NewSpring Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, NewSpring Capital has acquired 18 companies. It has also invested in 32 others.

NewSpring Capital’s most common sectors for investment areinformation technology (13%) and healthcare services (8%) . The Firm’s most common investment types include growth capital (53%) and buyout (lbo, mbo, mbi) (22%). In total, NewSpring Capital has invested in 31 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2012 when it acquired Internet Pipeline for $71M.

In the last 3 years, NewSpring Capital has exited 21 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.

Join Mergr to view NewSpring Capital’s full profile and discover more large private equity firm investors just like it.

M&A Summary

M&A Total Activity286
- M&A Buy Activity200
- M&A Sell Activity86
Total Sectors Invested 44
Total Countries Invested 4
M&A Buy/Sell Connections 120
M&A Advisors 6

NewSpring Capital

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

Transaction Criteria

Min

Max

Target Revenue

100

Target EBITDA

Investment Size

Enterprise Value

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (13.0/yr)	#	135	16	19	10	10	10	200
vol	$142M						$142M
Sell (5.2/yr)	#	60	5	12	6	2	1	86
vol	$3.4B		$1.0B	$590M	$26M		$5.1B
	286

Year

≤ '19

'20

'21

'22

'23

'24

Buy (13.0/yr)

135

200

vol

$142M

Sell (5.2/yr)

vol

$3.4B

$1.0B

$590M

$26M

$5.1B

286

Company	Date	Value	Type
Virginia Food Group	2024-11-08	-	Growth Capital
Wakefield, Virginia · www.vadinerrestaurant.com
Xpect Solutions, Inc.	2024-10-15	-	Buyout (LBO, MBO, MBI)
Fairfax, Virginia · www.xpectsolutions.com
Burnyzz LLC	2024-10-10	-	Buyout (LBO, MBO, MBI)
Ocala, Florida · www.burnyzz.com
C Speed LLC	2024-10-08	-	Buyout (LBO, MBO, MBI)
Liverpool, New York · www.cspeed.com
Great Harvest Franchising, Inc.	2024-10-01	-	Growth Capital
Dillon, Montana · www.greatharvest.com
Salisbury Moore LLC	2024-07-28	-	Recapitalization
Raleigh, North Carolina · www.salisburymoore.com
Braner USA, Inc.	2024-06-26	-	Buyout (LBO, MBO, MBI)
Schiller Park, Illinois · www.braner.com
MAC Panel	2024-06-06	-	Growth Capital
High Point, North Carolina · www.macpanel.com
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
View All >>

Company

Date

Value

Type

Virginia Food Group

2024-11-08

Growth Capital

Wakefield, Virginia · www.vadinerrestaurant.com

Xpect Solutions, Inc.

2024-10-15

Buyout (LBO, MBO, MBI)

Fairfax, Virginia · www.xpectsolutions.com

Burnyzz LLC

2024-10-10

Buyout (LBO, MBO, MBI)

Ocala, Florida · www.burnyzz.com

C Speed LLC

2024-10-08

Buyout (LBO, MBO, MBI)

Liverpool, New York · www.cspeed.com

Great Harvest Franchising, Inc.

2024-10-01

Growth Capital

Dillon, Montana · www.greatharvest.com

Salisbury Moore LLC

2024-07-28

Recapitalization

Raleigh, North Carolina · www.salisburymoore.com

Braner USA, Inc.

2024-06-26

Buyout (LBO, MBO, MBI)

Schiller Park, Illinois · www.braner.com

MAC Panel

2024-06-06

Growth Capital

High Point, North Carolina · www.macpanel.com

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

View All >>

Company	Acquired	Add-On/Sale	Date	#
Manitowoc Tool & Machining LLC	2022-11-30	Mid Valley Industries LLC	2024-02-08	1
Manitowoc, Wisconsin · www.mantool.com	Kaukauna, Wisconsin · www.mvii.com
Magna5	2016-11-10	Apogee IT Services - US Assets	2023-02-06	11
Pittsburgh, Pennsylvania · www.magna5.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.magna5.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	10
Pittsburgh, Pennsylvania · www.magna5.com	Seattle, Washington · www.x5solutions.com
Magna5	2016-11-10	NovaTel Ltd.	2016-11-10	9
Pittsburgh, Pennsylvania · www.magna5.com	San Antonio, Texas · www.novatelnetworks.com
Magna5	2016-11-10	CornerStone Telephone Co.	2016-11-10	8
Pittsburgh, Pennsylvania · www.magna5.com	Troy, New York · www.cornerstonetelephone.com

Company

Acquired

Add-On/Sale

Date

Manitowoc Tool & Machining LLC

2022-11-30

Mid Valley Industries LLC

2024-02-08

Manitowoc, Wisconsin · www.mantool.com

Kaukauna, Wisconsin · www.mvii.com

Magna5

2016-11-10

Apogee IT Services - US Assets

2023-02-06

Pittsburgh, Pennsylvania · www.magna5.com

Sewickley, Pennsylvania

Financeware

2018-01-01

VMS Hub

2022-04-04

West Chester, Pennsylvania · www.financewaregroup.com

Jersey, New Jersey

Magna5

2016-11-10

Magna5 - Telecom Business

2021-08-10

Pittsburgh, Pennsylvania · www.magna5.com

Frisco, Texas

Financeware

2018-01-01

Vertical Management Systems, Inc.

2018-01-01

West Chester, Pennsylvania · www.financewaregroup.com

Pasadena, California · www.vmshelp.com

Financeware

2018-01-01

Wealthcare Capital Management LLC

2018-01-01

West Chester, Pennsylvania · www.financewaregroup.com

Richmond, Virginia · www.wealthcarecapital.com

Magna5

2016-11-10

X5 Solutions, Inc.

2016-11-10

Pittsburgh, Pennsylvania · www.magna5.com

Seattle, Washington · www.x5solutions.com

Magna5

2016-11-10

NovaTel Ltd.

2016-11-10

Pittsburgh, Pennsylvania · www.magna5.com

San Antonio, Texas · www.novatelnetworks.com

Magna5

2016-11-10

CornerStone Telephone Co.

2016-11-10

Pittsburgh, Pennsylvania · www.magna5.com

Troy, New York · www.cornerstonetelephone.com

Sector	Current #	Value	All-time #	Value
Information Technology	9 (10%)	-	25 (12%)	-
Healthcare Services	10 (11%)	-	16 (8%)	14M (10%)
Internet Software and Services	9 (10%)	-	15 (7%)	81M (58%)
Software	7 (8%)	13M (100%)	15 (7%)	13M (9%)
Manufacturing	7 (8%)	-	13 (6%)	13M (9%)
Life Science	2 (2%)	-	12 (6%)	11M (8%)
Business Services	-	-	11 (5%)	-
Medical Products	1 (1%)	-	8 (4%)	-
Communications	-	-	7 (3%)	-
Construction	6 (7%)	-	7 (3%)	-
Aerospace	1 (1%)	-	5 (2%)	-
Consumer Products	2 (2%)	-	5 (2%)	-
Franchising	5 (5%)	-	5 (2%)	-
Marketing	1 (1%)	-	4 (2%)	-
Apparel/Textiles	1 (1%)	-	3 (1%)	-
Automotive	3 (3%)	-	3 (1%)	-
Building Materials	2 (2%)	-	3 (1%)	-
Consumer Services	2 (2%)	-	3 (1%)	-
Financial Services	2 (2%)	-	3 (1%)	-
Food	3 (3%)	-	3 (1%)	-
Technology Hardware	1 (1%)	-	3 (1%)	-
Leisure	-	-	2 (1%)	9M (6%)
Distribution	1 (1%)	-	2 (1%)	-
Environmental	1 (1%)	-	2 (1%)	-
Information Services	-	-	2 (1%)	-
Metals/Mining	2 (2%)	-	2 (1%)	-
Packaging	1 (1%)	-	2 (1%)	-
Restaurants	2 (2%)	-	2 (1%)	-
Safety/Security	1 (1%)	-	2 (1%)	-
Staffing	2 (2%)	-	2 (1%)	-
Defense	1 (1%)	-	1 (< 1%)	-
Digital Media	1 (1%)	-	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%)	-
Machinery	1 (1%)	-	1 (< 1%)	-
Marine	-	-	1 (< 1%)	-
Media	-	-	1 (< 1%)	-
Plastics	1 (1%)	-	1 (< 1%)	-
Retail	-	-	1 (< 1%)	-
Transportation	1 (1%)	-	1 (< 1%)	-
Total	91	$13M	201	$142M

Sector

Current #

Value

All-time #

Value

Information Technology

9 (10%)

25 (12%)

Healthcare Services

10 (11%)

16 (8%)

14M (10%)

Internet Software and Services

9 (10%)

15 (7%)

81M (58%)

Software

7 (8%)

13M (100%)

15 (7%)

13M (9%)

Manufacturing

7 (8%)

13 (6%)

13M (9%)

Life Science

2 (2%)

12 (6%)

11M (8%)

Business Services

11 (5%)

Medical Products

1 (1%)

8 (4%)

Communications

7 (3%)

Construction

6 (7%)

7 (3%)

Aerospace

1 (1%)

5 (2%)

Consumer Products

2 (2%)

5 (2%)

Franchising

5 (5%)

5 (2%)

Marketing

1 (1%)

4 (2%)

Apparel/Textiles

1 (1%)

3 (1%)

Automotive

3 (3%)

3 (1%)

Building Materials

2 (2%)

3 (1%)

Consumer Services

2 (2%)

3 (1%)

Financial Services

2 (2%)

3 (1%)

Food

3 (3%)

3 (1%)

Technology Hardware

1 (1%)

3 (1%)

Leisure

2 (1%)

9M (6%)

Distribution

1 (1%)

2 (1%)

Environmental

1 (1%)

2 (1%)

Information Services

2 (1%)

Metals/Mining

2 (2%)

2 (1%)

Packaging

1 (1%)

2 (1%)

Restaurants

2 (2%)

2 (1%)

Safety/Security

1 (1%)

2 (1%)

Staffing

2 (2%)

2 (1%)

Defense

1 (1%)

1 (< 1%)

Digital Media

1 (1%)

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%)

Machinery

1 (1%)

1 (< 1%)

Marine

1 (< 1%)

Media

1 (< 1%)

Plastics

1 (1%)

1 (< 1%)

Retail

1 (< 1%)

Transportation

1 (1%)

1 (< 1%)

Total

$13M

201

$142M

State/Country	Current #	Value	All-time #	Value
United States	88 (97%)	13M (100%)	197 (98%)	142M (100%)
	Pennsylvania	14 (15%)	-	45 (22%)	85M (60%)
	New York	11 (12%)	13M (100%)	17 (8%)	13M (9%)
	California	10 (11%)	-	17 (8%)	9M (6%)
	Massachusetts	8 (9%)	-	17 (8%)	24M (17%)
	New Jersey	4 (4%)	-	16 (8%)	-
	Virginia	6 (7%)	-	9 (4%)	-
	Florida	4 (4%)	-	9 (4%)	-
	Texas	3 (3%)	-	7 (3%)	-
	Maryland	-	-	7 (3%)	-
	Illinois	3 (3%)	-	6 (3%)	-
	North Carolina	2 (2%)	-	5 (2%)	-
	Wisconsin	4 (4%)	-	4 (2%)	-
	Georgia	2 (2%)	-	4 (2%)	-
	Ohio	1 (1%)	-	4 (2%)	-
	Washington	1 (1%)	-	4 (2%)	-
	Colorado	3 (3%)	-	3 (1%)	-
	Minnesota	1 (1%)	-	3 (1%)	11M (8%)
	Indiana	2 (2%)	-	2 (1%)	-
	Arizona	2 (2%)	-	2 (1%)	-
	Alabama	2 (2%)	-	2 (1%)	-
	Montana	1 (1%)	-	2 (1%)	-
	Kentucky	1 (1%)	-	2 (1%)	-
	Missouri	-	-	2 (1%)	-
	Utah	1 (1%)	-	1 (< 1%)	-
	Kansas	1 (1%)	-	1 (< 1%)	-
	West Virginia	1 (1%)	-	1 (< 1%)	-
	Oregon	-	-	1 (< 1%)	-
	Oklahoma	-	-	1 (< 1%)	-
	Michigan	-	-	1 (< 1%)	-
	Maine	-	-	1 (< 1%)	-
	Louisiana	-	-	1 (< 1%)	-
Canada	2 (2%)	-	2 (1%)	-
	Ontario	2 (2%)	-	2 (1%)	-
Australia	1 (1%)	-	1 (< 1%)	-
Netherlands	-	-	1 (< 1%)	-
Domestic	88 (97%)	13M (100%)	197 (98%)	142M (100%)
Cross-border	3 (3%)	-	4 (2%)	-
Total	91	$13M	201	$142M

State/Country

Current #

Value

All-time #

Value

United States

88 (97%)

13M (100%)

197 (98%)

142M (100%)

Pennsylvania

14 (15%)

45 (22%)

85M (60%)

New York

11 (12%)

13M (100%)

17 (8%)

13M (9%)

California

10 (11%)

17 (8%)

9M (6%)

Massachusetts

8 (9%)

17 (8%)

24M (17%)

New Jersey

4 (4%)

16 (8%)

Virginia

6 (7%)

9 (4%)

Florida

4 (4%)

9 (4%)

Texas

3 (3%)

7 (3%)

Maryland

7 (3%)

Illinois

3 (3%)

6 (3%)

North Carolina

2 (2%)

5 (2%)

Wisconsin

4 (4%)

4 (2%)

Georgia

2 (2%)

4 (2%)

Ohio

1 (1%)

4 (2%)

Washington

1 (1%)

4 (2%)

Colorado

3 (3%)

3 (1%)

Minnesota

1 (1%)

3 (1%)

11M (8%)

Indiana

2 (2%)

2 (1%)

Arizona

2 (2%)

2 (1%)

Alabama

2 (2%)

2 (1%)

Montana

1 (1%)

2 (1%)

Kentucky

1 (1%)

2 (1%)

Missouri

2 (1%)

Utah

1 (1%)

1 (< 1%)

Kansas

1 (1%)

1 (< 1%)

West Virginia

1 (1%)

1 (< 1%)

Oregon

1 (< 1%)

Oklahoma

1 (< 1%)

Michigan

1 (< 1%)

Maine

1 (< 1%)

Louisiana

1 (< 1%)

Canada

2 (2%)

2 (1%)

Ontario

2 (2%)

2 (1%)

Australia

1 (1%)

1 (< 1%)

Netherlands

1 (< 1%)

Domestic

88 (97%)

13M (100%)

197 (98%)

142M (100%)

Cross-border

3 (3%)

4 (2%)

Total

$13M

201

$142M

Type	Current #	Value	All-time #	Value
Growth Capital	60 (66%)	13M (100%)	106 (53%)	13M (9%)
Buyout (LBO, MBO, MBI)	18 (20%)	-	44 (22%)	48M (34%)
Venture	4 (4%)	-	24 (12%)	-
Secondary Buyout	3 (3%)	-	10 (5%)	-
Recapitalization	5 (5%)	-	9 (4%)	-
Going Private	-	-	2 (1%)	10M (7%)
Consolidation	1 (1%)	-	2 (1%)	-
Stake Purchase	-	-	1 (< 1%)	71M (50%)
Acquisition Financing	-	-	1 (< 1%)	-
Divestiture	-	-	1 (< 1%)	-
PIPE	-	-	1 (< 1%)	-
Total	91	$13M	201	$142M

Type

Current #

Value

All-time #

Value

Growth Capital

60 (66%)

13M (100%)

106 (53%)

13M (9%)

Buyout (LBO, MBO, MBI)

18 (20%)

44 (22%)

48M (34%)

Venture

4 (4%)

24 (12%)

Secondary Buyout

3 (3%)

10 (5%)

Recapitalization

5 (5%)

9 (4%)

Going Private

2 (1%)

10M (7%)

Consolidation

1 (1%)

2 (1%)

Stake Purchase

1 (< 1%)

71M (50%)

Acquisition Financing

1 (< 1%)

Divestiture

1 (< 1%)

PIPE

1 (< 1%)

Total

$13M

201

$142M

Type	Total #	Value
Trade Sale	26 (30%)	1.4B (29%)
Trade Sale - Public Company	25 (29%)	3.3B (71%)
Secondary Sale	20 (23%)	-
Unknown	6 (7%)	-
IPO	2 (2%)	-
Merger	2 (2%)	-
Recapitalization	2 (2%)	-
Sold to Management	2 (2%)	-
Stake Sale	1 (1%)	-
Total	86	$4.7B

Type

Total #

Value

Trade Sale

26 (30%)

1.4B (29%)

Trade Sale - Public Company

25 (29%)

3.3B (71%)

Secondary Sale

20 (23%)

Unknown

6 (7%)

IPO

2 (2%)

Merger

2 (2%)

Recapitalization

2 (2%)

Sold to Management

2 (2%)

Stake Sale

1 (1%)

Total

$4.7B

Financial	Deals
Greene Holcomb & Fisher LLC	1
Guggenheim Securities	1
Baker Tilly Capital LLC	1

Financial

Deals

Greene Holcomb & Fisher LLC

Guggenheim Securities

Baker Tilly Capital LLC

Legal	Deals
Blank Rome	3
Clifford Chance	1
PwC Law	1

Legal

Deals

Blank Rome

Clifford Chance

PwC Law

buy	#	Total
< $100M	7	$142M
TOTAL	$142M
Largest	Internet Pipeline, Inc. $71M (2012-02-01)

buy

Total

< $100M

$142M

TOTAL

$142M

Largest

Internet Pipeline, Inc.
$71M (2012-02-01)

sell	#	Total
> $1B	1	$1.2B
$100M to $1B	13	$3.8B
< $100M	3	$88M
TOTAL	$5.1B
Largest	Paragon Bioservices, Inc. $1.2B (2019-04-15)

sell

Total

> $1B

$1.2B

$100M to $1B

$3.8B

< $100M

$88M

TOTAL

$5.1B

Largest

Paragon Bioservices, Inc.
$1.2B (2019-04-15)

		Deals
Acquired from
Investor(s)	6%	13 (6%)
Exited to
Investor(s)	23%	20 (23%)
Strategic(s)	57%	49 (57%)

Deals

Acquired from

Investor(s)

13 (6%)

Exited to

Investor(s)

20 (23%)

Strategic(s)

49 (57%)

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 3.5B USD under management.

NewSpring Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary