Investment Summary

NewSpring Capital and Alerion Capital Group Invest In MAC Panel

On June 6, 2024, private equity firms NewSpring Capital and Alerion Capital Group invested in technology hardware company MAC Panel

Investment Highlights
  • This is NewSpring Capital’s 3rd and Alerion Capital Group’s 2nd transaction in the Technology Hardware sector.
  • This is NewSpring Capital’s 190th and Alerion Capital Group’s 8th transaction in the United States.
  • This is NewSpring Capital’s 4th and Alerion Capital Group’s 1st transaction in North Carolina.

Investment Summary

Date 2024-06-06
Target MAC Panel
Sector Technology Hardware
Investor(s) NewSpring Capital
Alerion Capital Group
Deal Type Growth Capital

Target

MAC Panel

High Point, North Carolina, United States
MAC Panel provides connectivity solutions for automated test applications. Its engineering department provides custom or semi-custom, start-to-finish design, and outsourced consulting services that aim to meet all customer needs and reduce time to test. MAC Panel is based in High Point, North Carolina.

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Investor(S) 2

Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 194 of 201
Sector (Technology Hardware) 3 of 3
Type (Growth Capital) 104 of 106
State (North Carolina) 4 of 5
Country (United States) 190 of 197
Year (2024) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 Shake Smart

San Diego, California, United States

Shake Smart provides healthy, nutritious, and delicious protein shakes, protein smoothies, acai bowls, wraps, nut butter avocado toast, and more to its customers across multiple dayparts. Shake Smart was founded in 2011 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 Braner

Schiller Park, Illinois, United States

Braner is a specialist in the design and construction of ultra-precision high-performance flat rolled coil processing and automated coil handling systems. Braner’s highly engineered systems process carbon steel, brass, copper, aluminum, stainless and electrical steels, among others, to precise width, length and gauge tolerances. Braner was founded in 1956 and is based in Schiller Park, Illinois.

Buy -
Investor

Alerion Capital Group

Scottsdale, Arizona, United States

Investor Investor


Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Alerion Capital Group is a private equity group focused on investments in later-stage mid-market tech oriented businesses. Specific areas of interest include technology hardware, software and services, and technology enabled services. Prospective transaction types include recapitalizations, management led buyouts, leveraged buyouts, divestitures, and growth capital financings. The Firm seeks businesses valued between $5 and $50 million with revenues up to $100 million. Alerion prefers opportunities located in the Western US. Alerion Capital Group was established in 2000 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 8 of 8
Sector (Technology Hardware) 2 of 2
Type (Growth Capital) 4 of 4
State (North Carolina) 1 of 1
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 MicroAge

Phoenix, Arizona, United States

MicroAge is a technology services and solutions provider. MicroAge was founded in 1976 and is based in Phoenix, Arizona.

Buy -