Grand Valley Holdings and Gemspring Capital Acquire OCI

OCI Merges with GMS Piling

August 5, 2025

Manufacturing

OCI, a portfolio company of Gemspring Capital (and Grand Valley Holdings per one release), has merged with GMS Piling Products, a Wilkes-Barre, Pennsylvania-based manufacturer of steel micropiles and deep-foundation products. The transaction (terms not disclosed) creates an integrated platform with four U.S. manufacturing facilities, expanding OCI's product portfolio, coast-to-coast capabilities and micropile fabrication capacity.

OCI Acquires DRILLTOOLS

September 27, 2024

Manufacturing

OCI, LLC, a Brookville, Pennsylvania-based manufacturer and portfolio company of Grand Valley Holdings and Gemspring Capital, has acquired DRILLTOOLS, a Kilgore, Texas-based manufacturer of rotary drilling tools and excavation products. The acquisition expands OCI's product suite, manufacturing capabilities, and technical expertise to better serve infrastructure, utility, and commercial contractors; DRILLTOOLS will continue to operate from its Texas headquarters.

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.

Gemspring Capital Acquires GoldenSource

May 17, 2022

Data & Analytics

Gemspring Capital (through an affiliate) has acquired GoldenSource Corp., a New York City–headquartered provider of enterprise and master data management software and related cloud hosting/managed services for financial services firms. GoldenSource, founded in 1984 with about 380 employees, will partner with Gemspring to accelerate product innovation, organic growth, and pursue strategic acquisitions to address rising demand from banks, asset managers, and capital markets firms.

Gemspring Capital Acquires ClearCompany

September 20, 2023

Cloud & SaaS

Gemspring Capital Management (through an affiliate) has acquired a majority interest in ClearCompany Holdings, Inc., a provider of talent management / human capital management (HCM) software. Financial terms were not disclosed; Gemspring said it will partner with ClearCompany's management to expand the customer base, enhance product offerings, and accelerate growth.

Gemspring Capital Acquires Goodyear Chemical (Goodyear Polymer Chemicals Business)

May 22, 2025

Manufacturing

Gemspring Capital (through an affiliate) has acquired The Goodyear Tire & Rubber Company's polymer chemicals business, including manufacturing plants in Houston and Beaumont, Texas, and an R&D facility in Akron, Ohio. Goodyear will retain certain chemical facilities in Niagara Falls, New York and Bayport, Texas; Gemspring plans to operate the acquired business as a standalone platform to accelerate product development, expand into adjacent chemical categories, and pursue growth through investment and strategic acquisitions.