O2 Investment Partners Announces Sale of Mantis Innovation Group Holding Company to Gemspring Capital | News

BLOOMFIELD HILLS, Michigan – (BUSINESS WIRE) – January 4, 2022–

O2 Investment Partners (“O2” or the “Company”) is pleased to announce the recent sale of its holding company, Mantis Innovation Group (“Mantis” or the “Company”) to Gemspring Capital (“Gemspring”).

Based in 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.

Since the initial O2 investment in May 2018, O2 and management have created significant value through organic and inorganic growth initiatives, with a consistent focus on the development and use of the best software solutions. Mantis has completed and integrated four complementary acquisitions, enhancing and diversifying the service offerings, customer base and geographic reach 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 corporate culture. We are grateful for having had the opportunity to partner with the Mantis team and believe they are in good hands with Gemspring to take the business to the next level, ”said Joe Vallée, a partner at O2 .

“O2 has been a great partner in helping Mantis reach the level we are today. From day one of our partnership, they believed in our strategic vision and our growth philosophy. In particular, Joe Vallée, an O2 partner, was unwavering in his quest to help Mantis succeed, ”said Dan Marzuola, CEO of Mantis. “We are also excited about our next chapter in partnership with Gemspring and believe their operational expertise, network of advisors and M&A support will help us strengthen our platform and drive transformational growth. “

Don Gerne, 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 positions the company very well to support these building owners as a go-to provider of managed facilities and energy services. We are delighted to partner with the Mantis team to capitalize on their success to date and accelerate the growth of the company.

Houlihan Lokey was the exclusive financial advisor to O2 and Mantis Innovation Group. Honigman provided legal advice to O2 Investment Partners, and Walker Eisenbraun, LLC provided legal advice to the management of Mantis Innovation Group.

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 in Houston, Texas, with 17 locations across the United States, from Massachusetts to Washington. For more information visit www.mantisinnovation.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.

About Gemspring Capital:

Gemspring Capital, a Westport, Connecticut-based private equity firm with $ 1.5 billion in 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 revenue and are in aerospace and defense, business services, consumer services, financial and insurance services, health services, industrial services, software and technological services, or specialized manufacturing sectors. For more information visit www.gemspring.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220104005117/en/

CONTACT: O2 Investment Partners

Joe valley

[email protected]



SOURCE: O2 Investment Partners

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PUB: 04/01/2022 6:00 a.m. / DISC: 04/01/2022 6:02 a.m.


Copyright Business Wire 2021.

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