M&A Deal Summary

Gemspring Capital and Grand Valley Holdings Acquire OCI

On September 27, 2023, private equity firms Gemspring Capital and Grand Valley Holdings acquired manufacturer OCI

Acquisition Highlights
  • This is Gemspring Capital’s 2nd and Grand Valley Holdings’ 1st transaction in the Manufacturing sector.
  • This is Gemspring Capital’s 29th and Grand Valley Holdings’ 1st transaction in the United States.
  • This is Gemspring Capital’s 3rd and Grand Valley Holdings’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2023-09-27
Target OCI
Sector Manufacturing
Buyer(s) Gemspring Capital
Grand Valley Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

OCI

Brookville, Pennsylvania, United States
OCI manufactures a wide range of products for geotechnical service companies and foundational drilling contractors including micropile casing, drill string, hammers and bits, augurs, core barrels, swivels, and other customized products. OCI was founded in 1998 and is based in Brookville, Pennsylvania.

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Buyer(S) 2

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 29 of 32
Sector (Manufacturing) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 10 of 12
State (Pennsylvania) 3 of 3
Country (United States) 29 of 32
Year (2023) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-20 ClearCompany

Boston, Massachusetts, United States

ClearCompany is a talent management software solution that helps companies identify, hire and engage more A Players. ClearCompany’s software enables thousands of clients to consistently improve their talent lifecycle by implementing and automating a best-practices approach to total talent management. ClearCompany was founded in 2004 and is based in Boston, Massachusetts.

Buy -
FOLLOWING 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 -
Buyer

Grand Valley Holdings

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Grand Valley Holdings is a private equity firm focused on acquiring lower-middle market businesses in the Midwest US. The Firm seeks long-term partnerships with stable and profitable companies with $5 to $50 million in annual revenue. Grand Valley Holdings invests in a variety of industries including manufacturing, business services, distribution, logistics, consumer products, retail, and IT. Grand Valley Holdings is based in Cincinnati, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

Product

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