Grand Valley Holdings and Gemspring Capital Acquire OCI
September 27, 2023
Grand Valley Holdings and an affiliate of Gemspring Capital Management have acquired OCI, LLC, a Brookville, Pennsylvania-based manufacturer of custom foundation drilling components serving infrastructure and construction/geotechnical contractors. Gemspring's investment was made through Gemspring Growth Solutions I as a flexible, non-control capital partner; financial terms were not disclosed. The company, founded in 1998, has more than 70 employees and the buyers plan to expand OCI's footprint and service offerings.
- Buyers
- Grand Valley Holdings, LLC, Gemspring Capital Management, LLC (affiliate)
- Targets
- OCI, LLC
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
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 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 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 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.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.