Gemspring Capital acquires Mantis Innovation Group

WESTPORT, Connecticut., December 16, 2021 / PRNewswire / – Gemspring Capital, a mid-market private equity firm, is pleased to announce that a subsidiary has acquired a controlling interest in Mantis Innovation Group, LLC (“Mantis”), a provider of services ‘technological facilities, primarily for commercial, industrial and government customers.

Based at Houston, texas, Mantis provides solutions to deliver better building performance and improved energy efficiency to its customers. The company relies on proprietary software tools to deliver a full range of services, including: energy supply and demand management; assessment and maintenance of solar energy, roof, building envelope and pavement; and design and implementation of LED lighting, HVAC / mechanical and building automation systems.

Led by CEO Dan Marzuola, Mantis’ success has been guided by its tangible value proposition to its customers by realizing savings in operating costs, providing complete facility maintenance solutions and helping customers achieve their sustainability goals and their corporate ESG initiatives. Dan commented: “We are delighted to partner with Gemspring and believe that its operational expertise, network of M&A advisers and support will help us strengthen our platform and maintain our growth trajectory. We look forward to continuing to expand our service offerings and our customer base. by reinvesting in our go-to-market and customer support organizations, as well as in the Mantis Perform technology platform. “

Don Gerné, Managing Director of Gemspring, added: “We are seeing building owners looking to move from reactive asset management to preventive and predictive management, along with a strong desire to reduce energy consumption. Mantis’ wide range of value-added services and technology solutions position the Company very well to support these building owners as a leading provider of managed facilities and energy services. We are delighted to partner with the Mantis team to build on their successes to date and accelerate the growth of the Company. ”

“We are incredibly proud and grateful for the hard work, dedication and innovation of the Mantis team since 2018. Together, we have created an industry leader with a truly differentiated service offering, supported by the collaborative mindset. and the strong culture of the company. We are grateful for having had the opportunity to partner with the Mantis team and I think they are in good hands with Gemspring to take the business to the next level, ”added Joe valley, Partner at O2 Investment Partners.

About Mantis
Mantis Innovation is a technology services provider that works with customers to deliver better building performance and improved energy efficiency. The company offers a full range of services, including: energy supply and demand management; solar, roofing, building envelope and pavement, design, evaluation and maintenance; and implementation of LED lighting, HVAC / mechanical and building automation systems. Mantis is headquartered at Houston, texas, with 17 locations across United States from Massachusetts in Washington. For more information visit www.mantisinnovation.com.

About Gemspring Capital
Gemspring Capital, a Westport, Connecticutprivate equity firm based in $ 1.5 billion of capital under management, provides flexible capital solutions to lower middle market companies. Gemspring partners with talented leadership teams and takes a partnership approach to help drive revenue growth and value creation. Target companies have up to $ 500 million in the aerospace and defense sectors, business services, consumer services, financial and insurance services, health services, industrial services, software and technological services or in the specialized manufacturing. For more information visit www.gemspring.com.

About O2 Investment Partners
O2 Investment Partners is a Midwest-based private equity firm looking to acquire controlling stakes in lower middle market B2B services, technology, and certain industrial companies. The company invests in companies with the potential for profit growth and a clear path to creating shareholder value. O2 invests in partnering with management to develop and develop the company and take it to its next stage of development. This requires not only a clear vision and a strategic plan to create shareholder value, but also a close partnership and alignment of interests with management. For more information visit www.o2investment.com

Contact:
Don Gerné
[email protected]

SOURCE Gemspring Capital

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