M&A Deal Summary

Gemspring Capital Acquires OPEXUS

On November 8, 2021, private equity firm Gemspring Capital acquired software company OPEXUS

Acquisition Highlights
  • This is Gemspring Capital’s 4th transaction in the Software sector.
  • This is Gemspring Capital’s 16th transaction in the United States.
  • This is Gemspring Capital’s 1st transaction in District of Columbia.
Investment Fate
  • OPEXUS was sold to a consortium of financial buyers in 2025.

M&A Deal Summary

Date 2021-11-08
Target OPEXUS
Sector Software
Buyer(s) Gemspring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

OPEXUS

Washington, District of Columbia, United States
OPEXUS is a provider of case management software and IT services, primarily for government customers. OPEXUS was founded in 1988 and is based in Washington DC.

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Buyer(S) 1

Buyer

Gemspring Capital


Category Private Equity Firm
Founded 2015
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 16 of 39
Sector: Software M&A 4 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 13
State: District of Columbia M&A 1 of 2
Country: United States M&A 16 of 38
Year: 2021 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Zavation

Flowood, Mississippi, United States

Zavation is a designer and manufacturer of spinal implants, instruments, and biologics. Zavation designs, engineers, and manufactures a portfolio of spinal hardware covering key areas including thoracolumbar, cervical, interbody fusion, and minimally invasive surgery. Zavation was founded in 2012 and is based in Flowood, Mississippi.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Mantis Innovation

Houston, Texas, United States

Mantis Innovation offers a full suite of services, including energy procurement and demand management; solar, roofing, building envelope, and pavement, design, assessment, and maintenance; and LED lighting, HVAC/mechanical, and building automation systems implementation. Mantis Innovation is based in Houston, Texas.

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