Wellspring Capital Management Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Wellspring Capital Management has acquired 6 companies.

Wellspring Capital Management’s most common sectors for investment arehealthcare services (12%) and consumer products (12%) . The Firm’s most common investment types include secondary buyout (42%) and buyout (lbo, mbo, mbi) (31%). In total, Wellspring Capital Management has invested in 24 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired Performance Food Group for $1.4B.

In the last 3 years, Wellspring Capital Management has exited 4 companies. The Firm’s most common exit type is secondary buyout (41%). Wellspring Capital Management’s largest (disclosed) exit occurred in 2008 when it sold Vistar for $1.4B.

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M&A Summary

M&A Total Activity90
- M&A Buy Activity53
- M&A Sell Activity37
Total Sectors Invested 22
Total Countries Invested 3
M&A Buy/Sell Connections 24
M&A Advisors 15

Wellspring Capital Management

Wellspring Capital Management Group LLC

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	20	100
Investment Size	-	-
Enterprise Value	100	1,000
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

100

Investment Size

Enterprise Value

100

1,000

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (1.6/yr)	#	45	2	5	-	-	1	53
vol	$2.6B						$2.6B
Sell (1.0/yr)	#	32	1	1	1	1	1	37
vol	$4.6B				$90M		$4.7B
	90

Year

≤ '19

'20

'21

'22

'23

'24

Buy (1.6/yr)

vol

$2.6B

Sell (1.0/yr)

vol

$4.6B

$90M

$4.7B

Company	Date	Value	Type
Airswift Holdings Ltd.	2024-07-01	-	Unknown
Houston, Texas · www.airswift.com
Pinnacle Service Brands	2024-01-01	-	Buyout (LBO, MBO, MBI)
Rosemont, Illinois
Lucky Strike Entertainment LLC	2023-09-18	90M USD	Trade Sale
Sherman Oaks, California · www.bowlluckystrike.com
Resco Products, Inc.	2022-03-08	-	Secondary Sale
Pittsburgh, Pennsylvania · www.rescoproducts.com
Paragon Films, Inc.	2021-11-11	-	Secondary Sale
Broken Arrow, Oklahoma · www.paragon-films.com
Caring Brands International, Inc.	2021-10-25	-	Secondary Buyout
Sunrise, Florida · www.caringbrandsintl.com
Pentec Health, Inc.	2021-10-11	-	Secondary Buyout
Glen Mills, Pennsylvania · www.pentechealth.com
Coverall North America, Inc.	2021-06-01	-	Buyout (LBO, MBO, MBI)
Deerfield Beach, Florida · www.coverall.com
Rohrer Corp.	2021-03-17	-	Secondary Buyout
Wadsworth, Ohio · www.rohrer.com
HealthPRO Heritage	2021-03-15	-	Recapitalization
Hunt Valley, Maryland · www.healthpro-heritage.com
View All >>

Company

Date

Value

Type

Airswift Holdings Ltd.

2024-07-01

Unknown

Houston, Texas · www.airswift.com

Pinnacle Service Brands

2024-01-01

Buyout (LBO, MBO, MBI)

Rosemont, Illinois

Lucky Strike Entertainment LLC

2023-09-18

90M USD

Trade Sale

Sherman Oaks, California · www.bowlluckystrike.com

Resco Products, Inc.

2022-03-08

Secondary Sale

Pittsburgh, Pennsylvania · www.rescoproducts.com

Paragon Films, Inc.

2021-11-11

Secondary Sale

Broken Arrow, Oklahoma · www.paragon-films.com

Caring Brands International, Inc.

2021-10-25

Secondary Buyout

Sunrise, Florida · www.caringbrandsintl.com

Pentec Health, Inc.

2021-10-11

Secondary Buyout

Glen Mills, Pennsylvania · www.pentechealth.com

Coverall North America, Inc.

2021-06-01

Buyout (LBO, MBO, MBI)

Deerfield Beach, Florida · www.coverall.com

Rohrer Corp.

2021-03-17

Secondary Buyout

Wadsworth, Ohio · www.rohrer.com

HealthPRO Heritage

2021-03-15

Recapitalization

Hunt Valley, Maryland · www.healthpro-heritage.com

View All >>

Company	Acquired	Add-On/Sale	Date	#
SupplyOne, Inc.	2018-02-05	Riverside Paper Co., Inc.	2020-10-23	4
Newtown Square, Pennsylvania · www.supplyone.com	Miami, Florida · www.rpconline.com
Hoffmaster Group, Inc.	2016-10-19	Aardvark Straws	2018-08-06	2
Oshkosh, Wisconsin · www.Hoffmaster.com	Fort Wayne, Indiana · www.aardvarkstraws.com

Company

Acquired

Add-On/Sale

Date

SupplyOne, Inc.

2018-02-05

Riverside Paper Co., Inc.

2020-10-23

Newtown Square, Pennsylvania · www.supplyone.com

Miami, Florida · www.rpconline.com

Hoffmaster Group, Inc.

