Home Fairfield Gemspring Capital acquires TMP Worldwide

Gemspring Capital acquires TMP Worldwide

Xlerant stamfordGemspring Capital, a Westport-based private equity firm specializing in lower middle market companies, has acquired TMP Worldwide, a provider of recruitment marketing software and digital services.

According to Gemspring Capital, the management team at New York City-based TMP Worldwide “made a significant investment in the company” and partnered with them on the acquisition. Financial terms of the transaction were not disclosed.

Company officials confirmed that TMP Worldwide CEO Michelle Abbey will continue in her position.

“TMP Worldwide is an extremely attractive platform opportunity given its market leadership, differentiated technology, commitment to customers and the strength of its deep management team,” Thomas Zanios, managing director at Gemspring Capital, said. “The company’s integrated software and digital services provide a full service, high value-added solution to the largest and most sophisticated employers.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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