NewSpring Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, NewSpring Capital has acquired 14 companies. It has also invested in 23 others.

NewSpring Capital’s most common sectors for investment areinformation technology (13%) and healthcare services (9%) . The Firm’s most common investment types include growth capital (53%) and buyout (lbo, mbo, mbi) (21%). In total, NewSpring Capital has invested in 31 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2021 when it acquired Star2Star Communications for $437M.

In the last 3 years, NewSpring Capital has exited 17 companies. The Firm’s most common exit type is trade sale (56%). NewSpring Capital’s largest (disclosed) exit occurred in 2019 when it sold Paragon Bioservices for $1.2B.

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M&A Summary

  • M&A Total Activity264
    • M&A Buy Activity183
    • M&A Sell Activity81
  • Total Sectors Invested 42
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 116
  • M&A Advisors 5

NewSpring Capital

555 E. Lancaster Ave 3rd Floor,
Radnor, Pennsylvania 19087
United States
(610) 567-2380
www.newspringcapital.com
info@newspringventures.com

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.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Building Materials, Business Services, Communications, Consumer Products, Consumer Services, Electrical Equipment, Electronics, Financial Services, Furniture, Healthcare Services, Information Technology, Internet Software and Services, Leisure, Life Science, Manufacturing, Marketing, Media, Medical Products, Retail, Safety/Security, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 20 100
Target EBITDA 2 -
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (10.2/yr) # 132 15 21 8 5 2 183
vol $142M $437M $579M
Sell (4.4/yr) # 59 5 8 6 2 1 81
vol $3.4B $600M $590M $26M $4.6B
  264

