Gemspring Capital to acquire Mantis Innovation from O2 Investment.

Gemspring Capital, a private equity firm, agreed to acquire Mantis Innovation, a developer and operator of an energy marketing exchange platform intended for commercial, industrial and government clients, from O2 Investment, a private equity firm. Financial terms were not disclosed. "We see building owners seeking to shift from reactive to preventative and predictive asset management, as well as a strong desire to reduce energy consumption. Mantis’ broad suite of value-added services and tech-enabled solutions position the Company very well to support these building owners as the go-to provider of managed facility and energy services. We are delighted to partner with the Mantis team to build on their successes to date and accelerate the Company’s growth," Don Gerne, Gemspring Managing Director.