Investment Summary

Gemspring Capital and Charter Growth Capital Fund Invest In Sparkstone Electrical Group

On January 23, 2023, private equity firm Gemspring Capital and growth capital firm Charter Growth Capital Fund invested in electrical equipment company Sparkstone Electrical Group

Investment Highlights
  • This is Gemspring Capital’s 2nd and Charter Growth Capital Fund’s 1st transaction in the Electrical Equipment sector.
  • This is Gemspring Capital’s 25th and Charter Growth Capital Fund’s 8th transaction in the United States.
  • This is Gemspring Capital’s 2nd and Charter Growth Capital Fund’s 1st transaction in Illinois.

Investment Summary

Date 2023-01-23
Target Sparkstone Electrical Group
Sector Electrical Equipment
Investor(s) Gemspring Capital
Charter Growth Capital Fund
Deal Type Growth Capital

Target

Sparkstone Electrical Group

Elmhurst, Illinois, United States
Sparkstone Electrical Group is a manufacturer of custom‐engineered electrical power distribution equipment, including switchgear, switchboards and panelboards. Sparkstone Electrical Group was founded in 1936 and is based in Elmhurst, Illinois.

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Investor(S) 2

Investor

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 25 of 32
Sector (Electrical Equipment) 2 of 2
Type (Growth Capital) 8 of 8
State (Illinois) 2 of 2
Country (United States) 25 of 32
Year (2023) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Amplix

Norwood, Massachusetts, United States

Amplix is a provider of technology advisory services and software to more than 2,000 customers across multiple industries, enabling data-driven enhancements to technology decision-making and optimization. The company's advisory services encompass data connectivity, cloud telephony, customer experience, security and managed services, business continuity, cloud optimization, and data center solutions. Amplix was founded in 2011 and is based in Norwood, Massachsetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 Bradford Soap International

West Warwick, Rhode Island, United States

Bradford Soap International is a manufacturer and developer of beauty and personal care products. Bradford Soap International was founded in 1876 and is based in West Warwick, Rhode Island.

Buy -
Investor
DESCRIPTION


DEAL STATS #
Overall 8 of 9
Sector (Electrical Equipment) 1 of 1
Type (Growth Capital) 5 of 6
State (Illinois) 1 of 1
Country (United States) 8 of 9
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-30 Superior Investigative Services

Milford, Michigan, United States

Superior Investigative Services is a provider of surveillance and investigative services focusing on injury-related claims, serving insurance companies, employers and attorneys. Superior Investigative Services was founded in 2001 and is based in Milford, Michigan.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-14 Malley’s Candies

Brook Park, Ohio, United States

Malley’s Candies is a manufacturer of chocolate and confectionary products. Malley’s Candies was founded in 1935 and is based in Brook Park, Ohio.

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