Gemspring Capital Completes Acquisition of Therma Corporation

WESTPORT, Conn.--(BUSINESS WIRE)--Gemspring Capital, a private equity firm specializing in lower middle market companies, is pleased to announce an affiliate has acquired the assets of Therma Corporation, a leading full-service design-build specialty mechanical contractor that focuses on complex HVAC, high purity process piping and process controls for cleanrooms, laboratories and high-tech manufacturing facilities.

Gemspring Capital Invests in United Group Programs

WESTPORT, Conn.--(BUSINESS WIRE)--Gemspring Capital, LLC (“Gemspring”), a Westport, Connecticut-based private equity firm specializing in lower middle market companies, announced today that an affiliate has made a strategic investment in United Group Programs, Inc. (“UGP” or “the Company”), a leading designer, marketer and administrator of healthcare benefit products and services. Financial details of the investment were not disclosed.