Most Recent M&A

Company Date Value Type
Shake Smart, Inc. 2024-03-14 - Growth Capital
San Diego, California · www.shakesmart.com
Autism Spectrum Interventions 2024-02-22 - Growth Capital
Fullerton, California · www.asiautism.org
Circonus, Inc. 2024-02-21 - Trade Sale
Malvern, Pennsylvania · www.circonus.com
Wize Solutions, Inc. 2023-12-14 - Buyout (LBO, MBO, MBI)
West Valley City, Utah · www.wizesolutions.com
Bridge Core 2023-07-26 - Buyout (LBO, MBO, MBI)
McLean, Virginia · www.bcore.com
Lookingglass Cyber Solutions LLC 2023-04-17 26M USD Trade Sale
Reston, Virginia · www.lookingglasscyber.com
Hanson Lab Solutions 2023-04-01 - Recapitalization
Camarillo, California · www.hansonlab.com
Vacuum Truck Rental Co. 2023-03-15 - Buyout (LBO, MBO, MBI)
Louisville, Kentucky · www.vac2go.com
Northpoint Roofing Systems 2023-02-15 - Buyout (LBO, MBO, MBI)
Woodstock, Georgia · www.northpointroofingsystems.com
Western Jet Aviation, Inc. 2023-02-01 - Trade Sale
Van Nuys, California · www.westernjetaviation.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Magna5 2016-11-10 Apogee IT Services - US Assets 2023-02-06 9
Pittsburgh, Pennsylvania · www.magna5global.com Sewickley, Pennsylvania
Financeware 2018-01-01 VMS Hub 2022-04-04 1
West Chester, Pennsylvania · www.financewaregroup.com Jersey, New Jersey
Magna5 2016-11-10 Magna5 - Telecom Business 2021-08-10 1
Pittsburgh, Pennsylvania · www.magna5global.com Frisco, Texas
Financeware 2018-01-01 Vertical Management Systems, Inc. 2018-01-01 3
West Chester, Pennsylvania · www.financewaregroup.com Pasadena, California · www.vmshelp.com
Financeware 2018-01-01 Wealthcare Capital Management LLC 2018-01-01 2
West Chester, Pennsylvania · www.financewaregroup.com Richmond, Virginia · www.wealthcarecapital.com
Magna5 2016-11-10 X5 Solutions, Inc. 2016-11-10 8
Pittsburgh, Pennsylvania · www.magna5global.com Seattle, Washington · www.x5solutions.com
Magna5 2016-11-10 NovaTel Ltd. 2016-11-10 7
Pittsburgh, Pennsylvania · www.magna5global.com San Antonio, Texas · www.novatelnetworks.com
Magna5 2016-11-10 CornerStone Telephone Co. 2016-11-10 6
Pittsburgh, Pennsylvania · www.magna5global.com Troy, New York · www.cornerstonetelephone.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 8 (10%) - 23 (13%) -
Healthcare Services 11 (13%) - 16 (9%) 14M (2%)
Internet Software and Services 10 (12%) - 15 (8%) 81M (14%)
Software 8 (10%) 13M (3%) 15 (8%) 13M (2%)
Manufacturing 6 (7%) - 12 (7%) 13M (2%)
Life Science 2 (2%) - 12 (7%) 11M (2%)
Business Services 1 (1%) - 11 (6%) -
Communications 1 (1%) 437M (97%) 8 (4%) 437M (76%)
Medical Products 1 (1%) - 8 (4%) -
Aerospace 1 (1%) - 5 (3%) -
Construction 5 (6%) - 5 (3%) -
Consumer Products 3 (4%) - 5 (3%) -
Marketing 2 (2%) - 4 (2%) -
Building Materials 2 (2%) - 3 (2%) -
Consumer Services 2 (2%) - 3 (2%) -
Leisure - - 2 (1%) 9M (2%)
Apparel/Textiles - - 2 (1%) -
Automotive 2 (2%) - 2 (1%) -
Environmental 1 (1%) - 2 (1%) -
Financial Services 1 (1%) - 2 (1%) -
Food 2 (2%) - 2 (1%) -
Franchising 2 (2%) - 2 (1%) -
Information Services - - 2 (1%) -
Packaging 2 (2%) - 2 (1%) -
Restaurants 2 (2%) - 2 (1%) -
Safety/Security 1 (1%) - 2 (1%) -
Technology Hardware - - 2 (1%) -
Digital Media 1 (1%) - 1 (1%) -
Distribution - - 1 (1%) -
Diversified - - 1 (1%) -
E-Commerce 1 (1%) - 1 (1%) -
Education 1 (1%) - 1 (1%) -
Electrical Equipment - - 1 (1%) -
Energy Services and Equipment - - 1 (1%) -
Furniture - - 1 (1%) -
Marine - - 1 (1%) -
Media - - 1 (1%) -
Metals/Mining 1 (1%) - 1 (1%) -
Plastics 1 (1%) - 1 (1%) -
Retail - - 1 (1%) -
Staffing 1 (1%) - 1 (1%) -
Transportation 1 (1%) - 1 (1%) -
Total 83 $450M 184 $579M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 80 (96%) 450M (100%) 180 (98%) 579M (100%)
  Pennsylvania 14 (17%) - 42 (23%) 85M (15%)
  Massachusetts 8 (10%) - 17 (9%) 24M (4%)
  California 10 (12%) - 16 (9%) 9M (2%)
  New York 11 (13%) 13M (3%) 15 (8%) 13M (2%)
  New Jersey 4 (5%) - 15 (8%) -
  Florida 4 (5%) 437M (97%) 8 (4%) 437M (76%)
  Virginia 4 (5%) - 7 (4%) -
  Texas 4 (5%) - 7 (4%) -
  Maryland - - 7 (4%) -
  Illinois 2 (2%) - 5 (3%) -
  Georgia 2 (2%) - 4 (2%) -
  Washington 1 (1%) - 4 (2%) -
  Ohio 1 (1%) - 4 (2%) -
  Colorado 3 (4%) - 3 (2%) -
  Minnesota 1 (1%) - 3 (2%) 11M (2%)
  North Carolina - - 3 (2%) -
  Arizona 2 (2%) - 2 (1%) -
  Wisconsin 2 (2%) - 2 (1%) -
  Missouri 1 (1%) - 2 (1%) -
  Kentucky 1 (1%) - 2 (1%) -
  Maine - - 2 (1%) -
  Alabama 1 (1%) - 1 (1%) -
  West Virginia 1 (1%) - 1 (1%) -
  Utah 1 (1%) - 1 (1%) -
  Kansas 1 (1%) - 1 (1%) -
  Indiana 1 (1%) - 1 (1%) -
  Oregon - - 1 (1%) -
  Oklahoma - - 1 (1%) -
  Montana - - 1 (1%) -
  Michigan - - 1 (1%) -
  Louisiana - - 1 (1%) -
Canada 2 (2%) - 2 (1%) -
  Ontario 2 (2%) - 2 (1%) -
Australia 1 (1%) - 1 (1%) -
Netherlands - - 1 (1%) -
Domestic 80 (96%) 450M (100%) 180 (98%) 579M (100%)
Cross-border 3 (4%) - 4 (2%) -
Total 83 $450M 184 $579M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 57 (69%) 13M (3%) 97 (53%) 13M (2%)
Buyout (LBO, MBO, MBI) 13 (16%) - 37 (20%) 48M (8%)
Venture 4 (5%) - 23 (13%) -
Secondary Buyout 2 (2%) - 9 (5%) -
Recapitalization 3 (4%) - 7 (4%) -
Add-on Acquisition 3 (4%) 437M (97%) 3 (2%) 437M (76%)
Going Private - - 2 (1%) 10M (2%)
Consolidation 1 (1%) - 2 (1%) -
Stake Purchase - - 1 (1%) 71M (12%)
Acquisition Financing - - 1 (1%) -
Divestiture - - 1 (1%) -
PIPE - - 1 (1%) -
Total 83 $450M 184 $579M

