Committed to partnership,
growth and lasting impact.

ABOUT

Flexible capital solutions for lower middle market companies

We provide flexible capital solutions and partner with talented management teams to help companies achieve their full potential.

We take a hands-on approach to help drive growth, market leadership, operational excellence, and strategic value for our partner companies.

0.5 Billion
Under Management
0
Completed Acquisitions
0
Team Members
0
U.S. Offices

INVESTMENT CRITERIA

Our investment criteria: strong competitive position, significant growth potential, complexity welcomed

Gemspring provides flexible capital solutions to lower middle market companies headquartered primarily in the United States and Canada. We partner with industry leaders with growth potential that will benefit from our support and expertise. We do not shy away from complicated situations and have the ability to provide tailored capital solutions and support to drive growth and profit improvement.

Transaction Types

  • Corporate Carve-outs / Divestitures
  • Growth Equity
  • Leveraged Buyouts
  • Preferred Equity
  • Recapitalizations
  • Restructurings
  • Strategic Debt
  • Structured Equity

Value Creation

Prior to making an investment, we work alongside management to identify actionable opportunities for growth and operational improvement. In addition, we focus on removing structural complexities and other barriers that limit a company’s potential. Strategy and execution are unique to each company, but initiatives most often involve investing in talent and infrastructure, expanding into new markets, optimizing operations, and pursuing both strategic add-on acquisitions and larger transformational acquisitions.

Sector Focus

TEAM

An entrepreneurial team with a distinct culture

At Gemspring, we are entrepreneurs, problem solvers, and resources for whatever needs to get done. We are passionate about investing and driving value creation.

Our culture is based on shared values: collaboration and partnership, analytical rigor and intellectual honesty, integrity and lasting impact. We are privileged to serve our management teams, partner companies, investors, and communities.

Bret Wiener

Bret Wiener

Founder & CEO
Kevin Adams

Kevin Adams

Managing Director
Portfolio Operations
D.J. Andrzejewski

D.J. Andrzejewski

Managing Director
Geoff Broglio

Geoff Broglio

Managing Director
Ravdeep Chanana

Ravdeep Chanana

Managing Director
Clay Cole

Clay Cole

Managing Director
Charlie Fraas

Charlie Fraas

Managing Director
Portfolio Operations
Don Gerne

Don Gerne

Managing Director
Aron Grossman

Aron Grossman

Managing Director
Andrew Lerner

Andrew Lerner

Managing Director
General Counsel
Chief Compliance Officer
Zubin Malkani

Zubin Malkani

Managing Director
Michael McCulloch

Michael McCulloch

Managing Director
Research
Kal Mukherjee

Kal Mukherjee

Managing Director
Portfolio Operations
Martin Mumford

Martin Mumford

Managing Director
Portfolio Operations
Connor O’Byrne

Connor O’Byrne

Managing Director
Business Development
Matt Reibl 

Matt Reibl 

Managing Director
Chief Financial Officer
Jay Reynolds

Jay Reynolds

Managing Director
Alex Shakibnia

Alex Shakibnia

Managing Director
Matt Shuman

Matt Shuman

Managing Director
Business Development
Kristin Steen

Kristin Steen

Managing Director
Glenn Stevens

Glenn Stevens

Managing Director
Head of Portfolio Talent
Jack Tucker

Jack Tucker

Managing Director
Chief Operating Officer
Mathew Wallace

Mathew Wallace

Managing Director
Dan Andrews

Dan Andrews

Principal
Greg Barnes

Greg Barnes

Principal
Michael Fan

Michael Fan

Principal
Howy Fang

Howy Fang

Principal
Chirag Hirawat

Chirag Hirawat

Principal
John Ross

John Ross

Principal
Erich Sorger

Erich Sorger

Principal
Kristin Brozyna

Kristin Brozyna

Director
Business Development
Kathy Calio

Kathy Calio

Director
Operations
Courtney Hamlin

Courtney Hamlin

Director
Investor Relations
Karl Rodger

Karl Rodger

Director
Business Development
Matt Tharp

Matt Tharp

Director
Portfolio Operations
Jordan Wargo

Jordan Wargo

Director
Operations
Alex Crowe

Alex Crowe

Vice President
Kelsey Curtis

Kelsey Curtis

Vice President
Business Development
Jake Fenlon

Jake Fenlon

Vice President
Thomas Henry

Thomas Henry

Vice President
Reid Litowitz

Reid Litowitz

Vice President
Chris Lloyd

Chris Lloyd

Vice President
Gardiner Schroeder

Gardiner Schroeder

Vice President
Jack Shannon

Jack Shannon

Vice President
James Simpson

James Simpson

Vice President
Tyler Feldman

Tyler Feldman

Senior Associate
Molly Langer

Molly Langer

Senior Associate
Investor Relations
Nick Miller

Nick Miller

Senior Associate
Nathan Rakos

Nathan Rakos

Senior Associate
Stephen Reynolds

Stephen Reynolds

Senior Associate
Adrian Roth

Adrian Roth

Senior Associate
Michelle Santos

Michelle Santos

Senior Associate
Kelley Weibezahl

Kelley Weibezahl

Senior Associate
Scott Wright

Scott Wright

Senior Associate
Raymond Zhao

Raymond Zhao

Senior Associate
Brian Abt

Brian Abt

Associate
Colin Minicus

Colin Minicus

Associate
Heather Pascanik

Heather Pascanik

Associate
Matt Troiani

Matt Troiani

Associate
Dimitri Wheeler

Dimitri Wheeler

Associate
John O’Doherty

John O’Doherty

Analyst
Business Development
Adrienne Cerulo

Adrienne Cerulo

Assistant Controller
Yanna Hebel

Yanna Hebel

Assistant Controller
Brian Kantor

Brian Kantor

Assistant Controller
Eileen O’Connor

Eileen O’Connor

Accounting
Amanda Groves

Amanda Groves

Executive Assistant
Morgan Papp

Morgan Papp

Executive Assistant
Devon Weiss

Devon Weiss

Executive Assistant

Bret Wiener

Founder & CEO

Bret Wiener is the Founder and CEO of Gemspring Capital. Over the course of his career, Bret has been involved in over 125 acquisitions across a broad range of industries.

Prior to founding Gemspring in 2015, Bret was a Managing Director at H.I.G. Capital where he spent 11 years. Bret also worked in Corporate Strategy at Microsoft and investment banking at Donaldson, Lufkin & Jenrette. Bret’s extensive experience includes earlier career stints as an institutional cook, a NYC messenger, and a telemarketing rep.

Bret received a BS, summa cum laude, from New York University and an MBA from Stanford University.

Kevin Adams

Managing Director
Portfolio Operations

Kevin Adams is a Managing Director of Portfolio Operations at Gemspring Capital. Kevin has over 20 years of experience working with C-suite leadership to drive growth and improve profitability. He specializes in commercial excellence, operational leadership, strategic planning, M&A and post-merger integration, and talent management.

Prior to Gemspring, Kevin was at Platinum Equity, where he had direct P&L and value creation responsibilities for several portfolio companies and served in various interim leadership roles, including Chief Transformation Officer and President. He also served as the Commercial Excellence lead across Platinum Equity where he was responsible for driving pricing, sales force effectiveness, channel optimization, and digital enablement programs across the fund.

Prior to Platinum Equity, Kevin was a Partner in Boston Consulting Group’s large-scale transformation practice. He has also served as Vice President of Transformation at two private equity-backed companies and began his career in engineering and sales at GE Power Systems.

Kevin serves on the boards of Fenceworks, Midland, and Bradford.

Kevin received a BS in Civil Engineering from Rensselaer Polytechnic Institute and an MBA from Stanford University.

D.J. Andrzejewski

Managing Director

D.J. Andrzejewski is a Managing Director and member of the Investment Committee at Gemspring Capital.

Prior to Gemspring, D.J. was a Partner at PeakEquity Partners, a private equity firm focused on investments in growth-stage software companies. In his eight years with PeakEquity, D.J. was responsible for all aspects of the investment process including sourcing, structuring, and executing new investments. D.J. served as a board member for several portfolio companies including EnterpriseDB, CareerArc, BERA, and HighLevel. He was also involved in PeakEquity’s investments in G5 and Valiant Solutions.

Prior to PeakEquity Partners, D. J. worked on the investment team at Stripes, a New York-based growth equity firm with $7.7 billion in capital under management. At Stripes, D. J. sourced and executed investments across the software and technology sectors. D. J. began his career at Milestone Partners, a Philadelphia-based private equity firm, where he focused on leveraged buyouts and recapitalizations of middle market businesses across various industries.

D.J. serves on the board of ClearCompany.

D.J. received a BA from the University of Pennsylvania and an MBA from the Wharton School at the University of Pennsylvania.

Sector Coverage:Software

Geoff Broglio

Managing Director

Geoff Broglio is a Managing Director and a member of the Investment Committee at Gemspring Capital. Geoff brings nearly two decades of investment, strategic, and operational experience across business services, media and technology, industrials, distribution, transportation, and logistics. He has invested in leveraged buyouts, growth equity investments, corporate divestitures, minority investments, asset acquisitions, and recapitalizations, including leading more than 15 investments for Gemspring. Throughout his career, Geoff has been responsible for identifying and evaluating investment opportunities, structuring and negotiating transactions, and partnering with management teams to drive operational and growth initiatives.

Prior to Gemspring, Geoff was a Principal with Kingswood Capital, a lower middle market private equity firm. Before that, Geoff was a Vice President at Hudson Capital Management and an Associate at First Reserve. Earlier in his career, Geoff was an Analyst in the financial sponsors group of Citigroup’s investment banking division.

Geoff serves on the boards of Bridgeway Connects, Crafty Apes, Fenceworks, Midland Industries, Shrieve Chemical Company, and Wireless Vision. He previously served on the board of Therma Holdings.

Geoff received a BS in Business Information Technology and a BS in Finance from Virginia Tech.

Sector Coverage:Industrial Services
Media & Telecom

Ravdeep Chanana

Managing Director

Ravdeep Chanana is a Managing Director and a member of the Investment Committee at Gemspring Capital.

Prior to Gemspring, Rav was an executive at General Electric with experience working across eight countries and four different multi-billion dollar industrial and financial services business units. His most recent role was CFO of GE Additive, a new business unit within GE Aviation comprised of two strategic acquisitions completed in 2016. In this role, Rav was responsible for providing financial and operational leadership to drive the integration of the acquired companies. Prior to GE Additive, Rav was CFO of GE Aviation’s engineering organization and led a global finance team of ~70 employees where he was responsible for providing strategic and financial leadership for the ~$3 billion of annual research & development budget and ~8,000-person engineering organization.

Rav began his career in GE’s Financial Management Program. He completed roles in Corporate Finance, GE Capital headquarters, and GE Corporate Investor Relations. Rav then joined GE’s Corporate Audit Staff, ultimately progressing to Executive Audit Manager responsible for GE Aviation, a $25 billion revenue business segment, and the Services Council, supporting a GE Vice Chairman in driving best practices and processes across all of GE’s services businesses.

Rav serves on the boards of AMPAM, Carr & Duff, JTI, and Shrieve Chemical Company. In addition, Rav was formerly a board member of Radancy and Therma Holdings.

Rav received a BS in Finance and Accounting from Fairfield University.

Sector Coverage:Aerospace & Defense
Automotive
Business Services

Clay Cole

Managing Director

Clay Cole is a Managing Director and member of the Investment Committee at Gemspring Capital.

Clay has over fifteen years of experience partnering with founders and management teams to execute transactions across a variety of structures, including family and founder capital solutions, growth equity investments, buy and builds, and leveraged buyouts. Clay has invested across a broad array of industries, including business and tech-enabled services, IT services, industrial services, infrastructure and communications services, and distribution.

Prior to Gemspring, Clay was a Managing Director at A&M Capital Opportunities (“AMCO”). While at AMCO, Clay was responsible for all aspects of the investment lifecycle, including originating transactions, executing investments, and collaborating with management teams to orchestrate value-creation and growth initiatives. Prior to AMCO, Clay worked at General Catalyst Partners, H.I.G. Capital, and Stephens Inc.

Clay has served as a director and observer to numerous boards, including Crash Champions, Heartland Business Systems, Champion Optical Network Engineering, CLEAResult Consulting, and Envoy Global.

Clay received a BS in Industrial Engineering with a minor in General Business from the University of Arkansas.

Charlie Fraas

Managing Director
Portfolio Operations

Charlie Fraas is a Managing Director and Head of Portfolio Operations at Gemspring Capital. Charlie has over 25 years of experience leading transformations and driving profit enhancement. He has worked with over 50 clients executing projects across the strategic and operational spectrum, including strategic planning, post-merger integration, BPO / shared service adoption, robotics process automation, sourcing and procurement, supply chain network, lean manufacturing, and ERP / technology implementation.

Prior to Gemspring, Charlie led a boutique advisory firm focused on operational transformation, profit enhancement, and restructuring / turnaround engagements in a variety of industries, including aviation, brokerage, distribution, healthcare, manufacturing, real estate, retail, services, and technology, for clients including H.I.G. Capital and TPG. He has held various transformation leadership and restructuring roles including Interim CEO, Interim President, Interim COO, Chief Restructuring Officer (CRO), and Chancery Court Trustee (Delaware).

Previously, Charlie held several roles at 1800flowers.com, including Senior Vice President of Improvement, Senior Vice President of Operations, and COO, where he oversaw all operations, including call centers, distribution, transportation, sourcing and procurement, customer database marketing, and florist operations.

Prior to 1800flowers, Charlie started his career at Arthur Andersen and Deloitte Consulting, spending 13 years in various practices, including audit, bankruptcy and transaction advisory, marketing analytics, operations, retail industry, strategy, supply chain, and several technology teams.

Charlie serves on the boards of Insurvia, Outform, and Skyline.

Charlie received a BS in Accounting from Binghamton University and is a Six Sigma Black Belt.

Don Gerne

Managing Director

Don Gerne is a Managing Director at Gemspring Capital. For nearly two decades, Don has worked across a broad range of industries, including business services, industrial services, environmental services, healthcare, consumer, retail, telecommunications, energy, and infrastructure. During this time, Don has worked on leveraged buyouts, corporate divestitures, founder recapitalizations, asset acquisitions, and growth equity investments, representing nearly $2 billion of invested equity and $3 billion of funded debt in approximately 25 platforms and add-on acquisitions.

Prior to Gemspring, Don was a Partner at Metalmark Capital Partners. While at Metalmark, Don led all aspects of the investment process, including origination, due diligence, legal documentation, and transaction financing, in addition to collaborating with portfolio management teams to achieve value-enhancement strategies. Don has served as a board member or observer for numerous companies, including WorldStrides, NNE, Monarch Midstream, MC2 Energy, and Sebela Pharmaceuticals. Earlier in his career, Don worked at Greenhill Capital Partners, J.W. Childs Associates, and Lehman Brothers.

Don serves on the boards of Mantis, Skyline, and Zavation.

Don received a BS in Mechanical Engineering from Yale University and an MBA from Harvard Business School.

Sector Coverage:Business Services
Environmental Services
Industrials

Aron Grossman

Managing Director

Aron Grossman is a Managing Director and a member of the Investment Committee at Gemspring Capital.

Prior to Gemspring, Aron was a Principal with Rho Capital, a technology-focused private equity firm with $1.4 billion in capital under management, where he focused on the origination and execution of enterprise software investments.

Prior to Rho, Aron spent five years in operational roles with software businesses, most recently as Founder and CEO of Cleanshelf, a software expense management company he bootstrapped and merged with a competitive business. Previously, Aron was an executive at Voxy, a venture-backed education technology company, where, in addition to being CFO, he played a central role in the sales, marketing, and operations activities driving the company’s growth.

Earlier in his career, Aron focused on business services, healthcare, and media / communications investments with Tailwind Capital, a middle-market private equity firm. Aron began his career as an investment banking Analyst with Houlihan Lokey.

Aron serves on the boards of Bobit, Cforia, GoldenSource, OPEXUS, and Sigga. In addition, Aron was formerly a board member of Valant.

Aron received a BA in Economics and Spanish from Emory University.

Sector Coverage:Software

Email Aron:aron@gemspring.com

Andrew Lerner

Managing Director
General Counsel
Chief Compliance Officer

Andrew Lerner is a Managing Director and the General Counsel and Chief Compliance Officer of Gemspring Capital.

Prior to joining Gemspring, Andrew was a Managing Director and the Deputy General Counsel – Americas of Moelis & Company, and the General Counsel of Moelis Asset Management LP. Previously, Andrew served as a Director & Counsel at Credit Suisse. Andrew began his career as a corporate attorney at Fried, Frank, Harris, Shriver & Jacobson LLP in New York.

Andrew holds a JD from New York University School of Law, an MA in Political Science from The New School for Social Research, and an AB, magna cum laude, in Philosophy from Muhlenberg College.

Zubin Malkani

Managing Director

Zubin Malkani is a Managing Director and a member of the Investment Committee at Gemspring Capital.

Prior to Gemspring, Zubin was a Managing Director at CI Capital Partners, a middle market private equity firm, where he worked for nearly a decade. While at CI Capital, Zubin led investments in business services and consumer services companies and served as a board member for numerous portfolio companies, including Hero Digital, PRA, SavATree, Total Fleet Solutions, and WTS International.

Prior to CI Capital, Zubin was an Associate at GTCR, where he focused on middle market leveraged buyouts, and an investment banking Analyst at Goldman, Sachs & Co., where he advised clients on mergers, acquisitions, and corporate finance transactions.

