Gemini Completes New Platform Investment & Portfolio Add-On Acquisition
Gemini is pleased to announce two new transactions: a new investment, and an add-on acquisition for one of our portfolio companies.
In February, Gemini completed an investment in Connecta Satellite Solutions, a leading satellite phone, equipment and mobile-satellite services retailer and distributor. Founded in 2003 and based in Sarasota, Florida, Connecta sells equipment and voice / data subscription plans primarily via its website, satellitephonestore.com, but also has retail locations in Sarasota, San Diego, and Anchorage. The Company has a diverse mix of consumer and enterprise subscribers as well as government customers, and currently has over 50,000 subscribers. For more information, please visit www.satellitephonestore.com.
In March, Gemini portfolio company Action Equipment & Scaffold completed the acquisition of Access Systems & Solutions. Access Systems provides turnkey solutions for permanent and temporary access systems for architects, contractors, and developers. Based in San Francisco, the Company provides safe and code compliant systems to access all exterior building maintenance needs. The addition of Access Systems provides Action Scaffold with greater product and geographic diversification to meet customers’ needs throughout Arizona, Colorado, and California. For more information, please visit www.actionscaffold.com and www.accessebm.com.