M&A Deal Summary

Greenbriar Equity Group Acquires Sparkstone Electrical Group

On November 5, 2024, private equity firm Greenbriar Equity Group acquired electrical equipment company Sparkstone Electrical Group from Gemspring Capital and Charter Growth Capital Fund

Acquisition Highlights
  • This is Greenbriar Equity Group’s 1st transaction in the Electrical Equipment sector.
  • This is Greenbriar Equity Group’s 41st transaction in the United States.
  • This is Greenbriar Equity Group’s 3rd transaction in Illinois.

M&A Deal Summary

Date 2024-11-05
Target Sparkstone Electrical Group
Sector Electrical Equipment
Buyer(s) Greenbriar Equity Group
Sellers(s) Gemspring Capital
Charter Growth Capital Fund
Deal Type Secondary Buyout

Target

Sparkstone Electrical Group

Addison, 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 Addison, Illinois.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Greenbriar Equity Group

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 46 of 47
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 21 of 22
State: Illinois M&A 3 of 4
Country: United States M&A 41 of 42
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-08 STS Aviation Group

Jensen Beach, Florida, United States

STS Aviation Group is a provider of aftermarket, distribution, and maintenance services primarily in the aviation industry, delivering nose-to-tail solutions for customers across airlines, MROs, and OEMs. STS’s solutions include component sales and distribution, engineering, maintenance, aircraft repair and modification, and workforce management services. STS Aviation Group was founded in 1985 and is headquartered in Jensen Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-03 Arotech

Ann Arbor, Michigan, United States

Arotech is an engineering solutions company that offers training & simulation and power systems solutions to military, law enforcement and homeland security markets. The Power Systems Division develops special-purpose batteries, smart chargers and electronic components through operations in South Carolina and Israel. The Training & Simulation Division develops, manufactures and markets advanced multi-media and interactive digital solutions for engineering, use-of-force and operator training simulations. Arotech was founded in 1990 and is based in Ann Arbor, Michigan.

Sell -

Seller(S) 2

SELLER

Gemspring Capital


Category Private Equity Firm
Founded 2015
PE ASSETS 3.8B 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 8 of 9
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 7
State: Illinois M&A 2 of 2
Country: United States M&A 8 of 9
Year: 2024 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-23 Bobit

Torrance, California, United States

Bobit is a business-to-business media and events provider for the vehicle fleet, auto dealer, automotive aftermarket, law enforcement, and professional salon/beauty industries. Bobit was founded in 1961 and is based in Torrance, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-16 Telna

Toronto, Ontario, Canada

Telna is a provider of eSIM connectivity solutions for roaming and IoT, enabling mobile devices to switch carrier networks without the need for physical SIM cards. Telna is based in Toronto, Ontario.

Buy -
SELLER
DESCRIPTION

Charter Growth Capital Fund is a private investment fund focused on providing junior capital (debt and equity) to lower mid-market companies in the Great Lakes region of North America. The Firm typically deploys $1 to $8 million per investment to support growth initiatives, succession transitions, or recapitalizations in sectors such as business services, distribution, healthcare, industrial services, and manufacturing. Charter Growth Capital Fund was formed in 2019 and is based in Grand Rapids, Michigan.


DEAL STATS #
Overall 2 of 2
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-19 Lambert

Grand Rapids, Michigan, United States

Lambert is an investor relations firm and a private equity communications agency. Their expertise in various industries includes manufacturing, technology, automotive, consumer, business services, and healthcare. Lambert was formed in 1998 and is based in Grand Rapids, Michigan.

Sell -