Zubin serves on the boards of Amplix and ROR Partners.

Zubin received a BBA from the University of Michigan and an MBA from Harvard Business School.

Sector Coverage:Technology Services

Michael McCulloch

Managing Director
Research

Michael McCulloch is a Managing Director, Head of Research, and a member of the Investment Committee at Gemspring Capital.

Prior to Gemspring, Michael was a Partner at Providence Public, the crossover public/private fund of Providence Equity Partners, a global private equity firm. In his four years at Providence, Michael was responsible for all aspects of the investment process, including the sourcing, diligence, and execution of new investments.

Prior to Providence, Michael was a Senior Analyst at ThornTree Capital where he focused on the media, telecom, and consumer sectors. Prior to ThornTree, Michael worked at Finepoint Capital, investing broadly across sectors, geographies, and asset classes. Michael began his investing career at Relational Investors, covering the industrials and materials sectors.

Michael received a BA in Economics and Political Science from Vanderbilt University and an MA in Finance from Claremont McKenna College.

Kal Mukherjee

Managing Director
Portfolio Operations

Kal Mukherjee is a Managing Director of Portfolio Operations at Gemspring Capital. Kal has over 25 years of experience working with C-suite leadership to drive growth, improve processes, and reduce costs. He specializes in operational excellence, pricing and strategic planning, M&A, and post-merger integration.

Prior to Gemspring, Kal was Operating Partner at Apollo Global Management where he partnered with portfolio management teams to drive operational improvement, pricing, sales force effectiveness, and overall process improvement.

Prior to Apollo, Kal worked at AlixPartners, Nielsen Media Research, Danaher Corporation, and McKinsey.

Kal received his BTech (Hons) in Mechanical Engineering from the Indian Institute of Technology, Kharagpur, an MS from Penn State, and an MBA from University of Rochester.

Martin Mumford

Managing Director
Portfolio Operations

Martin Mumford is a Managing Director of Portfolio Operations at Gemspring Capital. Martin has experience working with C-suite leadership across a variety of industries to create value through operational improvement. He specializes in operational transformation, M&A integration, carve-outs, strategic planning, and organizational development.

Prior to Gemspring, Martin was at Angeles Equity Partners, where he was responsible for value creation in portfolio companies across manufacturing, distribution, services, and healthcare sectors. Prior to Angeles Equity, Martin was a Principal in Oliver Wyman’s Consumer, Industrial, and Services practice, where he worked on large-scale transformations for facilities services and retail clients. Before joining Oliver Wyman, Martin served as an Infantry Officer with the 101st Airborne Division of the United States Army.

Martin received a BA in International Relations from Stanford University and an MBA with honors from the Wharton School at the University of Pennsylvania, where he was a Palmer Scholar.

Connor O’Byrne

Managing Director
Business Development

Connor O’Byrne is a Managing Director of Business Development at Gemspring Capital. He is responsible for deal origination and driving the firm’s marketing and business development efforts.

Prior to Gemspring, Connor spent a combined six years sourcing investment opportunities for StoneCalibre and Skyview Capital, two privately funded investment firms in Los Angeles.

Connor received a BBA in Finance, with a concentration in European Economics from James Madison University.

Matt Reibl 

Managing Director
Chief Financial Officer

Matt Reibl is a Managing Director and the Chief Financial Officer at Gemspring Capital.

Prior to Gemspring, Matt spent over eight years at Blackstone in various leadership roles. Most recently, Matt was a Principal on the Private Equity Portfolio Operations team where he led finance transformation efforts across several portfolio companies. Prior to that, Matt was a manager on Blackstone’s middle office finance team overseeing valuations, investor reporting, portfolio monitoring, and FP&A for various funds in the Private Equity segment.

Matt began his career in GE’s Financial Management Program in the Aviation segment. Matt then joined GE’s Corporate Audit Staff, completing assignments in GE’s Capital, Energy, and International divisions, ultimately progressing to Audit Manager.

Matt received a BS in Finance with minors in Accounting and Economics from Fairfield University.

Jay Reynolds

Managing Director

Jay Reynolds is a Managing Director and a member of the Investment Committee at Gemspring Capital.

Prior to Gemspring, Jay was with The Riverside Company, a global private equity firm, where he worked for nearly a decade. While at Riverside, Jay was responsible for all aspects of the investment process, including sourcing, structuring and executing non-control investment opportunities, as well as post-investment collaboration with portfolio company management teams to implement growth plans.

Prior to Riverside, Jay was with Veronis Suhler Stevenson, a lower middle market private equity firm, where he executed control and non-control investments. Jay began his career as an investment banking analyst in the Media & Telecommunications group at Merrill Lynch, where he worked on M&A, leveraged finance, and equity capital transactions.

Jay serves on the boards of Sparkstone Electrical Group (fka Chicago Switchboard) and OCI.

Jay received a BS in Business Administration, magna cum laude, from Washington & Lee University.

Alex Shakibnia

Managing Director

Alex Shakibnia is a Managing Director and a member of the Investment Committee at Gemspring Capital. Alex has extensive experience structuring and executing transactions across a broad range of industries.

Prior to Gemspring, Alex spent three years at Friedman Fleischer and Lowe, a San Francisco based middle market private equity firm focused on executing both majority and minority growth equity investments. Alex began his career as an investment banking Analyst at Credit Suisse in Los Angeles where he focused on the execution of debt and equity transactions for companies in various sectors.

Alex serves on the boards of A10 Capital, Insurvia, Outform, Security 101, and United Group Programs.

Alex received BA in Business Economics and Mathematics, cum laude, from UCLA and an MA in Finance from Claremont McKenna College.

Sector Coverage:Financial & Insurance Services
Education
Business Services

Matt Shuman

Managing Director
Business Development

Matt Shuman is a Managing Director at Gemspring Capital. He is responsible for deal origination and leading the firm’s overall marketing and business development efforts.

Prior to Gemspring, Matt was with Northwestern Mutual. Previously, he ran the FX Prime Brokerage sales efforts for Royal Bank of Scotland and Barclays Capital, where he was responsible for a broad range of activities, including business development, origination, contract negotiation, and due diligence, and successfully led efforts in onboarding strategic relationships and rolling out new platforms for the banks’ Prime Brokerage businesses. Matt began his career as an Analyst on the Sales & Trading desks at J.P. Morgan in New York.

Matt received a BS in Finance from Syracuse University.

Kristin Steen

Managing Director

Kristin Steen is a Managing Director and a member of the Investment Committee at Gemspring Capital.

Prior to Gemspring, Kristin was a Managing Director at CCMP Capital, a middle market private equity firm. While at CCMP, Kristin was responsible for all aspects of the investment process, including originating, evaluating, and executing investments, partnering with management teams to drive value creation, and serving on the boards of portfolio companies. She was involved in several of the firm’s investments, including Eating Recovery Center, The Hillman Group, Truck Hero, and other companies in the consumer, specialty manufacturing, and services sectors. Prior to joining CCMP, Kristin worked for Lone Star Funds and HBK Capital Management.

Kristin serves on the board of Bradford.

Kristin received a BS in Commerce from the McIntire School of Commerce at the University of Virginia.

Sector Coverage:Consumer

Glenn Stevens

Managing Director
Head of Portfolio Talent

Glenn is a Managing Director and Head of Portfolio Talent at Gemspring Capital and has over 30 years of experience in talent management and retained executive recruitment. He has consulted with some of the world’s leading companies regarding their human capital management issues and strategic growth initiatives.

Prior to Gemspring, Glenn was a Partner at Apollo Global Management. At Apollo, Glenn focused on talent and leading management team and board construction for Apollo’s portfolio companies. Prior to Apollo, he was the Head of Talent Management at L Catterton, a consumer-focused private equity firm. Prior to L Catterton, Glenn held roles at Odgers Berndtson, The Gerson Group, Nobok Ltd., and A.T. Kearney.

Glenn received an AB in Politics from Princeton University.

Jack Tucker

Managing Director
Chief Operating Officer

Jack Tucker is a Managing Director and the Chief Operating Officer at Gemspring Capital. He is focused on Investor Relations, ESG Initiatives, Business Development, and Recruiting.

Prior to Gemspring, Jack was a Partner at Acalyx Advisors, where he raised capital from institutional investors for private equity funds. At Acalyx, Jack was involved in several milestone fundraisings in the buyout and growth segments. Jack also worked on a number of advisory mandates with general partners and helped develop and execute marketing strategies to assist general partners with ongoing investor relationship management. Jack began his career at MVision Private Equity Advisers, where he worked with general partners across the US and Europe.

Jack received a BA from the University of Delaware.