2016-10-19

Aardvark Straws

2018-08-06

Oshkosh, Wisconsin · www.Hoffmaster.com

Fort Wayne, Indiana · www.aardvarkstraws.com

Sector	Current #	Value	All-time #	Value
Consumer Products	1 (8%)	-	6 (11%)	-
Healthcare Services	3 (23%)	-	6 (11%)	-
Packaging	2 (15%)	-	5 (9%)	-
Distribution	1 (8%)	-	4 (8%)	1.4B (54%)
Building Materials	1 (8%)	-	4 (8%)	435M (17%)
Consumer Services	2 (15%)	-	3 (6%)	-
Manufacturing	-	-	3 (6%)	-
Staffing	-	-	3 (6%)	-
Leisure	-	-	2 (4%)	375M (15%)
Franchising	1 (8%)	-	2 (4%)	55M (2%)
Business Services	-	-	2 (4%)	-
Machinery	-	-	2 (4%)	-
Retail	1 (8%)	-	2 (4%)	-
Restaurants	-	-	1 (2%)	188M (7%)
Energy Services and Equipment	-	-	1 (2%)	133M (5%)
Automotive	-	-	1 (2%)	-
Education	-	-	1 (2%)	-
Food	-	-	1 (2%)	-
Forest Products	-	-	1 (2%)	-
Medical Products	-	-	1 (2%)	-
Safety/Security	-	-	1 (2%)	-
Transportation	1 (8%)	-	1 (2%)	-
Total	13	-	53	$2.6B

Sector

Current #

Value

All-time #

Value

Consumer Products

1 (8%)

6 (11%)

Healthcare Services

3 (23%)

6 (11%)

Packaging

2 (15%)

5 (9%)

Distribution

1 (8%)

4 (8%)

1.4B (54%)

Building Materials

1 (8%)

4 (8%)

435M (17%)

Consumer Services

2 (15%)

3 (6%)

Manufacturing

3 (6%)

Staffing

3 (6%)

Leisure

2 (4%)

375M (15%)

Franchising

1 (8%)

2 (4%)

55M (2%)

Business Services

2 (4%)

Machinery

2 (4%)

Retail

1 (8%)

2 (4%)

Restaurants

1 (2%)

188M (7%)

Energy Services and Equipment

1 (2%)

133M (5%)

Automotive

1 (2%)

Education

1 (2%)

Food

1 (2%)

Forest Products

1 (2%)

Medical Products

1 (2%)

Safety/Security

1 (2%)

Transportation

1 (8%)

1 (2%)

Total

$2.6B

State/Country	Current #	Value	All-time #	Value
United States	13 (100%)	-	48 (91%)	2.6B (100%)
	Ohio	1 (8%)	-	5 (9%)	-
	Florida	2 (15%)	-	4 (8%)	188M (7%)
	Pennsylvania	2 (15%)	-	4 (8%)	-
	Wisconsin	3 (23%)	-	3 (6%)	-
	Illinois	1 (8%)	-	3 (6%)	-
	South Carolina	-	-	3 (6%)	435M (17%)
	Texas	-	-	3 (6%)	375M (15%)
	Michigan	-	-	3 (6%)	-
	Tennessee	1 (8%)	-	2 (4%)	-
	Colorado	-	-	2 (4%)	55M (2%)
	New York	-	-	2 (4%)	-
	Georgia	-	-	2 (4%)	-
	North Carolina	1 (8%)	-	1 (2%)	-
	Minnesota	1 (8%)	-	1 (2%)	-
	Maryland	1 (8%)	-	1 (2%)	-
	Virginia	-	-	1 (2%)	1.4B (54%)
	Louisiana	-	-	1 (2%)	133M (5%)
	Oklahoma	-	-	1 (2%)	-
	New Jersey	-	-	1 (2%)	-
	Missouri	-	-	1 (2%)	-
	Massachusetts	-	-	1 (2%)	-
	Delaware	-	-	1 (2%)	-
	California	-	-	1 (2%)	-
	Alabama	-	-	1 (2%)	-
Canada	-	-	3 (6%)	-
	Quebec	-	-	2 (4%)	-
	British Columbia	-	-	1 (2%)	-
United Kingdom	-	-	2 (4%)	-
Domestic	13 (100%)	-	48 (91%)	2.6B (100%)
Cross-border	-	-	5 (9%)	-
Total	13	-	53	$2.6B

State/Country

Current #

Value

All-time #

Value

United States

13 (100%)

48 (91%)

2.6B (100%)

Ohio

1 (8%)

5 (9%)

Florida

2 (15%)

4 (8%)

188M (7%)

Pennsylvania

2 (15%)

4 (8%)

Wisconsin

3 (23%)

3 (6%)

Illinois

1 (8%)

3 (6%)

South Carolina

3 (6%)

435M (17%)

Texas

3 (6%)

375M (15%)

Michigan

3 (6%)

Tennessee

1 (8%)

2 (4%)

Colorado

2 (4%)

55M (2%)

New York

2 (4%)

Georgia

2 (4%)

North Carolina

1 (8%)

1 (2%)

Minnesota

1 (8%)

1 (2%)

Maryland

1 (8%)

1 (2%)

Virginia

1 (2%)

1.4B (54%)

Louisiana

1 (2%)

133M (5%)

Oklahoma

1 (2%)

New Jersey

1 (2%)

Missouri

1 (2%)

Massachusetts

1 (2%)

Delaware

1 (2%)

California

1 (2%)

Alabama

1 (2%)

Canada

3 (6%)

Quebec

2 (4%)

British Columbia

1 (2%)

United Kingdom

2 (4%)

Domestic

13 (100%)

48 (91%)

2.6B (100%)

Cross-border

5 (9%)

Total

$2.6B

Type	Current #	Value	All-time #	Value
Secondary Buyout	9 (69%)	-	22 (42%)	-
Buyout (LBO, MBO, MBI)	2 (15%)	-	16 (30%)	-
Going Private	-	-	5 (9%)	2.2B (83%)
Divestiture	1 (8%)	-	5 (9%)	435M (17%)
Recapitalization	1 (8%)	-	3 (6%)	-
Consolidation	-	-	2 (4%)	-
Total	13	-	53	$2.6B

Type

Current #

Value

All-time #

Value

Secondary Buyout

9 (69%)

22 (42%)

Buyout (LBO, MBO, MBI)

2 (15%)

16 (30%)

Going Private

5 (9%)

2.2B (83%)

Divestiture

1 (8%)

5 (9%)

435M (17%)

Recapitalization

1 (8%)

3 (6%)

Consolidation

2 (4%)

Total

$2.6B

Type	Total #	Value
Secondary Sale	15 (41%)	1.3B (28%)
Trade Sale	7 (19%)	1.8B (37%)
Trade Sale - Public Company	5 (14%)	1.6B (34%)
Merger	3 (8%)	-
Bankruptcy	2 (5%)	-
IPO	2 (5%)	-
Recapitalization	1 (3%)	-
Shut Down	1 (3%)	-
Unknown	1 (3%)	-
Total	37	$4.7B

Type

Total #

Value

Secondary Sale

15 (41%)

1.3B (28%)

Trade Sale

7 (19%)

1.8B (37%)

Trade Sale - Public Company

5 (14%)

1.6B (34%)

Merger

3 (8%)

Bankruptcy

2 (5%)

IPO

2 (5%)

Recapitalization

1 (3%)

Shut Down

1 (3%)

Unknown

1 (3%)

Total

$4.7B

Financial	Deals
RBC Capital Markets	2
Goldman Sachs	2
Credit Suisse Investment Banking	2

Financial

Deals

RBC Capital Markets

Goldman Sachs

Credit Suisse Investment Banking

Legal	Deals
Paul, Weiss, Rifkind, Wharton & Garrison	15
McDermott Will & Emery	6
Simpson Thacher & Bartlett	2

Legal

Deals

Paul, Weiss, Rifkind, Wharton & Garrison

McDermott Will & Emery

Simpson Thacher & Bartlett

buy	#	Total
> $1B	1	$1.4B
$100M to $1B	5	$1.1B
< $100M	1	$55M
TOTAL	$2.6B
Largest	Performance Food Group, Inc. $1.4B (2008-01-18)

buy

Total

> $1B

$1.4B

$100M to $1B

$1.1B

< $100M

$55M

TOTAL

$2.6B

Largest

Performance Food Group, Inc.
$1.4B (2008-01-18)

sell	#	Total
> $1B	1	$1.4B
$100M to $1B	8	$3.2B
< $100M	1	$90M
TOTAL	$4.7B
Largest	Vistar Corp. $1.4B (2008-05-27)

sell

Total

> $1B

$1.4B

$100M to $1B

$3.2B

< $100M

$90M

TOTAL

$4.7B

Largest

Vistar Corp.
$1.4B (2008-05-27)

		Deals
Acquired from
Investor(s)	43%	23 (43%)
Strategic(s)	9%	5 (9%)
Exited to
Investor(s)	41%	15 (41%)
Strategic(s)	41%	15 (41%)

Deals

Acquired from

Investor(s)

23 (43%)

Strategic(s)

5 (9%)

Exited to

Investor(s)

15 (41%)

Strategic(s)

15 (41%)

FAQ

When was Wellspring Capital Management founded?

Wellspring Capital Management was founded in 1995.

What type of investor is Wellspring Capital Management?

Wellspring Capital Management is a private equity firm.

Where is Wellspring Capital Management headquartered?

Wellspring Capital Management is headquartered in New York, New York.

How much capital does Wellspring Capital Management have under management?

Wellspring Capital Management has 4.5B USD under management.

Wellspring Capital Management Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary