M&A Deal Summary

Gemspring Capital Acquires Mantis Innovation

On December 16, 2021, private equity firm Gemspring Capital acquired renewable energy company Mantis Innovation from O2 Investment Partners

Acquisition Highlights
  • This is Gemspring Capital’s 1st transaction in the Renewable Energy sector.
  • This is Gemspring Capital’s 18th transaction in the United States.
  • This is Gemspring Capital’s 3rd transaction in Texas.

M&A Deal Summary

Date 2021-12-16
Target Mantis Innovation
Sector Renewable Energy
Buyer(s) Gemspring Capital
Sellers(s) O2 Investment Partners
Deal Type Secondary Buyout

Target

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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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 18 of 32
Sector (Renewable Energy) 1 of 1
Type (Secondary Buyout) 6 of 10
State (Texas) 3 of 3
Country (United States) 18 of 32
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 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, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 JTI

Shafter, California, United States

JTI designs, engineers, and installs complex electrical and mechanical systems that enable industrial facilities to streamline mission-critical process functions, minimize downtime, and increase operational efficiencies. JTI was founded in 1998 and is based in Shafter, California.

Buy -

Seller(S) 1

SELLER

O2 Investment Partners

Bloomfield Hills, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

O2 Investment Partners is a Midwest US-based private equity group that acquires majority interests in small and mid-sized businesses operating in traditional industries, including manufacturing, niche distribution, select service and technology businesses. Target companies typically have stable cash flows, sustainable and defensible business models, and growth potential. O2 Investment Partners was formed in the year 2010 and is based in Bloomfield Hills, Michigan.


DEAL STATS #
Overall 9 of 10
Sector (Renewable Energy) 1 of 1
Type (Secondary Buyout) 4 of 4
State (Texas) 2 of 2
Country (United States) 8 of 9
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Packaging Concepts & Design

Troy, Michigan, United States

Packaging Concepts & Design is a provider of design, and delivery of packaging solutions primarily to the automotive industry including OEMs and Tier One suppliers. Packaging Concepts & Design is based in Troy, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Alpha Precision Group

Ridgway, Pennsylvania, United States

Alpha Precision Group is a manufacturer of high-precision powder metal components for the automotive, small engine, recreation vehicle, lawn & garden, agricultural equipment and commercial vehicle industries. Alpha Precision Group was founded in 1967 and is based in Ridgway, Pennsylvania.

Sell -