Mathew Wallace

Managing Director

Matt is a Managing Director and a member of the Investment Committee at Gemspring Capital. He is responsible for leading investing activities in the Industrials vertical and is focused on all industrial subsectors with an emphasis on chemicals & specialty materials, packaging, industrial technology, engineered equipment & components, specialty distribution, and industrial & infrastructure services.

Prior to Gemspring, Matt was a Managing Director on Cerberus Capital Management’s Private Equity team where he led private equity investments in the Industrials vertical. During his tenure with Cerberus, Matt was responsible for leading all aspects of the investment process including sourcing, structuring, and executing new investments, as well as portfolio management. While at Cerberus, he served as a board member for several portfolio companies including Closure Systems International, PQ Performance Chemicals, Cyanco, and Kellermeyer Bergensons Services.

Prior to Cerberus, Matt worked at H.I.G. Capital, RBC Capital Markets, and The Hartford Financial Services Group.

Matt received a BS in Business Administration from the University of Connecticut and an MBA from Columbia University. He is also a Lean Six Sigma Black Belt.

Sector Coverage:Industrials
Manufacturing
Infrastructure Services
Environmental Services

Dan Andrews

Principal

Dan Andrews is a Principal at Gemspring Capital and focuses on structured investment opportunities. Dan has over a decade of investing experience across various strategies in both public and private credit markets.

Prior to Gemspring, Dan was at Moab Partners, a value-oriented hedge fund, where he focused on special situations and event-driven investment opportunities. During his time at Moab, Dan invested in a wide array of credit products and focused on structured direct lending financings.

Earlier in his career, Dan was a Vice President at Morgan Stanley Credit Partners, a $1 billion credit opportunities fund within the Merchant Banking division of Morgan Stanley. Dan was part of a team responsible for investing both outside investor funds and Morgan Stanley capital, focusing on complex direct lending situations and stressed liquid credit opportunities. Dan began his career in the investment banking group of Robinson Humphrey and also spent time at MCG Capital, a publicly traded private equity and debt investment firm where he executed middle market investments across the capital structure and served as a portfolio company board director.

Dan received a BS in Commerce from the McIntire School of Commerce at the University of Virginia and an MBA from Columbia Business School.

Greg Barnes

Principal

Greg Barnes is a Principal at Gemspring Capital.

Prior to Gemspring, Greg was a Vice President at Comvest Partners. While at Comvest, Greg was responsible for the evaluation, execution, and monitoring of control investments across multiple sectors with a focus on consumer. Prior to Comvest, Greg was an Associate at H.I.G. Capital.

Greg began his career as an investment banking Analyst at Barclays where he executed M&A and leveraged finance transactions across a range of industries.

Greg received a BS in Business Administration from Georgetown University.

Michael Fan

Principal

Michael Fan is a Principal at Gemspring Capital and focuses on investments in software. Michael has over a decade of experience in sourcing and executing transactions in the technology sector, as well as operating experience from founding and leading a digital media business.

Prior to Gemspring, Michael was at Rubicon Technology Partners, an enterprise software-focused private equity firm. Michael has also held roles within private equity at York Capital and Bain Capital, primarily focusing on technology investments. In these roles, Michael collaborated with management teams to execute strategic initiatives and served as a board director for multiple portfolio companies. Earlier in his career, Michael was the founder and CEO of a digital media business focused on car safety, and worked as a technology investment banking Analyst at Morgan Stanley.

Michael serves on the boards of GoldenSource and OPEXUS.

Michael received a BA in Economics with a minor in Computer Science from Stanford University and an MBA from Harvard Business School.

Sector Coverage:Software

Email Michael:michael@gemspring.com

Howy Fang

Principal

Howy Fang is a Principal at Gemspring Capital.

Prior to Gemspring, Howy was a Business Analyst with McKinsey & Company, where his client work centered around strategic growth initiatives, sales & marketing practices, and enterprise transformations.

Howy serves on the boards of AMPAM, Bobit, Bridgeway Connects, Fenceworks, JTI, and Security 101.

Howy received a BA in Economics from the University of Chicago.

Chirag Hirawat

Principal

Chirag Hirawat is a Principal at Gemspring Capital.

Prior to Gemspring, Chirag was a Vice President at BlackIvy Group, a US-based holding company that owns and operates essential services businesses in Sub-Saharan Africa. Prior to BlackIvy, Chirag was a Vice President at Golden Gate Capital, a private equity firm with $15 billion under management, where he evaluated and executed new investments and monitored portfolio companies in the consumer and software sectors. Chirag began his career as an investment banking Analyst at Goldman Sachs, where he focused on leveraged finance transactions for private equity and corporate clients.

Chirag serves on the board of Amplix and Zavation.

Chirag received a BA in International Relations, magna cum laude, from New York University.

John Ross

Principal

John Ross is a Principal at Gemspring Capital.

Prior to Gemspring, John was with Black Diamond Capital Management, a $9 billion alternative asset management firm, where he focused on the evaluation and execution of distressed private equity investments and was deeply involved in the turnaround of companies post-acquisition.

Prior to Black Diamond, John was an Associate at Irving Place Capital Management, a middle market private equity firm, where he was responsible for analyzing new investment opportunities, due diligence, and monitoring existing portfolio companies. John began his career as an investment banking Analyst at Bank of America Merrill Lynch, where he focused on the execution of M&A transactions across a broad range of industries and geographies.

John serves on the board of Cforia.

John received a BA in Economics and Government, cum laude, from Dartmouth College and an MBA from the Tuck School of Business at Dartmouth, where he was an Edward Tuck Scholar.

Erich Sorger

Principal

Erich Sorger is a Principal at Gemspring Capital.

Prior to Gemspring, Erich was a Principal and the second employee at Corbel Capital Partners, a $1 billion AUM firm focused on structured investments. In his eight years at Corbel, Erich led investments in performing and special situations across a diverse set of industries, including services, logistics, manufacturing, and consumer. He served on the boards of ARES Security Corp., Baker’s Computer Services, Brooklyn Brands, Cosmetic Design Group, LinkTrust, SpaceJet Media, and T3 Expo.

Prior to Corbel, Erich worked in the Private Equity group of Ares Management, a $300 billion alternative asset management firm, and completed the acquisitions of myTheresa.com and BlackBrush Oil & Gas. Prior to Ares, Erich worked in investment banking at Moelis & Company, and advised on over $12 billion in M&A. Erich began his career at Goldman Sachs within the Asset Management division. Erich also worked on monetary policy at the Bank of Israel, Israel’s central bank.

Erich received dual BS degrees in Economics and Engineering from the Wharton School and the School of Engineering and Applied Sciences at the University of Pennsylvania. He completed the Jerome Fisher Program in Management and Technology (M&T), as both a Joseph Wharton Scholar and Benjamin Franklin Scholar.

Kristin Brozyna

Director
Business Development

Kristin Brozyna is a Director of Business Development at Gemspring Capital. She is responsible for deal origination and driving the firm’s marketing and business development efforts.

Prior to Gemspring, Kristin spent nearly a decade as an investment banker, focused on advising financial and strategic clients across a variety of industries. Most recently, Kristin was a Vice President in the Advisory group at Evercore Partners. Prior to Evercore, she worked in the M&A group at Bank of America Merrill Lynch. She began her career at Harris Williams as an Associate.

Kristin received a BE in Civil Engineering from Vanderbilt University and an MBA from the University of Virginia.

Email Kristin:kb@gemspring.com

Kathy Calio

Director
Operations

Kathy Calio is a Director of Operations at Gemspring Capital.

Prior to Gemspring, Kathy was a Director in Central Management at Deutsche Bank in their Investment Banking division. She supported the Real Estate, Financial Sponsors, and Financial Institutions groups in the Americas as their COO and worked closely with senior management in the day-to-day operations of these businesses. Prior to joining Deutsche Bank, Kathy practiced corporate law at Davis Polk & Wardwell in New York, rotating through M&A and Capital Markets before specializing in Investment Management.

Kathy began her career as an investment banking Analyst at Morgan Stanley in the Real Estate, Gaming, Lodging, and Leisure group in New York and Milan.

Kathy received a BA in History, summa cum laude, from Princeton University and a JD from Columbia Law School where she was a Harlan Fiske Stone Scholar.

Courtney Hamlin

Director
Investor Relations

Courtney Hamlin is a Director at Gemspring Capital focused on Investor Relations and ESG Initiatives.

Prior to Gemspring, Courtney was a member of the Investor Relations team at Corsair Capital, where she specialized in buyout and infrastructure strategies. Prior to Corsair, she was a Vice President at Acalyx Advisors, where she was involved in a number of fundraisings in the buyout, growth, and credit segments. Courtney began her career at GLG, where she supported general partners in their origination, diligence, and value-creation activities.

Courtney received a BA from the University of St Andrews.

Karl Rodger

Director
Business Development

Karl Rodger is a Director of Business Development at Gemspring Capital, where he plays an active role in sourcing transactions, executing new investments, and working alongside portfolio company management teams. Karl also leads the Capital Markets initiative at Gemspring and actively manages the firm’s relationships with a variety of lending partners. Throughout his career investing in the middle market, Karl has completed over 20 leveraged buyouts, corporate divestitures, founder recaps, and transformational add-on acquisitions, and has collaborated with management teams to develop and execute strategies that have driven growth in revenue and profitability.

Prior to Gemspring, Karl was a Vice President with Spire Capital Partners, an operationally oriented lower middle market private equity firm focused on technology, communications, media, and education services. Prior to Spire Capital, Karl worked for Dubin Clark & Company, a lower middle market private equity firm focused on investments in the business services, light manufacturing, and B2C rental industries. Earlier in his career, Karl spent time at The Riverside Company, where he helped invest out of the $1.2 billion North American fund. Karl began his career as an Analyst with Harris Williams, where he assisted in the execution of middle market M&A transactions.

Karl received a BA, magna cum laude, from Vanderbilt University and an MBA from the Fuqua School of Business at Duke University.

Matt Tharp

Director
Portfolio Operations

Matt Tharp is a Director of Portfolio Operations at Gemspring Capital. Matt has worked with over a dozen companies across a broad range of transformational initiatives including broad go-to-market strategies, sales effectiveness and enablement, holistic marketing transformation, operational excellence, organizational restructuring, merger management, product road mapping, and procurement/sourcing.

Prior to Gemspring, Matt was part of Vista Consulting Group, the operating arm of Vista Equity Partners. Matt served as a Value Creation Director at Vista, helping to design and implement the value creation agenda with a variety of Vista’s portfolio companies. Matt also served as an operating executive within Vista’s portfolio, most notably as a Vice President at Fusion Risk Management, a business continuity SaaS business.

Prior to Vista, Matt was a consultant at McKinsey & Company, where he led large-scale commercial transformations for McKinsey’s clients. Prior to McKinsey, Matt served in several direct sales roles, primarily in the medical device industry. Matt also served as a Captain in the United States Marine Corps. In the Marines, Matt served as an Amphibious Assault Officer, and led teams ranging from 40-200 Marines.

Matt serves on the boards of Cforia, Sigga, and OPEXUS.

Matt received a BA in Political Science and History from the University of Illinois at Urbana-Champaign and an MBA from the Kelley School of Business at Indiana University.

Sector Coverage:Software

Jordan Wargo

Director
Operations

Jordan Wargo is a Director of Operations at Gemspring Capital.

Prior to Gemspring, Jordan worked closely with the Founding Principal of Roger Ferris + Partners. Previously, Jordan supported the CEO and several Managing Directors on the Investor Relations team for Z Capital Group, a private equity firm with $5 billion under management based in NYC.

Jordan began her career supporting human resource executives in the entertainment industry.

Jordan received a BS in Business Management from the University of New Haven.

Alex Crowe

Vice President

Alex Crowe is a Vice President at Gemspring Capital.

Prior to Gemspring, Alex was a Senior Associate at Pine Brook Partners, a middle market private equity firm based in New York. At Pine Brook, Alex evaluated and executed investment opportunities primarily within the financial services sector. Prior to joining Pine Brook, Alex worked as an investment banking Analyst at Citigroup, executing M&A and capital markets transactions for a variety of firms within the financial institutions industry.

Alex received a BS in Finance from Indiana University.

Kelsey Curtis

Vice President
Business Development

Kelsey (Lozier) Curtis is a Vice President of Business Development at Gemspring Capital. She is responsible for deal origination and driving the firm’s marketing and business development efforts.

Prior to Gemspring, Kelsey led business development and marketing efforts at Silver Oak Services Partners, a Chicago-based private equity firm focused on business, healthcare, and consumer services companies. Kelsey began her career on the investment team at Speyside Equity, a lower middle market private equity firm based in Detroit, where she focused on manufacturing and industrials.

Kelsey received a BA in Financial Management and Spanish from Hillsdale College.

Jake Fenlon

Vice President

Jake Fenlon is a Vice President at Gemspring Capital.

Prior to Gemspring, Jake was a Senior Associate at Providence Equity Partners, a private equity firm focused on growth-oriented investments. At Providence, Jake focused on the evaluation and execution of majority, minority, and strategic add-on investments across the media, communications, education, and technology industries. Jake started his career as an investment banking Analyst at Credit Suisse in the M&A group, where he focused on buy-side and sell-side advisory across a variety of sectors.

Jake received a BA in Economics from the University of Chicago, where he was also a Dougan Scholar at the Booth School of Business.

Thomas Henry

Vice President

Thomas Henry is a Vice President at Gemspring Capital. Prior to Gemspring, Thomas was an Associate at Palladin Consumer Retail Partners, a Boston-based private equity firm focused on control buyouts and growth investments in lower middle market consumer products and specialty retail businesses. While at Palladin, Thomas focused on evaluating and executing transactions and portfolio management initiatives at the fund level, and spent a year embedded full-time within KT Health, a Palladin portfolio company, to drive operational value creation. Thomas began his career as an investment banking Analyst with Wells Fargo Securities, where he executed M&A and leveraged finance transactions across a range of industries.

Thomas serves on the board of Amplix and Midland Industries.

Thomas received a BS in Business Administration from the University of Southern California’s Marshall School of Business and an MBA from Northwestern University’s Kellogg School of Management.

Reid Litowitz

Vice President

Reid Litowitz is a Vice President at Gemspring Capital.

Prior to Gemspring, Reid was the Chief of Staff to the CEO of VelocityEHS, a Chicago-based software provider to the Environmental, Health & Safety market, before becoming Senior Director of Business Intelligence for the company. Prior to VelocityEHS, Reid was an Investment Executive at CVC Growth Partners, a New York-based growth equity firm investing in vertical software companies. Reid began his career as an investment banking Analyst with Harris Williams.

Reid received a BS in Finance from the University of Virginia.

Chris Lloyd

Vice President

Chris Lloyd is a Vice President at Gemspring Capital.

Prior to Gemspring, Chris was a Senior Associate at American Securities, a New York-based private equity firm with more than $26 billion under management. At American Securities, Chris focused on the evaluation and execution of buyout and strategic add-on investments across multiple sectors including industrials, business services, and consumer.

Prior to American Securities, Chris was an investment banking Analyst in the M&A group at J.P. Morgan, where he focused on strategic and sponsor-related M&A across a variety of industries and geographies.

Chris received a BS in Accountancy from Brigham Young University.

Gardiner Schroeder

Vice President

Gardiner Schroeder is a Vice President at Gemspring Capital.

Prior to Gemspring, Gardiner was an Associate at Re:Build Manufacturing, an investment holding company in Boston. At Re:Build, Gardiner focused on the evaluation and execution of investments across the aerospace & defense, industrial technology, and biotechnology sectors. Prior to joining Re:Build, Gardiner was an investment banking Analyst in the M&A group at Alantra where he focused on transaction advisory across a range of industrial verticals.

Gardiner received a BS in Finance, cum laude, from Bentley University.

Jack Shannon

Vice President

Jack Shannon is a Vice President at Gemspring Capital.

Prior to Gemspring, Jack worked at AEA Investors, a middle market private equity firm based in New York. At AEA Investors, Jack focused on the evaluation and execution of buyout and strategic add-on investments across a range of industries. Previously, Jack worked as an investment banking Analyst at Fidus Partners where he focused M&A advisory services within the lower middle market.

Jack received a BS in Business Administration from the University of North Carolina at Chapel Hill.

James Simpson

Vice President

James Simpson is a Vice President at Gemspring Capital.

Prior to Gemspring, James worked at Gallant Capital, a Los Angeles-based private equity firm. At Gallant, James focused on the evaluation and execution of control and non-control investments across a range of industries, with a focus on the aerospace & defense and business services sectors. Prior to joining Gallant, James worked as an investment banking Analyst at Centerview Partners, where he focused on M&A, restructuring, and activist defense mandates across a range of industries, and as a paralegal at Latham & Watkins.

James received an MA from the University of Cambridge.

Tyler Feldman

Senior Associate

Tyler Feldman is a Senior Associate at Gemspring Capital.

Prior to Gemspring, Tyler was an Associate at AQR Capital Management, a hedge fund based in Greenwich, Connecticut. At AQR, Tyler focused on the execution of long-term strategic projects for clients relating to multi-asset portfolio construction. Prior to AQR, Tyler worked as an investment banking Associate at Canaccord Genuity / Petsky Prunier, where he focused on sell-side M&A in the middle market.

Tyler received a BA in Economics from Brown University and an MBA from the Wharton School.

Molly Langer

Senior Associate
Investor Relations

Molly Langer is a Senior Associate at Gemspring Capital focused on Investor Relations.

Prior to Gemspring, Molly worked at Eaton Partners where she was involved in a number of fundraisings in the buyout, growth, infrastructure, and credit segments.

Molly received a BS and an MBA from the University of Connecticut.

Nick Miller

Senior Associate

Nick Miller is a Senior Associate at Gemspring Capital.

Prior to Gemspring, Nick was an Associate at Stella Point Capital, a middle market private equity firm based in New York. At Stella Point, Nick evaluated and executed buyout and strategic add-on acquisitions across a variety of industries. Prior to Stella Point, Nick worked as an investment banking Analyst at Citigroup, executing M&A and capital markets transactions for a variety of firms within the consumer & retail industries.

Nick received a BS in Finance and Economics from the University of Oregon.

Nathan Rakos

Senior Associate

Nathan Rakos is a Senior Associate at Gemspring Capital.

Prior to Gemspring, Nathan was an Associate at Monomoy Capital Partners, a middle market private equity firm based in New York. At Monomoy, Nathan focused on the evaluation and execution of buyout and credit investments across the industrial and consumer markets. Prior to Monomoy, Nathan worked as an investment banking Analyst at Houlihan Lokey, where he focused on strategic and sponsor-related M&A within the business services sector.

Nathan received a BS in Computer Science and Finance from William & Mary.

Stephen Reynolds

Senior Associate

Stephen Reynolds is a Senior Associate focused on software investments at Gemspring Capital.

Prior to Gemspring, Stephen was an Associate at Accel-KKR, an enterprise software-focused private equity firm. Prior to Accel-KKR, Stephen was an investment banking Associate at MVP Capital (now part of Houlihan Lokey), delivering financing and M&A advisory services to lower middle market software and IT services businesses. Stephen began his career as an Analyst in the Energy group at Bank of America Merrill Lynch.

Stephen received a BS in Finance from Santa Clara University.

Adrian Roth

Senior Associate

Adrian Roth is a Senior Associate at Gemspring Capital.

Prior to Gemspring, Adrian was an investment banking Analyst in the Financial Restructuring group at Houlihan Lokey in Los Angeles. While at Houlihan Lokey, Adrian worked on several engagements across a range of industries involving in-court and out-of-court restructurings, M&A mandates (buy-side, sell-side, and SPAC), and capital raises.

Adrian received a BS in Financial Actuarial Mathematics, cum laude, from UCLA.

Michelle Santos

Senior Associate

Michelle Santos is a Senior Associate at Gemspring Capital.

Prior to Gemspring, Michelle was an investment banking Analyst in the M&A group at Bank of America Merrill Lynch in New York. While at Bank of America Merrill Lynch, Michelle focused on transaction advisory across a range of industries.

Michelle received a BA in Economics and Psychology from Yale University.

Kelley Weibezahl

Senior Associate

Kelley Weibezahl is a Senior Associate at Gemspring Capital.

Prior to Gemspring, Kelley was an Associate at Cortec Group, a middle market private equity firm based in New York. At Cortec, Kelley focused on the evaluation and execution of buyout and strategic add-on investments across a range of industries. Prior to Cortec, Kelley worked as an investment banking Analyst at Piper Sandler, where she focused on strategic and sponsor-related M&A within the healthcare services sector. Kelley began her career in PricewaterhouseCoopers’ Deal Advisory practice.

Kelley received a BS in Accounting and Finance from Lehigh University.

Scott Wright

Senior Associate

Scott Wright is a Senior Associate at Gemspring Capital.

Prior to Gemspring, Scott was an Associate at H.I.G. Capital, where he focused on the evaluation and execution of buyout and strategic add-on acquisitions across a variety of industries. Prior to H.I.G., Scott worked as an investment banking Analyst at Citigroup, executing M&A and capital markets transactions.

Scott received a BBA with high distinction in Finance from the University of Michigan.

Raymond Zhao

Senior Associate

Raymond Zhao is a Senior Associate at Gemspring Capital.

Prior to Gemspring, Ray was a Senior Associate at D Cubed Group, a middle market private equity firm based in New York. While at D Cubed, Ray evaluated and executed a number of platform investments and strategic add-ons, primarily within the consumer and business services sectors. Prior to D Cubed, Ray worked as an investment banking Analyst at Jefferies, where he focused on M&A, leveraged buyouts, and capital raises within the healthcare sector.

Ray received a BBA with high distinction in Finance and Accounting from the University of Michigan.

Brian Abt

Associate

Brian Abt is an Associate at Gemspring Capital.

Prior to Gemspring, Brian was an investment Analyst at Five Elms Capital. While at Five Elms, Brian focused on sourcing, evaluating, and executing investments in software businesses. Prior to Five Elms, Brian attended Yale SOM as part of the early MBA Silver Scholars program.

Brian received a BS in Chemical Engineering from the University of Virginia.

Colin Minicus

Associate

Colin Minicus is an Associate at Gemspring Capital.

Prior to Gemspring, Colin was an investment banking Associate in J.P. Morgan’s Healthcare group in San Francisco, where he focused on M&A advisory and capital markets transactions. Prior to J.P. Morgan, Colin was an Analyst in the Structured Products Banking group at Cantor Fitzgerald.

Colin received a BA in Economics from Amherst College.

Heather Pascanik

Associate

Heather Pascanik is an Associate at Gemspring Capital.

Prior to Gemspring, Heather was as an investment banking Analyst in the M&A group at William Blair. While at William Blair, Heather focused on transaction advisory across a range of industries.

Heather received a BA in Economics from the University of Virginia and an MS in Management from the Fuqua School of Business at Duke University.

Matt Troiani

Associate

Matt Troiani is an Associate at Gemspring Capital.

Prior to Gemspring, Matt was an Associate at Cohen & Company Capital Markets (“CCM”). While at CCM, Matt focused on a wide array of transactions spanning M&A, equity and debt raises, special situations and DeSPACs.

Matt received a BA in East Asian Studies from Princeton University.

Dimitri Wheeler

Associate

Dimitri Wheeler is an Associate focused on software investments at Gemspring Capital.

Prior to Gemspring, Dimitri was an investor at KKR, a global investment firm, where he focused on evaluating and executing both minority and majority investments across the enterprise software and internet sectors. Prior to KKR, Dimitri worked at Goldman Sachs in the TMT group, delivering financing and M&A advisory services to public software and media businesses.

Dimitri received a BS in Finance from Brigham Young University.

John O’Doherty

Analyst
Business Development

John O’Doherty is an Analyst at Gemspring Capital.

Prior to joining the firm as an Analyst, John interned with Gemspring assisting in marketing efforts and other ad-hoc projects supporting the Business Development team.

John received a BA in Finance and Analytics from Sacred Heart University.

Adrienne Cerulo

Assistant Controller

Adrienne Cerulo is an Assistant Controller at Gemspring Capital.

Prior to Gemspring, Adrienne was the Controller at Longroad Asset Management, a private equity firm focused on acquiring controlling positions in financially distressed companies. While at Longroad, Adrienne handled management company and fund accounting duties in addition to assisting with limited partner relationships. Prior to Longroad, Adrienne held other accounting positions at Weston Capital Management, a fund-of-funds, and UBS Investment Bank, where she supported the Fixed Income group.

Adrienne received an MS and BS in Accounting, summa cum laude, and an MBA from the University of Connecticut. She is a Certified Public Accountant registered in Connecticut.

Yanna Hebel

Assistant Controller

Yanna Hebel is an Assistant Controller at Gemspring Capital.

Prior to Gemspring, Yanna was Head of Vendor Accounting Operations at Point72 leading month end close, accounts payable, T&E, and business tax functions for management companies and investment ventures globally and domestically. Prior to Point72, Yanna held accounting leadership roles at Crius Energy and Early Advantage.

Yanna received a BS in International Business and Accounting, summa cum laude, from the University of Bridgeport and an MBA from Fairfield University.

Brian Kantor

Assistant Controller

Brian Kantor is an Assistant Controller at Gemspring Capital.

Prior to Gemspring, Brian was the Assistant Controller at First Eagle Investments, a private equity firm specializing in direct lending, distressed credit, and tradeable credit strategies. While at First Eagle, Brian handled fund accounting and financial reporting for public entities and private partnerships. Prior to First Eagle, Brian was a Senior Manager at PricewaterhouseCoopers, where he served a variety of clients primarily focused on private equity, private debt, and other alternative investment strategies. Brian began his career at Rothstein Kass & Co as an auditor serving financial services companies.

Brian received a BBA in Accounting from the University of Notre Dame. He is a Certified Public Accountant registered in New Jersey and New York.

Eileen O’Connor

Accounting

Eileen O’Connor is in Accounting at Gemspring Capital.

Eileen received a BA in Accounting from Assumption College.

Amanda Groves

Executive Assistant

Amanda Groves is an Executive Assistant at Gemspring Capital.

