Gemspring Capital-backed Zavation to acquire CoreLink from The Stephens Group.

Gemspring Capital-backed Zavation, an industrial equipment supplier in Jackson, Mississippi, agreed to acquire CoreLink, a provider of spinal implant and instrumentation systems, from The Stephens Group, a private equity firm. Financial terms were not disclosed. "Through this transformative combination, Zavation and CoreLink will be able to provide an expanded product suite and enhanced capabilities to remain hyper-responsive to the needs of customers and partners across the country. We share a vision with Jeffrey, Jay and the entire management team to be the partner of choice for best-in-class spinal surgical solutions, and we are confident this step will position the business for long-term growth and continued success," Don Gerne, Gemspring Managing Director.