WESTPORT, Conn., Dec. 16, 2021 /PRNewswire/ — Gemspring Capital, a middle-market non-public fairness agency, is happy to announce that an affiliate has acquired a majority curiosity in Mantis Innovation Group, LLC (“Mantis”), a supplier of tech-enabled facility companies, primarily for industrial, industrial, and authorities clients.
Headquartered in Houston, Texas, Mantis supplies options to ship higher constructing efficiency and improved vitality effectivity for its clients. The corporate depends on proprietary software program instruments to supply a full suite of companies, together with: vitality procurement and demand administration; photo voltaic, roofing, constructing envelope and pavement evaluation and upkeep; and LED lighting, HVAC/mechanical and constructing automation techniques design and implementation.
Led by CEO Dan Marzuola, Mantis’ success has been guided by its tangible worth proposition to its clients by driving working price financial savings, offering complete facility upkeep options, and serving to clients meet their sustainability objectives and company ESG initiatives. Dan commented, “We’re excited to associate with Gemspring and consider that its operational experience, community of advisors, and M&A assist will assist us strengthen our platform and maintain our progress trajectory. We stay up for persevering with to broaden our service choices and buyer base by re-investing in our go-to-market and buyer assist organizations, in addition to the Mantis Carry out expertise platform.”
Don Gerne, Managing Director at Gemspring, added, “We see constructing homeowners searching for to shift from reactive to preventative and predictive asset administration, in addition to a robust need to scale back vitality consumption. Mantis’ broad suite of value-added companies and tech-enabled options place the Firm very nicely to assist these constructing homeowners because the go-to supplier of managed facility and vitality companies. We’re delighted to associate with the Mantis crew to construct on their successes thus far and speed up the Firm’s progress.”
“We’re extremely proud and grateful for all the Mantis crew’s laborious work, dedication, and innovation made since 2018. Collectively, we created an trade chief with a really differentiated service providing, supported by the corporate’s collaborative mentality and robust tradition. We’re grateful to have had the chance to associate with the Mantis crew and consider they’re in good arms with Gemspring to take the enterprise to the following degree,” added Joe Vallee, Companion at O2 Funding Companions.
Mantis Innovation is a tech-enabled service supplier that works with clients to ship higher constructing efficiency and improved vitality effectivity. The corporate provides a full suite of companies, together with: vitality procurement and demand administration; photo voltaic, roofing, constructing envelope, and pavement, design, evaluation and upkeep; and LED lighting, HVAC/mechanical and constructing automation techniques implementation. Mantis is headquartered in Houston, Texas, with 17 areas throughout the US from Massachusetts to Washington. For extra info, go to www.mantisinnovation.com.
About Gemspring Capital
Gemspring Capital, a Westport, Connecticut-based non-public fairness agency with $1.5 billion of capital underneath administration, supplies versatile capital options to decrease center market firms. Gemspring companions with proficient administration groups and takes a partnership method to serving to drive income progress and worth creation. Goal firms have as much as $500 million in income and are within the aerospace & protection, enterprise companies, shopper companies, monetary and insurance coverage companies, healthcare companies, industrial companies, software program and tech-enabled companies, or specialty manufacturing sectors. For extra info, go to www.gemspring.com.
About O2 Funding Companions
O2 Funding Companions is a Midwestern primarily based non-public fairness agency that seeks to amass majority pursuits in decrease center market B2B companies, expertise, and choose industrial firms. The agency invests in companies with earnings progress potential and a transparent path to the creation of shareholder worth. O2 invests with a view towards partnering with administration to construct and develop the enterprise and take it to its subsequent stage of growth. This requires not solely a transparent imaginative and prescient and strategic plan to create shareholder worth, however an in depth partnership and alignment of curiosity with administration. For extra info, go to www.o2investment.com
SOURCE Gemspring Capital