M&A Deal Summary

Gemspring Capital Acquires InflowCX

On October 23, 2023, private equity firm Gemspring Capital acquired business services company InflowCX from Renovus Capital

Acquisition Highlights
  • This is Gemspring Capital’s 3rd transaction in the Business Services sector.
  • This is Gemspring Capital’s 31st transaction in the United States.
  • This is Gemspring Capital’s 1st transaction in Oregon.

M&A Deal Summary
Date 2023-10-23
Target InflowCX
Sector Business Services
Buyer(s) Gemspring Capital
Sellers(s) Renovus Capital
Deal Type Secondary Buyout
Advisor(s) Lazard Ltd. (Financial)

Target

InflowCX

Beaverton, Oregon, United States
InflowCX is an innovative provider of strategic advisory, consulting, and managed services for contact centers, customer experience, and unified communications solutions to over 1,000 customers nationwide. The company has grown to be a trusted advisor in its market through the high caliber of its work, problem-solving approach, and focus on client satisfaction. InflowCX was founded in 1997 and is based in Beaverton, Oregon.

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Buyer(S) 1

Buyer

Gemspring Capital

Category Private Equity Firm
Founded 2015
PE ASSETS 1.1B 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 31 of 32
Sector (Business Services) 3 of 3
Type (Secondary Buyout) 10 of 10
State (Oregon) 1 of 1
Country (United States) 31 of 32
Year (2023) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 AMPAM Parks Mechanical

Carson, California, United States

AMPAM is a provider of design-build plumbing solutions serving the multifamily end market. The company’s offerings include design-build, pre-fabrication, installation, and post-installation services. AMPAM has delivered operational excellence to its customers for over 20 years and is considered the premier plumbing provider amongst multifamily general contractors and developers. AMPAM Parks Mechanical was founded in 1997 and is based in Carson, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-15 Fenceworks

Riverside, California, United States

Fenceworks is a fencing installer and distributor serving homebuilders as well as general contractors and local fencing providers. Fenceworks was founded in 1984 and is based in Riverside, California.

Buy -

Seller(S) 1

SELLER

Renovus Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Renovus Capital is a private equity firm focused on investing in small to mid-sized education companies. Specific areas of interest include for-profit colleges and schools, training companies, content providers, and technology and services businesses to education providers. Renovus looks for companies with 'strong growth prospects', proven business models and EBITDA of at least $3 million. Renovus Capital was formed in 2010 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 14 of 15
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 6 of 6
State (Oregon) 1 of 1
Country (United States) 13 of 14
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Meridian Programs

New Brighton, Minnesota, United States

Meridian Programs is a provider of addiction treatment services at residential and outpatient facilities. Meridian Programs is based in New Brighton, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Behavioral Framework

Rockville, Maryland, United States

Behavioral Framework is a provider of autism diagnostic services and ABA therapy in Maryland, Virginia, and Washington DC. The company provides clinically exceptional care and measurable client outcomes for thousands of children diagnosed with autism and their families. It provides a diverse community with consistent, quality care based on decades of research and best practices. Behavioral Framework was founded in 2017 and is based in Rockville, Maryland.

Buy -
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