Spring Mountain Capital Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, Spring Mountain Capital has invested in 6 companies.

Spring Mountain Capital’s most common sectors for investment arelife science (26%) and information technology (19%) . The Firm’s most common investment types include venture (67%) and growth capital (19%). In total, Spring Mountain Capital has invested in 17 US states and 3 different countries.

In the last 3 years, Spring Mountain Capital has exited 6 companies. The Firm’s most common exit type is trade sale (89%). Spring Mountain Capital’s largest (disclosed) exit occurred in 2013 when it sold WhipTail Technologies for $415M.

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M&A Summary

  • M&A Total Activity45
    • M&A Buy Activity27
    • M&A Sell Activity18
  • Total Sectors Invested 12
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 29

Spring Mountain Capital

650 Madison Avenue, 20th Floor,
New York, New York 10022
United States
(212) 292-8300
www.smcgrowthcapital.com

Spring Mountain Capital is a growth capital firm focused on providing expansion capital to tech-enabled companies across North America. The Firm looks to invest in earlier stage companies ($2 to $10 million of revenue) with high growth rates, proven products/services, and a path to profitability. Spring Mountain generally looks to commit $5 to $15 million per transaction. Spring Mountain Capital was formed in 2001 and is based in New York City.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Chemicals, Consumer Products, Consumer Services, Digital Media, Diversified, Electrical Equipment, Electronics, Financial Services, Healthcare Services, Information Technology, Internet Software and Services, Life Science, Manufacturing, Media, Medical Products, Metals/Mining, Software, Test/Measurement Equipment

Target Transaction Types: Growth Capital, Recapitalization, Secondary Buyout, Venture

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

Transaction Criteria Min Max
Target Revenue 2 -
Target EBITDA - -
Investment Size 5 15
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 19 2 4 2 - - 27
Sell (1.4/yr) # 11 1 6 - - - 18
vol $733M $228M $961M
  45

Most Recent M&A

Company Date Value Type
Everwash Car Club LLC 2022-03-02 - Venture
Philadelphia, Pennsylvania · www.everwash.com
Eyrus 2022-02-16 - Venture
Washington, District of Columbia · www.eyrus.com
Ankyra Therapeutics, Inc. 2021-11-12 - Venture
Boston, Massachusetts · www.ankyratx.com
Outrigger Media, Inc. 2021-11-09 150M USD Trade Sale
New York, New York · www.openslate.com
Hurel Corp. 2021-09-15 - Trade Sale
North Brunswick Township, New Jersey · www.hurelcorp.com
RiskSense, Inc. 2021-08-02 - Trade Sale
Sunnyvale, California · www.risksense.com
Home Captain, Inc. 2021-06-02 - Trade Sale
Brooklyn, New York · www.homecaptain.com
Thentia 2021-05-04 - Venture
Toronto, Ontario · www.thentia.com
180 Health Partners 2021-03-18 - Trade Sale
Franklin, Tennessee · www.180healthpartners.com
Genomenon, Inc. 2021-03-16 - Venture
Ann Arbor, Michigan · www.genomenon.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Life Science 6 (46%) - 7 (26%) -
Information Technology 2 (15%) - 5 (19%) -
Healthcare Services 1 (8%) - 4 (15%) -
Internet Software and Services 2 (15%) - 3 (11%) -
Automotive - - 1 (4%) -
Chemicals - - 1 (4%) -
Consumer Products 1 (8%) - 1 (4%) -
Digital Media 1 (8%) - 1 (4%) -
Electrical Equipment - - 1 (4%) -
Electronics - - 1 (4%) -
Software - - 1 (4%) -
Technology Hardware - - 1 (4%) -
Total 13 - 27 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (85%) - 25 (93%) -
  New York 2 (15%) - 3 (11%) -
  New Jersey - - 3 (11%) -
  Connecticut 2 (15%) - 2 (7%) -
  Pennsylvania 1 (8%) - 2 (7%) -
  California - - 2 (7%) -
  Tennessee - - 2 (7%) -
  Michigan 1 (8%) - 1 (4%) -
  Massachusetts 1 (8%) - 1 (4%) -
  District of Columbia 1 (8%) - 1 (4%) -
  Ohio 1 (8%) - 1 (4%) -
  North Carolina 1 (8%) - 1 (4%) -
  Minnesota 1 (8%) - 1 (4%) -
  Iowa - - 1 (4%) -
  Indiana - - 1 (4%) -
  Colorado - - 1 (4%) -
  Arizona - - 1 (4%) -
  Utah - - 1 (4%) -
Canada 1 (8%) - 1 (4%) -
  Ontario 1 (8%) - 1 (4%) -
Israel 1 (8%) - 1 (4%) -
Total 13 - 27 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Venture 12 (92%) - 18 (67%) -
Growth Capital - - 5 (19%) -
Buyout (LBO, MBO, MBI) 1 (8%) - 2 (7%) -
Recapitalization - - 1 (4%) -
Stake Purchase - - 1 (4%) -
Total 13 - 27 -

Exits by Deal Type

Type Total # Value
Trade Sale 9 (50%) 78M (8%)
Trade Sale - Public Company 8 (44%) 883M (92%)
Secondary Sale 1 (6%) -
Total 18 $961M

Deal Values

sell # Total
$100M to $1B 3 $883M
< $100M 1 $78M
TOTAL $961M
Largest WhipTail Technologies, Inc.
$415M (2013-10-29)

M&A Connections

Deals
Exited to
Investor(s)
6%
1 (6%)
Strategic(s)
89%
16 (89%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Small

Established

2001

Specialist/Generalist

Generalist

Leadership

John Steffens

Founder & Senior Managing Director

Jamie Weston

Managing Director

Raymond Wong

Managing Director & Head of Growth Equity

Gregory Ho

President & Head of Opportunity Zones

Kenneth Soll

Principal

FAQ

When was Spring Mountain Capital founded?

Spring Mountain Capital was founded in 2001.

What type of investor is Spring Mountain Capital?

Spring Mountain Capital is a growth capital firm.

Where is Spring Mountain Capital headquartered?

Spring Mountain Capital is headquartered in New York, New York.

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