M&A Deal Summary

NewSpring Capital Acquires Bridge Core

On July 26, 2023, private equity firm NewSpring Capital acquired information technology company Bridge Core

Acquisition Highlights
  • This is NewSpring Capital’s 23rd transaction in the Information Technology sector.
  • This is NewSpring Capital’s 177th transaction in the United States.
  • This is NewSpring Capital’s 7th transaction in Virginia.

M&A Deal Summary
Date 2023-07-26
Target Bridge Core
Sector Information Technology
Buyer(s) NewSpring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Bridge Core

McLean, Virginia, United States
website
Bridge Core is a federal services company that provides visual intelligence, cybersecurity, and other technical solutions to the U.S. government intelligence community. The company leverages a unique tech-to-mission concept, agility, and speed in delivering services that drive true value for its intelligence agency clients. Bridge Core is based in McLean, Virginia.

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Buyer(S) 1

Buyer

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.

DEAL STATS #
Overall 181 of 184
Sector (Information Technology) 23 of 23
Type (Buyout (LBO, MBO, MBI)) 36 of 37
State (Virginia) 7 of 7
Country (United States) 177 of 180
Year (2023) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-17 Lookingglass Cyber Solutions

Reston, Virginia, United States

Lookingglass Cyber Solutions is a provider of threat intelligence driven security and dynamic threat defense software services. Lookingglass Cyber Solutions was founded in 2009 and is based in Reston, Virginia.

Sell $26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 Wize Solutions

West Valley City, Utah, United States

Wize Solutions is a provider of material handling integration solutions. The company provides its installation crews annual training programs to remain up to date on all industry innovations. Offering specialty installation services for shelving, wire guidance, mezzanine, lockers, industrial fans, rack repair, curtain walls and just about anything a warehouse needs to stay efficient. Wize Solutions is based in West Valley City, Utah.

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