Airswift Acquires NTG Businesses to Bolster U.S. Upstream Energy Workforce — Gemspring Capital Management, LP

Event summary

Airswift, a Gemspring Capital portfolio company, acquired three New Tech Global (NTG) businesses on September 3, 2026.
The deal includes NTG Ventures, NTG Rig Personnel, and NTG Auburn, which will be rebranded as Auburn Energy Management.
NTG's expertise strengthens Airswift's upstream oil and gas workforce solutions, particularly in drilling and completions.
The acquisition expands Airswift's presence in the North American energy market, adding project and asset management capabilities.

The big picture

Airswift's acquisition of NTG businesses underscores the growing emphasis on specialized workforce solutions in the upstream energy sector. With Gemspring Capital's backing, Airswift aims to consolidate its position as a go-to partner for clients seeking reliable project delivery and skilled talent. The deal reflects broader trends in the energy market, where operational efficiency and cost reduction are critical drivers of growth.

What we're watching

Integration Challenges: How Airswift will integrate NTG's specialized teams and client relationships into its existing operations.
Market Demand: Whether the durable demand for skilled talent in U.S. energy will sustain Airswift's growth strategy.
Competitive Positioning: The pace at which Airswift can leverage NTG's expertise to outpace competitors in the upstream energy sector.