Prior to Gemspring, Amanda worked as a personal assistant to various families for several years.

Amanda graduated from Lincoln Technical Institute with honors.

Morgan Papp

Executive Assistant

Morgan Papp is an Executive Assistant at Gemspring Capital.

Prior to Gemspring, Morgan worked as an Executive Assistant at H/2 Capital Partners.

Morgan received a BS in Business Administration from the University of Connecticut.

Devon Weiss

Executive Assistant

Devon Weiss is an Executive Assistant at Gemspring Capital.

Prior to Gemspring, Devon held multiple roles as an Executive Assistant, Office Manager, and Project Coordinator for executives in the architecture, real estate, and design industries.

Devon attended Santa Monica College.

PORTFOLIO

A10 Capital

AMPAM

Amplix logo

Amplix

Bobit Business Media

Bobit Business Media

Bradford

Bridgeway Connects

Carr & Duff Electrical Construction logo

Carr & Duff

Cforia

ClearCompany

Crafty Apes

Crafty Apes

Fenceworks

Golden Source logo

GoldenSource

Insurvia logo

Insurvia, LLC

JTI logo

JTI

Mantis Innovation

Mantis

Midland

OCI Division logo

OCI

Opexus logo

OPEXUS

Outform

Radancy

Radancy

ROR Logo

ROR Partners

Security 101

Shrieve Chemical Company

Shrieve Chemical Company

Sigga

Sigga Technologies

Skyline

Skyline Displays

Sparkstone Electrical Group

Therma

Therma Holdings

United Group Programs

United Group Programs

Valant Medical Solutions

Valant Medical Solutions

Wireless Vision

Wireless Vision

Zavation

Zavation

A10 Capital

Status: Active
Sector: Financial Services
Investment Date: May 2018
HQ: Boise, ID
www.a10capital.com

A10 is a leading provider of commercial real estate mortgage solutions in the United States. A10’s broad offering of transitional and permanent loan products covers the entire commercial property life cycle and borrowers benefit from A10’s full-service platform, which includes in-house underwriting, legal, and servicing.

Please contact Alex Shakibnia for add-on acquisition opportunities.

AMPAM

Status: Active
Sector: Industrial Services
Investment Date: August 2023
HQ: Carson, CA
www.ampam.com

Founded in 1997, AMPAM is a full-service provider of design-build plumbing and HVAC solutions serving the multifamily end market. The company’s offerings include design-build, pre-fabrication, installation, and post-installation services. AMPAM has delivered operational excellence to its customers for over 20 years and is considered the premier plumbing provider amongst leading multifamily general contractors and developers.

Please contact Ravdeep Chanana for add-on acquisition opportunities.

Amplix

Status: Active
Sector: Business Services
Investment Date: November 2022
HQ: Norwood, MA
www.amplix.com

Amplix is a leading provider of technology advisory services, leveraging technical expertise and deep relationships throughout the technology vendor landscape to deliver optimized outcomes for customers across their entire technology infrastructure. Amplix’s services include data connectivity, cloud telephony, customer experience, security and managed services, business continuity, cloud optimization, and data center solutions.

Please contact Zubin Malkani for add-on acquisition opportunities.

Bobit Business Media

Status: Active
Sector: Business Services
Investment Date: November 2018
HQ: Torrance, CA
www.bobitbusinessmedia.com

Bobit Business Media is a leading provider of digital media and marketing solutions, events and print media. The company has a leading market position in each of the niche verticals it operates – fleet, transportation, beauty and law enforcement – serving a large customer base of over 1,700 B2B marketers. By leveraging its deep and entrenched audience, proprietary database and strong editorial capabilities, Bobit delivers highly targeted marketing solutions to each of its customers.

Please contact Aron Grossman for add-on acquisition opportunities.

Bradford

Status: Active
Sector: Specialty Manufacturing
Investment Date: June 2023
HQ: West Warwick, RI
www.bradfordsoap.com

Founded in 1876, Bradford is a developer, formulator, and manufacturer of beauty & personal care products. Bradford is a marketplace leader in supplying specialty soap, shampoo bars, conditioner bars, shower poufs, facial cleansing sticks, and a variety of other beauty & personal care items to both large-scale CPGs as well as emerging brands across the specialty market.

Please contact Kristin Steen for add-on acquisition opportunities.

Bridgeway Connects

Status: Active
Sector: Industrial Services
Investment Date: May 2021
HQ: Pittsburgh, PA
www.bridgewayconnects.com

Bridgeway Connects (f/k/a Transport Investments) is an asset-light transportation and logistics company. As one of the largest carrier groups in the United States and Canada, Bridgeway offers heavy haul, flatbed, specialty and van transportation, brokerage and logistics services. The Company currently handles an annual volume of over 250,000 loads and is positioned to capture substantial growth through its network of nationwide terminals, owner-operators and carriers.

Please contact Geoff Broglio for add-on acquisition opportunities.

Carr & Duff

Status: Active
Sector: Industrial Services
Investment Date: March 2022
HQ: Huntingdon Valley, PA
www.carrduff.com

Carr & Duff is a leading specialty electrical services provider of value added electrical construction and maintenance services to commercial, institutional, utility and industrial clients. Through 60+ years of business history, the Company has built a trusted reputation for tackling complex electrical contracting projects in the Greater Philadelphia area and throughout the East Coast.

Please contact Rav Chanana for add-on acquisition opportunities.

Cforia

Status: Realized. Acquired by HighRadius Corporation.
Sector: Software
Investment Date: July 2020
HQ: Westlake Village, CA
www.cforia.com

Cforia is a leading provider of order-to-cash automation software focused on improving collections and cash management for B2B customers globally. The Cforia platform was designed to help companies accelerate the conversion of accounts receivable to cash in order to better manage credit exposure and reduce cost of capital and expense. Cforia’s success has been driven by superior technology that leverages proprietary, real-time data integration tools that work across complex and disparate ERP systems.

ClearCompany

Status: Active
Sector: Software
Investment Date: September 2023
HQ: Boston, MA
www.clearcompany.com

ClearCompany is a horizontal provider of Human Capital Management (HCM) software. The company provides an end-to-end suite of solutions to facilitate employee recruiting, onboarding, and performance management for mid-market businesses.

Please contact D.J. Andrzejewski for add-on acquisition opportunities.

Crafty Apes

Status: Active
Sector: Tech-Enabled Services
Investment Date: October 2019
HQ: Los Angeles, CA
www.craftyapes.com

Crafty Apes is a full-service visual effects company with studios in Los Angeles, Atlanta and New York. Crafty Apes provides set supervision, VFX consultation, 2D and 3D compositing, digital cosmetics and computer-generated imagery to film, episodic and commercial video production customers.

Please contact Geoff Broglio for add-on acquisition opportunities.

Fenceworks

Status: Active
Sector: Industrial Services
Investment Date: November 2023
HQ: Riverside, CA
www.fenceworks.us

Founded in 1984, Fenceworks is a leading fencing installer and distributor serving the nation’s largest homebuilders as well as general contractors and local fencing providers. For nearly 40 years, Fenceworks has developed a deep expertise in wood, vinyl, iron, glass and other high-quality fencing materials. The company provides services across the entire project lifecycle, including engineering and design, procurement, prefabrication and installation.

Please contact Geoff Broglio for add-on acquisition opportunities.

GoldenSource

Status: Active
Sector: Software
Investment Date: May 2022
HQ: New York, NY
www.thegoldensource.com

GoldenSource is a provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions for financial services customers.  GoldenSource’s offerings help some of the world’s largest and most prominent investments banks, asset managers, and capital markets services firms manage and derive insights from their data, including equity and debt securities, customers, entities, and other data types.

Please contact Reid Litowitz for add-on acquisition opportunities.

Insurvia, LLC

Status: Realized. Acquired by an affiliate of BharCap Partners.
Sector: Insurance Services
Investment Date: October 2018
HQ: Las Vegas, NV
www.insurvia.com

Insurvia is an insurance services holding company with subsidiaries including Fiesta Insurance, a leading retail franchisor of insurance products and services and La Familia Insurance, an independent insurance agency distributing insurance and related services through retail storefronts in Texas.

JTI

Status: Active
Sector: Facility Services
Investment Date: December 2021
HQ: Bakersfield, CA
www.jtielectric.com

JTI is a full-service, design-build mechanical and electrical solutions provider that focuses on complex agricultural processing systems, high and medium voltage electric systems, and bespoke, fully-integrated panels and process controls. Primary customers are in the agribusiness, food and beverage, energy, building products, and heavy manufacturing industries. Services include design, engineering, installation, maintenance, and specialty fabrication of electrical and mechanical systems for industrial processing applications.

Please contact Ravdeep Chanana for add-on acquisition opportunities.

