Parent Of Two Retail Energy Brokers Acquired By PE Firm

Gemspring Capital, a middle-market private equity firm, announced that an affiliate has acquired a majority interest in Mantis Innovation Group, LLC ("Mantis"), the parent of the broker-consultants which previously operated under the brands Patriot Energy and EMEX but which recently adopted the Mantis branding for their operations. Mantis also provides tech-enabled facility services, primarily for commercial, industrial, and government customers

"Headquartered in Houston, Texas, Mantis provides solutions to deliver better building performance and improved energy efficiency for its customers. The company relies on proprietary software tools to offer a full suite of services, including: energy procurement and demand management; solar, roofing, building envelope and pavement assessment and maintenance; and LED lighting, HVAC/mechanical and building automation systems design and implementation," Gemspring said

Mantis CEO Dan Marzuola stated, "We are excited to partner with Gemspring and believe that its operational expertise, network of advisors, and M&A support will help us strengthen our platform and sustain our growth trajectory. We look forward to continuing to expand our service offerings and customer base by re-investing in our go-to-market and customer support organizations, as well as the Mantis Perform technology platform."

Mantis said that it offers a full suite of services, including: energy procurement and demand management; solar, roofing, building envelope, and pavement, design, assessment and maintenance; and LED lighting