Gemspring Takes Flight with Aeromed Investment

Gemspring Capital Management has made a minority investment in Aeromed Group, a provider of logistics and materials management services supporting the aircraft manufacturing and maintenance operations of aerospace and defense companies.

Aeromed Group specialized services include inventory management programs that track and stage aircraft components, forecasting services that estimate parts demand across maintenance cycles, and custom kitting, a logistics process that bundles pre-selected components so technicians can complete complex repairs or assembly tasks efficiently.Aeromed also provides legacy platform logistics services that ensure a continued supply of parts and materials required to maintain older aircraft platforms that are still in service with commercial airlines and defense forces.

Aeromed’s platform was formed in January 2021 when the company, backed by Copley Equity Partners, acquired etaGLOBAL, a Texas-based distributor of aerospace fasteners and Class-C components used in aircraft manufacturing and maintenance. The business later ceased operating as a separate brand after its operations were integrated into Diamond Fasteners, a New York-based distributor of aerospace fasteners and related hardware that Aeromed acquired in May 2023.

Aeromed expanded the platform in June 2024 with two acquisitions: HB Aerospace, an Arizona-based distributor of aerospace fasteners and hardware serving OEM and MRO customers, and API Worldwide, a Tennessee-based distributor of aviation chemicals and maintenance consumables. In June 2025, Aeromed acquired AIReps, a California-based distributor and manufacturers’ representative for aerospace fasteners and components.Additional acquisitions in 2026 include HITEK Electronic Materials, a UK-based provider of advanced electronic materials for aerospace and defense; Norcatec, a New York-based provider of aerospace supply chain and sustainment services; NAPCO International, a Minnesota-based distributor of aerospace hardware and logistics services; and Kit Pack Company, a New Mexico-based provider of kitting and packaging services for aerospace production and maintenance programs.

Customers of Aeromed, located in more than 70 countries, include original equipment manufacturers (OEMs)—companies that build aircraft and aerospace systems—and maintenance, repair, and overhaul providers (MROs) that service aircraft fleets. Aeromed is led by CEO Bob Spence and is headquartered in Charlotte, North Carolina.

The new investment from Gemspring supports Aeromed’s 2026 acquisitions of HITEK Electronic Materials, NorcaTec, and Kit Pack Company, three businesses that expand the company’s capabilities in electronic materials, legacy platform sustainment, and international logistics. These transactions add more than 150 employees to Aeromed and extend its geographic reach, including a larger European presence through Aeromed International. Following the acquisitions, the company now serves customers in more than 70 countries.

“Gemspring took the time to deeply understand our business, our people, and our strategic vision,” said Mr. Spence. “Their thoughtful approach and extensive resources gave us strong confidence in the partnership. We are excited to work together as we continue executing on our growth plans.”

“Aeromed is a high-quality business with a differentiated value proposition serving OEMs and MROs across global commercial and defense markets,” said Jay Reynolds, a managing director at Gemspring. “The company’s commitment to quality and compliance positions it well for sustained growth. We look forward to partnering with Bob and his team to build on Aeromed’s impressive track record and accelerate its next phase as a leading global aerospace and defense supply chain platform.”

Gemspring invests in companies with revenues of up to $2 billion that operate in the business services, consumer services, financial and insurance services, healthcare, industrial, software, and tech-enabled services sectors. The firm was founded in 2015 and has completed more than 125 acquisitions across its buyout and growth strategies.

In October 2025, Gemspring closed its second non-control investment vehicle, Gemspring Growth Solutions Fund II LP (GGS II), with $1.1 billion in limited partner commitments. Gemspring was founded in 2016 and is headquartered in Westport, Connecticut, with additional offices in Los Angeles, Charlotte, and Columbus.