Spring Capital Partners Mergers and Acquisitions Summary

Mezzanine Finance Firm Profile

In the last 3 years, Spring Capital Partners has acquired 5 companies. It has also invested in 3 others.

Spring Capital Partners’ most common sectors for investment arebusiness services (14%) and aerospace (9%) . The Firm’s most common investment types include growth capital (36%) and recapitalization (25%). In total, Spring Capital Partners has invested in 22 US states.

In the last 3 years, Spring Capital Partners has exited 3 companies. The Firm’s most common exit type is trade sale (72%). Spring Capital Partners’ largest (disclosed) exit occurred in 2018 when it sold Quantum Global Technologies for $400M.

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M&A Summary

  • M&A Total Activity70
    • M&A Buy Activity45
    • M&A Sell Activity25
  • Total Sectors Invested 29
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 65
  • M&A Advisors 1

Spring Capital Partners

The Foxleigh Building, Suite 340, 2330 W. Joppa Road,
Lutherville, Maryland 21093
United States
(410) 685-8000
www.springcap.com
mfd@springcap.com

Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.


Investment Criteria

Sectors of Interest: Aerospace, Airlines, Apparel/Textiles, Building Materials, Business Services, Communications, Construction, Consumer Products, Consumer Services, Digital Media, Distribution, Education, Energy Services and Equipment, Financial Services, Food, Franchising, Healthcare Services, Information Services, Information Technology, Internet Software and Services, Life Science, Manufacturing, Marketing, Media, Medical Products, Packaging, Plastics, Retail, Software, Staffing, Technology Hardware, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Secondary Buyout

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

Transaction Criteria Min Max
Target Revenue 10 150
Target EBITDA - -
Investment Size 2 20
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) # 37 - 1 2 5 - 45
Sell (1.0/yr) # 20 2 3 - - - 25
vol $521M $521M
  70

Most Recent M&A

Company Date Value Type
4AllPromos LLC 2023-12-07 - Buyout (LBO, MBO, MBI)
Essex, Connecticut · www.4allpromos.com
Chibuzo LLC 2023-10-27 - Growth Capital
Fort Smith, Arkansas
Architectural Polymers LLC 2023-10-04 - Recapitalization
Palmerton, Pennsylvania · www.apformliner.com
Purple RTO Holdings 2023-09-22 - Growth Capital
Los Angeles, California
Perimeter Insect Guard 2023-08-16 - Buyout (LBO, MBO, MBI)
Stonewall, Mississippi · www.perimeterinsectguard.com
Catalina Finer Foods LLC 2022-03-07 - Growth Capital
Tampa, Florida · www.catalinafoods.com
Pierce Washington 2022-01-19 - Recapitalization
Mill Valley, California · www.piercewashington.com
Green Cloud Defense 2021-10-05 - Trade Sale
Greenville, South Carolina · www.greenclouddefense.com
PirTano Construction Co., Inc. 2021-08-24 - Recapitalization
Addison, Illinois · www.pirtano.com
eServices LLC 2021-02-03 - Trade Sale
Glen Allen, Virginia · www.eservices.cc
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Business Services 1 (6%) - 6 (13%) -
Aerospace - - 4 (9%) -
Internet Software and Services 1 (6%) - 3 (7%) -
Consumer Services 2 (12%) - 2 (4%) -
Franchising 1 (6%) - 2 (4%) -
Manufacturing 1 (6%) - 2 (4%) -
Medical Products 2 (12%) - 2 (4%) -
Retail - - 2 (4%) -
Software 1 (6%) - 2 (4%) -
Airlines - - 1 (2%) -
Apparel/Textiles 1 (6%) - 1 (2%) -
Chemicals 1 (6%) - 1 (2%) -
Communications - - 1 (2%) -
Construction 1 (6%) - 1 (2%) -
Digital Media - - 1 (2%) -
Distribution - - 1 (2%) -
E-Commerce 1 (6%) - 1 (2%) -
Electrical Equipment 1 (6%) - 1 (2%) -
Energy Services and Equipment - - 1 (2%) -
Food 1 (6%) - 1 (2%) -
Healthcare Services - - 1 (2%) -
Information Services - - 1 (2%) -
Information Technology 1 (6%) - 1 (2%) -
Life Science - - 1 (2%) -
Media - - 1 (2%) -
Packaging - - 1 (2%) -
Plastics - - 1 (2%) -
Staffing 1 (6%) - 1 (2%) -
Transportation - - 1 (2%) -
Total 17 - 45 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 17 (100%) - 45 (100%) -
  Pennsylvania 1 (6%) - 8 (18%) -
  New York 2 (12%) - 4 (9%) -
  Florida 2 (12%) - 4 (9%) -
  Virginia 1 (6%) - 4 (9%) -
  California 2 (12%) - 2 (4%) -
  North Carolina 1 (6%) - 2 (4%) -
  Massachusetts 1 (6%) - 2 (4%) -
  Connecticut 1 (6%) - 2 (4%) -
  Arkansas 1 (6%) - 2 (4%) -
  Ohio - - 2 (4%) -
  New Hampshire - - 2 (4%) -
  New Jersey 1 (6%) - 1 (2%) -
  Mississippi 1 (6%) - 1 (2%) -
  Maryland 1 (6%) - 1 (2%) -
  Illinois 1 (6%) - 1 (2%) -
  Georgia 1 (6%) - 1 (2%) -
  Texas - - 1 (2%) -
  Tennessee - - 1 (2%) -
  South Carolina - - 1 (2%) -
  Oklahoma - - 1 (2%) -
  Michigan - - 1 (2%) -
  Louisiana - - 1 (2%) -
Total 17 - 45 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 7 (41%) - 16 (36%) -
Recapitalization 7 (41%) - 11 (24%) -
Buyout (LBO, MBO, MBI) 3 (18%) - 9 (20%) -
Venture - - 4 (9%) -
Acquisition Financing - - 2 (4%) -
Consolidation - - 1 (2%) -
Divestiture - - 1 (2%) -
Secondary Buyout - - 1 (2%) -
Total 17 - 45 -

Exits by Deal Type

Type Total # Value
Trade Sale 12 (48%) 58M (11%)
Trade Sale - Public Company 6 (24%) 463M (89%)
Secondary Sale 5 (20%) -
IPO 1 (4%) -
Unknown 1 (4%) -
Total 25 $521M

Top M&A Advisors

Financial Deals
Stifel, Nicolaus & Co., Inc.
 1

Deal Values

sell # Total
$100M to $1B 1 $400M
< $100M 2 $121M
TOTAL $521M
Largest Quantum Global Technologies LLC
$400M (2018-07-24)

M&A Connections

Deals
Acquired from
Investor(s)
2%
1 (2%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
20%
5 (20%)
Strategic(s)
72%
18 (72%)

Investor Summary

Investor Type

Mezzanine Finance Firm

Size

Middle-Market

PE Assets

600M USD

Established

1999

Specialist/Generalist

Generalist

Leadership

Michael Donoghue

Co-Founder & General Partner

John Acker

General Partner

FAQ

When was Spring Capital Partners founded?

Spring Capital Partners was founded in 1999.

What type of investor is Spring Capital Partners?

Spring Capital Partners is a mezzanine finance firm.

Where is Spring Capital Partners headquartered?

Spring Capital Partners is headquartered in Lutherville, Maryland.

How much capital does Spring Capital Partners have under management?

Spring Capital Partners has 600M USD under management.

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