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.
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
Managing Partner
D.J. Andrzejewski
Managing Director
Malcolm Appelbaum
Managing Director,Chief Financial Officer

Geoff Broglio
Managing Director
Ravdeep Chanana
Managing Director
Charlie Fraas
Managing Director,Portfolio Operations

Don Gerne
Managing Director
Aron Grossman
Managing Director
Zubin Malkani
Managing Director
Michael McCulloch
Managing Director
Jay Reynolds
Managing Director
Alex Shakibnia
Managing Director
Matt Shuman
Managing Director,Business Development

Russ Spieler
Managing Director
Kristin Steen
Managing Director
Jack Tucker
Managing Director,Chief Operating Officer

Dan Andrews
Principal
Michael Fan
Principal
Chirag Hirawat
Principal
John Ross
Principal
Kathy Calio
Director,Operations

Courtney Hamlin
Director,Investor Relations

John Lavin
Director,Business Development

Connor O’Byrne
Director,Business Development

Matt Reibl
Director,Portfolio Operations

Karl Rodger
Director,Business Development

Matt Tharp
Director,Portfolio Operations

Greg Barnes
Vice President
Alex Crowe
Vice President
Kelsey Curtis
Vice President,Business Development

Howy Fang
Vice President
Thomas Henry
Vice President
Reid Litowitz
Vice President
Chris Lloyd
Vice President
David Muckey
Vice President
Stephen Reynolds
Senior Associate
Jack Shannon
Senior Associate
James Simpson
Senior Associate
Kelley Weibezahl
Senior Associate
Kenny Fitzpatrick
Associate
Lucas Pulliza
Associate
Adrian Roth
Associate
Michelle Santos
Associate
Gardiner Schroeder
Associate
Jaipal Silla
Associate
Tatenda Zenenga
Associate
Raymond Zhao
Associate
Adrienne Cerulo
Assistant Controller
Jordan Woessner
Administrative Director
Amanda Groves
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