Exits by Deal Type

Type Total # Value
Trade Sale 25 (31%) 1.4B (32%)
Trade Sale - Public Company 23 (28%) 2.9B (68%)
Secondary Sale 20 (25%) -
Unknown 5 (6%) -
Merger 2 (2%) -
Recapitalization 2 (2%) -
Sold to Management 2 (2%) -
IPO 1 (1%) -
Stake Sale 1 (1%) -
Total 81 $4.2B

Top M&A Advisors

Financial Deals
Baker Tilly Capital LLC
 1
Guggenheim Securities
 1
Greene Holcomb & Fisher LLC
 1
Legal Deals
Blank Rome
 2
Clifford Chance
 1

Deal Values

buy # Total
$100M to $1B 1 $437M
< $100M 7 $142M
TOTAL $579M
Largest Star2Star Communications LLC
$437M (2021-01-29)
sell # Total
> $1B 1 $1.2B
$100M to $1B 12 $3.4B
< $100M 3 $88M
TOTAL $4.6B
Largest Paragon Bioservices, Inc.
$1.2B (2019-04-15)

M&A Connections

Deals
Acquired from
Investor(s)
7%
13 (7%)
Exited to
Investor(s)
25%
20 (25%)
Strategic(s)
57%
46 (57%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

1.7B USD

Established

1999

Specialist/Generalist

Generalist

Leadership

Brian Murphy

Co-Founder & General Partner

Marc Lederman

Co-founder & General Partner

Michael Dipiano

Co-founder & Managing General Partner

Andrew Panzo

General Partner

Anne Vazquez

General Partner

FAQ

When was NewSpring Capital founded?

NewSpring Capital was founded in 1999.

What type of investor is NewSpring Capital?

NewSpring Capital is a private equity firm.

Where is NewSpring Capital headquartered?

NewSpring Capital is headquartered in Radnor, Pennsylvania.

How much capital does NewSpring Capital have under management?

NewSpring Capital has 1.7B USD under management.

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