Gemspring Affiliate Acquires Majority Stake in Zavation Medical Products

Gemspring-backed Zavation Medical Products Acquires ChoiceSpine Holdings

February 26, 2026

Medical Devices

Zavation Medical Products, a portfolio company of Gemspring Capital, acquired ChoiceSpine Holdings, a Knoxville, Tennessee designer and manufacturer of spinal implant systems. ChoiceSpine will maintain its brand and operations as the companies work toward a unified organization; terms were not disclosed.

Zavation Acquires CoreLink

June 26, 2023

Medical Devices

Zavation Medical Products, a portfolio company of Gemspring Capital, has acquired CoreLink, a vertically integrated spinal implant and instrumentation manufacturer, from The Stephens Group. The Stephens Group retains a minority stake; the combined business will be led by Zavation CEO Jeffrey Johnson with CoreLink CEO Jay Bartling serving as chairman, and the deal aims to expand the platform's product suite, manufacturing capabilities (including additive Mimetic Metal technology) and clinical education resources.

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 Mantis Innovation Group

December 16, 2021

Industrial Services

Gemspring Capital (via an affiliate) has acquired a majority interest in Mantis Innovation Group from O2 Investment Partners. Mantis, a Houston-based tech-enabled facility services provider focused on energy efficiency and building performance, will partner with Gemspring to accelerate platform growth, expand services, and pursue additional M&A.

Gemspring Capital Recapitalizes Wireless Vision in Partnership with Management

January 6, 2021

Retail

Gemspring Capital led a recapitalization of Wireless Vision, the largest independent T-Mobile retailer, partnering with CEO Saber Ammori, President Mark Denha and other members of management. Goldman Sachs Lending Partners, Bardin Hill Investment Partners and Falcon Investment Advisors provided financing to support the transaction as Gemspring and management pursue further growth across the company's nationwide retail footprint.

Gemspring Capital Invests in Valant Medical Solutions

April 9, 2019

Cloud & SaaS

Gemspring Capital (via an affiliate) completed a strategic growth investment in Valant Medical Solutions, a Seattle-based provider of behavioral health electronic health record (EHR) and practice management SaaS used by over 2,000 practices and 12,000 behavioral health professionals. The capital will be used to accelerate product development, expand sales and marketing capabilities, and support the company’s continued growth across the U.S.