing paid on-the-job training and clear career advancement pathways for HVAC technicians at Thermal Concepts' Davie, Florida training facility.
Quantifiable outcome
- 10% energy efficiency improvement via R-32 refrigerant chiller upgrade
- +3 more outcomes
Companies that use Thermal Concepts
Customer profileNamed customers12 records
Segments7 records
Ideal customer profiles2 records
Thermal Concepts technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature4 records
Thermal Concepts partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Hunter Mechanical LLCcoreVirginia-based commercial HVAC services provider. Acquired by Thermal Concepts marking first entry into Mid-Atlantic market after 40 years operating exclusively in Southeast. Founder Jeff Hunter will join Thermal Concepts.
- 5 Seasons Mechanical LLCcoreGeorgia-based HVAC service company providing commercial HVAC services in Atlanta. Acquired by Thermal Concepts marking first expansion into Georgia. Deal motivated by shared commitment to quality and service. Founder continues involvement.
- Irvine MechanicalcoreOrlando-based HVAC company acquired by Thermal Concepts in August 2022. Serves as part of family of companies expanding Thermal Concepts' Florida footprint.
- Roth SoutheastcoreFort Lauderdale-based HVAC company rebranded as part of Thermal Concepts family of companies. Expands service capabilities and geographic coverage in South Florida.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
Thermal Concepts competitors and assessment
Company assessmentBroad incumbents
- APi Group: Public safety, specialty, and industrial services platform (NYSE: APG) with a sizable HVAC and mechanical services segment. Comparable in scale ambition and end-market diversification.
- EMCOR Group: Large publicly traded facility services and mechanical contractor (NYSE: EME). Overlaps significantly with Thermal Concepts' HVAC and controls portfolio but operates at national scale across multiple service lines.
- BGIS: Global facility management and building services firm with significant HVAC service delivery. Comparable in integrated facility services and recurring maintenance contract model.
- ABM Industries: Public facility services provider (NYSE: ABM) with HVAC, mechanical, and building automation offerings. Comparable in serving enterprise clients with integrated maintenance and energy solutions.
Direct peers
- The Brandt Companies: Privately held commercial HVAC, plumbing, and controls contractor serving similar commercial and industrial end markets. Comparable service portfolio and project mix.
- Service Logic: PE-backed HVAC and mechanical services roll-up executing a near-identical acquisition strategy across the U.S. Directly comparable on customer mix (commercial/industrial), service portfolio, and growth playbook.
- Comfort Systems USA: Public mechanical and HVAC services contractor (NYSE: FIX) serving commercial and industrial customers nationally. Closest public-market comparable for revenue mix, project types, and customer segments.
- Limbach Holdings: Public specialty mechanical services firm (NASDAQ: LMB) focused on HVAC, plumbing, and building controls. Directly comparable in commercial/industrial mechanical services and BAS offerings.
- Reedy Industries: PE-backed HVAC and building services consolidator pursuing an add-on strategy analogous to Thermal Concepts. Directly comparable growth model and target customer profile.
Regional players
- Insight Mechanical: Privately held commercial HVAC and mechanical services provider focused on the Southeast U.S. Comparable regional footprint, customer verticals, and service offerings.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Thermal Concepts social profiles
Digital presenceThermal Concepts financial estimates
Financial estimateRevenue estimate
Valuation estimate
Thermal Concepts leadership team
Management profileNumber of profiles
Profiles5 records
Thermal Concepts subsidiaries and ownership
Company hierarchySubsidiaries4 records
Thermal Concepts funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Thermal Concepts M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Thermal Concepts
What does Thermal Concepts do?
Thermal Concepts is a commercial and industrial HVAC services provider delivering end-to-end solutions including HVAC installation and construction, service and repairs, preventative maintenance contracts, replacements and retrofit, indoor air quality, refrigeration, custom sheet metal fabrication, and controls and building automation. Services are sold directly to enterprise facility owners and operators across Florida, Georgia, and the Mid-Atlantic region through direct sales and recurring maintenance agreements.
Is Thermal Concepts a public or private company?
Thermal Concepts is a private company. It is classified as private equity controlled and is currently operating.
When was Thermal Concepts founded?
Thermal Concepts was founded in 1983. It employs 101 to 250 people.
Where is Thermal Concepts based?
Thermal Concepts is headquartered in Davie, United States, in the North America region.
How does Thermal Concepts make money?
Five revenue lines are on record. HVAC Installation & Construction is the primary driver. The others are service & Repairs, preventative Maintenance Contracts, controls & Building Automation and replacements & Retrofit.
Who are Thermal Concepts's main competitors?
Broad incumbents on record are APi Group, EMCOR Group, BGIS and ABM Industries. Direct peers are The Brandt Companies, Service Logic, Comfort Systems USA, Limbach Holdings and Reedy Industries. Insight Mechanical is listed as a regional player.
Does Thermal Concepts have an API?
No public API is recorded for Thermal Concepts.
What industry is Thermal Concepts in?
Thermal Concepts's product category is Commercial HVAC Services. Its primary akta.pro industry code is HSAOAGAL, New Construction HVAC Rough-In & Final Set (Residential/Light Commercial), with a secondary code of IMAHAKAB, HVAC Equipment (Heating, Cooling & Air Handling). Its NAICS code is 333415 and its SIC code is 3580.