Gemspring Capital Invests in Sitemetric
WESTPORT, Conn., Feb. 12, 2025 /PRNewswire/ -- Gemspring Capital Management, LLC ("Gemspring"), a middle-market private equity firm, is pleased to announce a strategic investment in Sitemetric, LLC ("Sitemetric"). Sitemetric is a leading provider of jobsite security, safety, and workforce management solutions for the construction industry. The investment was made by Gemspring Growth Solutions I ("GGS I"), a fund dedicated to providing flexible, non-control capital solutions to middle market businesses. Terms of the transaction were not disclosed.
Sitemetric, headquartered in Houston, Texas, offers a comprehensive solution that enables general contractors and site owners to obtain real-time visibility into onsite personnel access, uphold critical security and safety standards, and provide insights that optimize workforce productivity onsite. The company serves a growing base of general contractors across diverse project types and industry verticals, with a particularly strong presence in the datacenter construction sector. Gemspring's investment will enable Sitemetric to accelerate product development and investment in go-to-market resources to support its growth trajectory.
Brian Thomas, CEO and Co-Founder of Sitemetric, commented, "Sitemetric is at an exciting inflection point, and we are excited to partner with Gemspring to accelerate our growth. Gemspring's deep expertise in scaling software companies and their strategic and operational insights make them an ideal partner for our business. Together, we look forward to expanding our customer base, enhancing our product offerings, and scaling our operations to meet the needs of a growing market."
"Sitemetric has established itself as a leader in the construction software market through technology innovation and operational excellence," said D.J. Andrzejewski, Managing Director at Gemspring. "We are thrilled to collaborate with the Sitemetric team to drive its next phase of growth through both organic expansion and strategic acquisitions."
Sitemetric was advised by Piper Sandler & Co. as financial advisor and Cooley LLP as legal advisor. McDermott Will & Emery LLP served as legal advisor to Gemspring.
About Sitemetric
Sitemetric is a leading provider of jobsite security, safety, and workforce management solutions for the construction industry. Its comprehensive platform, which combines proprietary software with integrated hardware and service components, empowers general contractors and site owners with real-time insights into onsite personnel access, supports adherence to critical safety and security standards, and drives workforce productivity. For more information, visit www.sitemetric.com.
About Gemspring Capital
Gemspring Capital, a Westport, Connecticut-based private equity firm with $3.8 billion of capital under management, provides flexible capital solutions to middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth, value creation and sustainable competitive advantages. Target companies have up to $1 billion in revenue and are in the business services, consumer services, financial and insurance services, healthcare, industrials, software, and tech-enabled services sectors. For more information, visit www.gemspring.com.
CONTACT: D.J. Andrzejewski, dj@gemspring.com
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SOURCE Gemspring Capital