North Carolina-based private equity firm Falfurrias Management Partners has made a growth investment in capSpire, a provider of commodity and energy trading and risk management services for large portfolios of energy and commodities physical and financial assets.
Equity for the investment comes from Falfurrias Growth Partners I, a growth buyout strategy launched by Falfurrias in 2023 and builds on the firm’s experience in the commodity services sector.
As part of the transaction, Gravitate, a provider of supply chain software for the energy and commodity industries that was formerly a subsidiary of capSpire, has been separated into a standalone entity, also receiving a growth investment from Falfurrias.
According to a press statement, the financing will help capSpire to “drive significant scale, expand offerings, and increase geographic coverage”.
Founded in 2009 and based in Tulsa, Oklahoma, capSpire provides C/ETRM services for commodity-focused organisations across North America, Europe, and Asia. The company supports C/ETRM software platforms across all material platforms and software providers. As well as C/ETRM platform integration services, the company offers operations support.
Hall Estill, Philip Lee and Lopp Law Firm advised capSpire, while McGuireWoods advised Falfurrias.
