Good Springs Capital Invests in Tectonic Engineering

Good Springs Capital Invests in Falasca Mechanical

October 27, 2025

HVAC & Mechanical

Entities managed by Good Springs Capital have completed a growth investment in Falasca Mechanical, a Vineland, New Jersey-based provider of HVAC, mechanical and plumbing services to education, healthcare and commercial & industrial end markets. The Falasca family and senior management will remain in place; Good Springs said the capital will support a third-generation succession, organic growth and pursuit of strategic add-on acquisitions.

Good Springs Capital Invests in Kimbel Mechanical Systems

July 1, 2024

HVAC & Mechanical

Good Springs Capital LP has completed an investment in Kimbel Mechanical Systems, a Fayetteville, Arkansas-based mechanical contractor offering plumbing, HVAC, and electrical services. The Kimbel family and senior management will remain significant owners and operators as Good Springs partners with the company to accelerate growth and pursue a focused acquisition strategy across its multi-state footprint.

Gemspring Capital Acquires Majority Stake in JTI Electrical & Instrumentation

January 3, 2022

Industrial Services

Gemspring Capital Management affiliate has acquired a majority interest in JTI Electrical & Instrumentation, a Bakersfield, California-based provider of electrical, mechanical, and automation services to industrial processing facilities. The founder-led management team will remain in place and retain an ownership stake as Gemspring plans to support growth through capability expansion, geographic penetration, and strategic acquisitions.

Blackstone Energy Partners Makes Majority Investment in Geosyntec Consultants

May 10, 2022

Engineering Services

Blackstone Energy Partners has agreed to make a majority investment in Geosyntec Consultants, a global environmental engineering and design consulting firm. The capital will support Geosyntec’s growth—including strategic acquisitions, recruiting, and geographic expansion—while terms were not disclosed.

Gemspring Capital Acquires Midland Industries

May 5, 2023

Industrial Services

Gemspring Capital Management affiliate has acquired Midland Industries, a Kansas City-based manufacturer and distributor of pipe, valve, and fitting products across North America. Existing investor Wynnchurch Capital sold a stake but retained a minority interest and coinvested alongside Gemspring; financial terms were not disclosed.

XGS Energy Acquires Capuano Engineering Company

July 9, 2024

Energy

XGS Energy has acquired Capuano Engineering Company to integrate world-class geothermal drilling and completion expertise into its development and deployment of closed-loop geothermal technology. Capuano Engineering will operate as a subsidiary and continue servicing traditional geothermal projects while supporting XGS’s proprietary Thermal Reach Enhancement (TRE) systems and global project build-out.