Mantis

Status: Active
Sector: Facility Services
Investment Date: December 2021
HQ: Houston, TX
www.mantisinnovation.com

Mantis is a tech-enabled service provider that works with customers to deliver better building performance and improved energy efficiency. The company offers a full suite of services, including: energy procurement and demand management; solar, roofing, building envelope, and pavement, design, assessment and maintenance; and LED lighting, HVAC/mechanical and building automation systems implementation.

Please contact Don Gerne for add-on acquisition opportunities.

Midland

Status: Active
Sector: Industrial Services
Investment Date: September 2023
HQ: Kansas City, MO
www.midlandindustries.com

Founded in 1919, Midland is a value-added distributor and manufacturer of fittings, valves, clamps, hoses, and related products for a wide variety of manufacturing, plumbing, utilities, HVAC, fluid power, and other general industrial end markets. Providing mission-critical parts for a diverse set of applications, Midland is a crucial supply chain partner to customers across the industrial ecosystem.

Please contact Geoff Broglio for add-on acquisition opportunities.

OCI

Status: Active
Sector: Specialty Manufacturing
Investment Date: May 2023
HQ: Brookville, PA
www.ocidivision.com

Founded in 1998, OCI is a manufacturer of custom-built drilling components for the infrastructure and construction end markets. OCI is a marketplace leader in supplying micropile casing, drill string, hammers and bits, augurs, core barrels, swivels, and other customized products to geotechnical service companies and drilling contractors.

Please contact Jay Reynolds for add-on acquisition opportunities.

OPEXUS

Status: Active
Sector: Software
Investment Date: November 2021
HQ: Washington, D.C.
www.opexustech.com

OPEXUS (f/k/a AINS) is a leading provider of case management software solutions and IT services for government agencies and other public sector organizations. The OPEXUS software enables organizations to streamline and automate workflows across a wide variety of use cases, spanning FOIA (Freedom of Information Act), audits, investigations, human resources, and contract management.

Please contact Michael Fan for add-on acquisition opportunities.

Outform

Status: Active
Sector: Business Services
Investment Date: July 2019
HQ: Chicago, IL
www.outform.com

Outform (f/k/a Rapid Displays) is a leading provider of technology infused, end-to-end custom merchandising solutions for point-of-purchase displays, including creative design, engineering, prototyping, production, and logistics. Outform serves a diverse range of retailers and consumer brands, and the Company’s international footprint throughout the U.S. as well as in Europe, Israel, and China enables a one-stop global execution for customers.

Please contact Alex Shakibnia for add-on acquisition opportunities.

Radancy

Status: Acquired by an affiliate of New Mountain Capital. Gemspring maintains a minority investment in the business.
Sector: Software and Tech Enabled Services
Investment Date: April 2018
HQ: New York, NY
www.radancy.com

Radancy (f/k/a TMP Worldwide) is a global talent technology leader focused on intelligently solving the most critical challenges for employers and delivering results that strengthen their organizations. Through its unified Platform, augmented by rich data and deep industry expertise, Radancy is revolutionizing how employers attract and hire the talent they need.

Please contact Ravdeep Chanana for add-on acquisition opportunities.

ROR Partners

Status: Active
Sector: Business Services
Investment Date: November 2022
HQ: Las Vegas, NV
www.rorpartners.com

ROR is a leading, tech-enabled provider of omni-channel marketing services to location-based businesses in the US. ROR leverages proprietary algorithms and unique data sets to optimize marketing placement and audiences to drive exceptional return on advertising spend for its clients.

Please contact Zubin Malkani for add-on acquisition opportunities.

Security 101

Status: Active
Sector: Facility Services
Investment Date: December 2021
HQ: West Palm Beach, FL
www.security101.com

Security 101 is a leading provider of integrated security solutions to a diverse set of customers. The Company delivers a full-service offering of security services and products including the design, installation, and maintenance of access control, video surveillance, intrusion detection, and visitor management solutions. Security 101 has a national presence and focuses on key end markets including healthcare, education, critical infrastructure, government and commercial facilities.

Please contact Alex Shakibnia for add-on acquisition opportunities.

Shrieve Chemical Company

Status: Active
Sector: Industrial Services
Investment Date: December 2019
HQ: The Woodlands, TX
www.shrieve.com

Shrieve is a value-added marketer of industrial chemicals, performance fluids and specialty lubricants. The company markets and sells over 700 products into more than 40 countries with support from manufacturing and research and development facilities in North America and Asia. Since its founding in 1978, Shrieve has been known for its market knowledge, consistency of supply, exceptional customer support and service, broad product slate and logistics capabilities.

Please contact Geoff Broglio for add-on acquisition opportunities.

Sigga Technologies

Status: Active
Sector: Software
Investment Date: December 2020
HQ: Sugar Land, TX
www.sigga.com

Sigga is a leading provider of Enterprise Asset Management (“EAM”) software, offering a comprehensive suite of solutions that fully integrate with SAP and enable asset-intensive businesses to more efficiently manage their maintenance and repair operations. Sigga’s success has been driven by its superior, purpose-built technology that is designed to directly address the needs of maintenance personnel and has been refined through Sigga’s two decades of experience in the EAM space.

Please contact Stephen Reynolds for add-on acquisition opportunities.

Skyline Displays

Status: Active
Sector: Business Services
Investment Date: January 2020
HQ: Eagan, MN
www.skyline.com

Skyline Displays is a leading provider of displays, exhibits and services for trade shows and large corporate events. It is a vertically integrated business with exhibit and display design and manufacturing capabilities as well as asset management, installation and dismantling, and equipment rental services. Skyline’s customers are seamlessly served across the United States and internationally through its network of more than 75 locations, including 27 Skyline-owned retail centers, four regional service centers, and 45 independent dealers.

Please contact Don Gerne for add-on acquisition opportunities.

Sparkstone Electrical Group

Status: Active
Sector: Specialty Manufacturing
Investment Date: January 2023
HQ: Elmhurst, IL
www.chiswbd.com

Founded in 1936, Sparkstone Electrical Group (f/k/a Chicago Switchboard) is a specialty manufacturer of custom-built electrical power distribution equipment. Sparkstone is a marketplace leader in providing switchgears, switchboards, panel boards and other electrical distribution equipment to commercial, institutional, infrastructure and manufacturing clients.

Please contact Jay Reynolds for add-on acquisition opportunities.

Therma Holdings

Status: Realized. Acquired by an affiliate of The Blackstone Group.
Sector: Facility Services
Investment Date: June 2017
HQ: San Jose, CA
www.therma.com

Therma Holdings is a full-service, design-build mechanical and electrical solutions provider that focuses on complex HVAC systems, high purity process piping and process controls. Primary customers are in the bio-pharmaceutical, semiconductor, data center, electronics, education and internet/software industries. Services include design, installation and maintenance of HVAC and energy efficiency systems, piping for water, gas, lab waste, compressed air and other processes, air balancing, modular skids, building information modeling and custom fabrication.

United Group Programs

Status: Active
Sector: Insurance Services
Investment Date: December 2016
HQ: Newtown, PA
www.ugpinc.com

United Group Programs is a Third-Party Administrator (“TPA”) and Managing General Agent (“MGA”) that designs, markets, and administers healthcare benefit products and services including gap, limited medical, minimum essential coverage and self-funded major medical. Established in 1968, the company has a long track record of offering comprehensive solutions and industry-leading service to brokers and employer groups.

Please contact Alex Shakibnia for add-on acquisition opportunities.

Valant Medical Solutions

Status: Realized. Acquired by an affiliate of Resurgens Technology Partners.
Sector: Software
Investment Date: April 2019
HQ: Seattle, WA
www.valant.com

Valant is a leading provider of electronic health record and practice management software for the behavioral health market. Built with the specific needs of mental health professionals in mind, the company’s cloud-based software enables practitioners to efficiently schedule, document, and bill patients from a single, seamlessly integrated offering. Valant serves over 2,000 private practices and 12,000 behavioral health professionals across the United States.

Wireless Vision

Status: Active
Sector: Business Services
Investment Date: December 2020
HQ: Bloomfield Hills, MI
www.wirelessvision.com

Wireless Vision is the largest T-Mobile Exclusive Retailer in the country, operating more than 600 T-Mobile-branded retail stores in 27 states. Established in 2004 and based in Bloomfield Hills, Michigan, the company is dedicated to providing the finest-quality products and highest level of service to its customers.

Please contact Geoff Broglio for add-on acquisition opportunities.

Zavation

Status: Active
Sector: Healthcare
Investment Date: June 2021
HQ: Flowood, MS
www.zavation.com

Headquartered in Flowood, Mississippi, Zavation designs and manufactures a comprehensive portfolio of spinal hardware and biologics that provide medical solutions to improve and enhance quality of life for patients around the world. The company serves nearly 400 hospitals and ambulatory surgical centers through a network of over 300 distributors and approximately 100 employees.

Please contact Don Gerne for add-on acquisition opportunities.