O2 Investment Partners (O2) has sold its portfolio company, Mantis Innovation Group (Mantis) to Gemspring Capital (Gemspring).
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.
Since O2’s initial investment in May 2018, O2 and management have created significant value through organic and inorganic growth initiatives, with a consistent focus on developing and utilising best-in-class software-enabled solutions. Mantis completed and integrated four add-on acquisitions, enhancing and diversifying the Company’s service offerings, customer base, and geographic reach.
