Acquiring Company
Gemspring Capital Management
Acquired Company
Key Line Construction and Palouse Power
WestportLincolnFinancial ServicesFinanceVenture CapitalConstructionBuilding MaintenanceDescription
Gemspring Capital Management LP has backed the merger of Key Line Construction and Palouse Power to form a new utility infrastructure services platform. This merger will help utilities in the Pacific Northwest modernize their infrastructure amidst rising demand. Key Line CEO Tank Parrish and Palouse Power president Jeff Zimmer will lead the combined company. The merger introduces greater resources and geographic reach to serve utility customers better.
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Based on deal dataFrequently asked
Who acquired Key Line Construction and Palouse Power?
Key Line Construction and Palouse Power was acquired by Gemspring Capital Management, based in Westport. The deal was reported on July 29, 2026. Gemspring Capital Management, LLC is a middle-market private equity firm based in Westport, Connecticut, with $3.8 billion of capital under management. Gemspring Capital Management is privately held and operates in Financial Services.
When did Gemspring Capital Management acquire Key Line Construction and Palouse Power?
Gemspring Capital Management's acquisition of Key Line Construction and Palouse Power was reported on July 29, 2026. Gemspring Capital Management LP has backed the merger of Key Line Construction and Palouse Power to form a new utility infrastructure services platform. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Key Line Construction and Palouse Power do?
Key Line Construction and Palouse Power provide construction and maintenance services for electric distribution, transmission, and communications infrastructure. The merged entity will serve utilities as they modernize and expand the grid in multiple states. It is privately held, operating in Construction, and is based in Lincoln.