#United States #New York #Venture Capital #Good Springs #Chickasaw Nation

Good Springs Capital Achieves Major Fundraising Milestone

Good Springs Capital LP, a burgeoning player in private investment focused on industrial and service sectors, has recently announced a significant accomplishment. The firm successfully closed its inaugural fund, Good Springs Capital Fund I, having raised an impressive $570 million. This closing not only marks the introduction of their first investment vehicle but also elevates their total assets under management to approximately $611 million, thanks to contributions from a diverse group of investors, including the Chickasaw Nation, which acted as the anchor investor.

Leadership and Vision

Spearheaded by Managing Partners David Van Geyzel and Udi Toledano—both previously of Alleghany Capital Corporation—the Good Springs team brings a wealth of experience to their new venture. Together with partners Rob Hulick and Rich Albano, and Vice President Oren Bentley, they have been instrumental in transforming Alleghany Capital into a robust $5 billion enterprise. Their collective expertise spans over a decade of successful partnerships with middle-market entrepreneurs, particularly in the industrial sector and services.

David Van Geyzel expressed his enthusiasm for reaching this funding milestone, stating, "We established Good Springs Capital to enhance our team’s proven success working with skilled middle-market entrepreneurs. Surpassing $600 million in assets within just 18 months is a remarkable achievement that reflects our commitment to our investment strategy. We owe a debt of gratitude to our investors for their trust and support."

Udi Toledano added, "Closing our inaugural fund was a significant milestone in 2024 for Good Springs. We not only closed the fund but also completed our first two platform investments last year. In June, we invested in Kimbel Mechanical Systems, a family-run mechanical contracting business, and in October, we partnered with Tectonic Engineering Consultants, a founder-owned engineering firm."

Portfolio Highlights

Kimbel Mechanical Systems is notably recognized among the nation’s top mechanical contractors, specializing in various installations for leading homebuilders. Meanwhile, Tectonic has established itself as a critical player in multi-discipline engineering, focusing on infrastructure across transportation, telecommunications, energy, and water sectors.

Rob Hulick shared his perspective on the partnership, saying, "We are optimistic about the growth prospects of both Kimbel and Tectonic. Through strategic alliances with their management teams, we believe Good Springs is poised for deploying capital into additional platforms and complementary investments across our target sectors in the coming years."

Looking Ahead

Established in New York, Good Springs Capital aims to facilitate control investments in middle-market companies governed by founders, families, and entrepreneurial teams. The firm is driven by a long-term approach to opportunity, striving to forge solid partnerships with accomplished management teams. Through its proprietary Good Springs Growth System, the firm aims to support its portfolio companies in achieving their next growth phase.

For more information regarding Good Springs Capital’s investment strategies and partnerships, visit their website at www.goodspringscap.com.

This fundraising achievement not only signifies a strong beginning for Good Springs Capital but also underlines its potential to influence the investment landscape in its targeted sectors. As they embark on this exciting journey, industry players will be keenly observing their progress and impact on the broader market.