Gemspring Capital
Lower middle-market private equity firm providing flexible capital solutions across multiple sectors, with dedicated software investment team and $2.1B in aggregate commitments.
Investment Requirements
Company Overview
Gemspring Capital
What They Buy
- Target: Lower middle-market companies across diverse sectors
- Size: Up to $500M revenue companies
- Sectors: Software, tech-enabled services, healthcare, financial services, industrials
- Structure: Flexible capital solutions (LBOs, growth equity, recaps, carve-outs)
- Geography: United States and Canada primarily
- Approach: Hands-on growth acceleration, strategic acquisitions
Recent Major Investments
- Telna: eSIM connectivity solutions for roaming and IoT (May 2024)
- Appriss Retail: Software solutions for retail industry
- Amplix: Technology services platform
- A10 Capital: Financial services technology
- Airswift Global: Business services technology
Track Record
- Founded: 2015 by Bret Wiener (ex-H.I.G. Capital)
- Leadership: Bret Wiener (Founder & CEO, 125+ acquisitions experience)
- Scale: $2.1B aggregate commitments (Fund III: $1.7B, Growth Fund I: $400M)
- Team: 50+ people, 20+ Managing Directors
- Portfolio: 25 platform investments, 41 add-on acquisitions
- Software Focus: Dedicated software investment team led by Aron Grossman (Principal)
Portfolio Companies
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Last updated: October 6, 2025
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