Truelink Capital Completes Acquisition of JT Thorpe Group, a Leading Provider of Mission-Critical Specialty Industrial Maintenance and Thermal Management Services
Truelink Capital Completes Acquisition of JT Thorpe Group, a Leading Provider of Mission-Critical Specialty Industrial Maintenance and Thermal Management Services
PR Newswire
LOS ANGELES and SALT LAKE CITY, Sept. 3, 2026
LOS ANGELES and SALT LAKE CITY, Sept. 3, 2026 /PRNewswire/ -- Truelink Capital ("Truelink"), a Los Angeles-based private equity firm focused on growth and long-term value creation, announced today that it has completed its acquisition of JT Thorpe Group, Inc. ("JT Thorpe" or the "Company"), a leading provider of mission-critical specialty industrial maintenance and thermal management services supporting infrastructure and industrial end markets across North America. JT Thorpe's management team, led by CEO Kevin Howard, will continue to lead the business and will retain a significant ownership stake in the Company. Financial terms of the transaction were not disclosed.
Founded in 1906 and headquartered in Salt Lake City, Utah, JT Thorpe provides a comprehensive suite of thermal management services, including refractory, fireproofing, and insulation, as well as asset integrity services, such as access and mechanical, supporting the maintenance and operation of complex industrial facilities. With a network of more than 30 locations and a team of skilled craft professionals across North America, JT Thorpe serves a long-tenured, blue-chip customer base across the power generation, semiconductor, LNG, mining, steel, cement, and broader infrastructure and industrial end markets. The Company's 120-year reputation for safety and technical excellence has made it a trusted partner on some of the most demanding maintenance and capital projects across the industries it serves.
"We see a long runway for JT Thorpe, both organically and through strategic M&A," said Luke Myers, Co-Founder and Managing Partner at Truelink Capital. "Kevin Howard and his team have built a business that is incredibly durable and hard to replicate, and we're excited to officially kick off our partnership with them and together drive the next phase of growth."
"I'm proud of what our team has built, and I'm excited about where we're headed with Truelink's support," said Kevin Howard, Chief Executive Officer of JT Thorpe Group. "Truelink shares our commitment to sustained growth, safety, and operational excellence, and I'm looking forward to what we can build together."
This transaction reflects Truelink's continued focus on partnering with industry-leading companies in the industrials and business services sectors, and marks the third platform investment for Truelink Capital's Fund II.
Goldman Sachs and Harris Williams served as financial advisors to JT Thorpe in connection with the transaction.
ABOUT TRUELINK CAPITAL
Truelink Capital is a private equity firm based in Los Angeles with over $4 billion of assets under management. Truelink pairs deep industry experience in the industrials and business services sectors with a commitment to building partnerships that drive long-term value through an operationally focused strategy. Truelink partners with management, corporate sellers, and founders to accelerate growth through the execution of strategic initiatives and transformative add-on acquisitions. Learn more at: www.truelinkcap.com.
ABOUT JT THORPE GROUP
JT Thorpe Group, Inc. is a leading provider of outsourced industrial maintenance services, including refractory, fireproofing, insulation, coatings, access, and mechanical services. Founded in 1906 and headquartered in Salt Lake City, Utah, the Company serves customers across the power generation, semiconductor, LNG, mining, steel, cement, and broader infrastructure and industrial markets throughout North America. JT Thorpe is the parent company to JT Thorpe & Son, Inc., JT Thorpe Industrial, Inc., K&G Industrial Services, Brahma Group, Inc., and Jayne Industries. Learn more at: www.jtthorpegroup.com.
MEDIA CONTACTS
Peter Lewis
Head of Business Development
plewis@truelinkcap.com
Truelink Capital
SOURCE Truelink Capital
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