Truelink Capital agrees to acquire JT Thorpe Group, an industrial maintenance provider
Truelink Capital has signed a definitive agreement to acquire JT Thorpe Group, a Salt Lake City provider of thermal management and industrial maintenance services.
Los Angeles-based Truelink Capital said it has signed a definitive agreement to acquire JT Thorpe Group, a provider of refractory, fireproofing, insulation and asset integrity services across North America. The transaction is expected to close by the end of the third quarter, subject to customary closing conditions. Financial terms were not disclosed.
JT Thorpe's management team, led by CEO Kevin Howard, will continue to run the business and retain a significant ownership stake. The company, founded in 1906, operates more than 30 locations and serves power generation, semiconductor, LNG, mining, steel and cement customers. Truelink said the deal marks the third platform investment for its Fund II.
Goldman Sachs and Harris Williams served as financial advisors to JT Thorpe in connection with the transaction.
Deal facts
- Target
- JT Thorpe Group
- Business
- Provider of outsourced industrial maintenance, thermal management and asset integrity services in North America
- Buyer
- Truelink Capital
- Sponsor
- Truelink Capital
- Deal type
- Platform
- Headquarters
- Salt Lake City, Utah
- Status
- Announced, not yet closed
- Announced
- Thursday, July 30, 2026
Sources
- PR NewswireJul 30, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.