Announced
Completed
Financials
Tags
Single Bidder
Machinery: Industrial
Private
United States
Majority
Acquisition
Domestic
Friendly
Completed
insutrial systems
Private Equity
Synopsis
Gemspring Capital, a middle-market private equity firm, completed the acquisition of JTI Electrical & Instrumentation, a provider of electrical engineering services. Financial terms were not disclosed. "Jason and his team have built an incredible business, and we believe JTI is truly a differentiated market player and a trusted strategic partner for its customers. We are excited to invest in the Company behind its track record of strong organic growth driven by best-of-breed scale and technical capabilities, unmatched domain knowledge, and outstanding customer service. We look forward to partnering with the management team as JTI continues to deliver exceptional value to its customers, build its team, and pursue strategic acquisitions," Ravdeep Chanana, Gemspring Principal.
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