Gemspring Capital Management LLC, a middle-market private equity firm, announced that an affiliate has acquired a majority interest in Zavation Medical Products.
 
Zavation designs and manufactures a comprehensive portfolio of spinal hardware and biologics that provide medical solutions to improve and enhance quality of life for patients around the world. The Company serves nearly 400 hospitals and ambulatory surgical centers through a network of over 300 distributors and approximately 100 employees.  Since its founding in 2012, Zavation has developed into a vertically integrated manufacturer with a differentiated product portfolio and unparalleled customer service, resulting in a tremendous growth trajectory and attractive cash flow characteristics. The company is based in Flowood, Mississippi and has an additional facility in Tampa, Fla.
 
Zavation's management team, led by president and CEO Jeffrey Johnson, will continue to lead the business and made a significant investment in the Company alongside Gemspring. Jeffrey commented: "We are excited by this investment and partnership with Gemspring. We share a common focus on supporting our surgeons and distributors with high-quality products and industry-leading customer service. We believe Gemspring's expertise, resources, and capital will help us reach the next stage of growth."
 
"Jeffrey and his team have done an incredible job growing Zavation into a trusted partner for its customers," said Don Gerne, Managing Director at Gemspring. "We are excited to invest in the Company as it continues to develop a portfolio of differentiated products that uniquely position it for continued growth. We look forward to partnering with the management team as Zavation continues to maintain exceptional customer service, expand its product portfolio, and pursue strategic acquisitions."