M&A Deal Summary

Gemspring Capital Acquires Wireless Vision

On January 6, 2021, private equity firm Gemspring Capital acquired retailer Wireless Vision from Gauge Capital

Acquisition Highlights
  • This is Gemspring Capital’s 1st transaction in the Retail sector.
  • This is Gemspring Capital’s 14th transaction in the United States.
  • This is Gemspring Capital’s 1st transaction in Michigan.

M&A Deal Summary

Date 2021-01-06
Target Wireless Vision
Sector Retail
Buyer(s) Gemspring Capital
Sellers(s) Gauge Capital
Deal Type Recapitalization

Target

Wireless Vision

Bloomfield Hills, Michigan, United States
Wireless Vision is the largest T-Mobile exclusive retailer in the country operating more than 600 T-Mobile-branded retail stores in 27 states. The company is dedicated to providing the finest quality products and the highest level of service to its customers. Wireless Vision was founded in 2004 and is based in Bloomfield Hills, Michigan.

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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 14 of 32
Sector (Retail) 1 of 1
Type (Recapitalization) 1 of 1
State (Michigan) 1 of 1
Country (United States) 14 of 32
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Sigga Technologies

Houston, Texas, United States

Sigga Technologies provides a comprehensive suite of EAM solutions that fully integrate with SAP and enable asset-intensive businesses to more efficiently manage their maintenance and repair operations. Sigga Technologies was founded in 2001 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Bridgeway

Moon Township, Pennsylvania, United States

Bridgeway is an asset-light transportation and logistics company that transports or arranges transport of heavy and over-dimensional freight for large and high-growth end markets serving the energy, infrastructure, and industrial sectors. Bridgeway was founded in 1988 and is based in Moon Township, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Gauge Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gauge Capital is a lower middle-market private equity firm focused on acquiring companies throughout the US and Canada. Gauge seeks businesses operating in the business services, healthcare services, consumer products, and food sectors. The Firm targets companies with $5 to $40 million of EBITDA. Prospective transaction situations include management buyouts, recapitalizations, divestitures, take privates, consolidations, and growth capital financings. Gauge Capital was formed in 2013 and is headquartered in Southlake, Texas.


DEAL STATS #
Overall 4 of 10
Sector (Retail) 1 of 1
Type (Recapitalization) 1 of 1
State (Michigan) 1 of 1
Country (United States) 4 of 10
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Clinical Care

Miami Beach, Florida, United States

Clinical Care is a provider of risk primary care through seven medical clinics located in Florida. MMG focuses on delivering quality care to thousands of patients through full-risk contracts with Medicare Advantage health plans while also serving Medicaid and commercial populations. Clinical Care was founded in 1997 and is based in Miami Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 SEI Group

Huntsville, Alabama, United States

SEI Group is a major installer of fiberglass insulation, spray foam, cellulose, standing seam metal, gutters, fireplaces, garage doors, door hardware, CBUs, and mailboxes for single and multi-family homes, primarily in the Atlanta metropolitan area. SEI Group was founded in 1996 and is based in Huntsville, Alabama.

Sell -