PennSpring Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, PennSpring Capital has acquired 4 companies. It has also invested in 2 others.

PennSpring Capital’s most common sectors for investment areinternet software and services (30%) and media (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (70%) and divestiture (10%). In total, PennSpring Capital has invested in 5 US states.

In the last 3 years, PennSpring Capital has exited 3 companies. The Firm’s most common exit type is trade sale (67%).

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M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity10
    • M&A Sell Activity3
  • Total Sectors Invested 8
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

PennSpring Capital

PennSpring Capital, LLC.

36 Glenbrook Road,
Leola, Pennsylvania 17540
United States
(973) 985-1539
www.pennspring.com
info@pennspring.com

PennSpring Capital is a private investment firm focused on acquiring profitable, lower middle-market companies with up to $5 million of EBITDA. The Firm will consider both established as well as emerging/growth companies, and generally prefers opportunities throughout the East region of the US. Areas of interest include business services, sports, media/technology, healthcare, and education services. PennSpring Capital was formed in 2018 and is headquartered in Lancaster, Pennsylvania.


Investment Criteria

Sectors of Interest: Business Services, Consumer Products, Education, Healthcare Services, Information Technology, Internet Software and Services, Manufacturing, Media, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Recapitalization, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue 10 50
Target EBITDA 1 5
Investment Size 3 30
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 4 - 3 1 1 1 10
Sell (0.6/yr) # - - 2 1 - - 3
  13

Most Recent M&A

Company Date Value Type
Refresh LED 2024-10-15 - Buyout (LBO, MBO, MBI)
Mechanicsburg, Pennsylvania · www.refreshled.com
Zirtual, Inc. 2023-12-12 - Divestiture
Powell, Ohio · www.zirtual.com
Environmental Remediation and Financials Services LLC 2022-05-03 - Bankruptcy
Sea Girt, New Jersey · www.erfs.com
EastRock Solutions 2022-02-16 - Buyout (LBO, MBO, MBI)
Malvern, Pennsylvania · www.eastrocksolutions.com
PSC Mobiniti Acquisition LLC 2021-11-22 - Buyout (LBO, MBO, MBI)
Wilkes-Barre, Pennsylvania · www.mobiniti.com
Securus Contact Systems 2021-09-14 - Trade Sale
Happy Valley, Oregon · www.securuscontactsystems.com
Environmental Remediation and Financials Services LLC 2021-08-24 - Growth Capital
Sea Girt, New Jersey · www.erfs.com
Swing Kingdom LLC 2021-01-26 - Trade Sale
Leola, Pennsylvania · www.swingkingdom.com
EHC Associates, Inc. 2021-01-01 - Stake Purchase
Lancaster, Pennsylvania · www.ehcassociates.com
Atlas Molding LLC 2019-05-22 - Buyout (LBO, MBO, MBI)
Leola, Pennsylvania · www.atlasmolding.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Internet Software and Services 2 (33%) - 3 (30%) -
Business Services 1 (17%) - 1 (10%) -
Consumer Products - - 1 (10%) -
Environmental - - 1 (10%) -
Machinery 1 (17%) - 1 (10%) -
Manufacturing - - 1 (10%) -
Media 1 (17%) - 1 (10%) -
Software 1 (17%) - 1 (10%) -
Total 6 - 10 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 6 (100%) - 10 (100%) -
  Pennsylvania 4 (67%) - 6 (60%) -
  Ohio 1 (17%) - 1 (10%) -
  Kentucky 1 (17%) - 1 (10%) -
  New Jersey - - 1 (10%) -
  Oregon - - 1 (10%) -
Total 6 - 10 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (67%) - 7 (70%) -
Divestiture 1 (17%) - 1 (10%) -
Growth Capital - - 1 (10%) -
Stake Purchase 1 (17%) - 1 (10%) -
Total 6 - 10 -

Exits by Deal Type

Type Total # Value
Trade Sale 2 (67%) -
Bankruptcy 1 (33%) -
Total 3 -

Top M&A Advisors

Legal Deals
K&L Gates
1
Cozen O'Connor
1

M&A Connections

Deals
Acquired from
Strategic(s)
10%
1 (10%)
Exited to
Strategic(s)
67%
2 (67%)

FAQ

When was PennSpring Capital founded?

PennSpring Capital was founded in 2018.

What type of investor is PennSpring Capital?

PennSpring Capital is a private equity firm.

Where is PennSpring Capital headquartered?

PennSpring Capital is headquartered in Leola, Pennsylvania.

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