PennSpring Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, PennSpring Capital has acquired 3 companies. It has also invested in 1 other.

PennSpring Capital’s most common sectors for investment areinternet software and services (38%) and consumer products (13%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (75%) and divestiture (13%). In total, PennSpring Capital has invested in 5 US states.

In the last 3 years, PennSpring Capital has exited 2 companies. The Firm’s most common exit type is trade sale (100%).

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M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity8
    • M&A Sell Activity2
  • Total Sectors Invested 6
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

PennSpring Capital

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

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

Transaction Criteria Min Max
Target Revenue 10 50
Target EBITDA 2 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 (0.8/yr) # 4 - 2 1 1 - 8
Sell (0.4/yr) # - - 2 - - - 2
  10

Most Recent M&A

Company Date Value Type
Zirtual, Inc. 2023-12-12 - Divestiture
Powell, Ohio · www.zirtual.com
Burch Materials & Supplies 2022-02-16 - Buyout (LBO, MBO, MBI)
Malvern, Pennsylvania · www.burchmaterials.com
Mobiniti 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
Atlas Molding LLC 2019-05-22 - Buyout (LBO, MBO, MBI)
Leola, Pennsylvania · www.atlasmolding.com
Swing Kingdom LLC 2019-05-22 - Buyout (LBO, MBO, MBI)
Leola, Pennsylvania · www.swingkingdom.com
Securus Contact Systems 2019-01-16 - Buyout (LBO, MBO, MBI)
Happy Valley, Oregon · www.securuscontactsystems.com
PSST LLC 2018-07-26 - Buyout (LBO, MBO, MBI)
Louisville, Kentucky · www.psst.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Internet Software and Services 2 (40%) - 3 (38%) -
Consumer Products - - 1 (13%) -
Environmental 1 (20%) - 1 (13%) -
Machinery 1 (20%) - 1 (13%) -
Manufacturing - - 1 (13%) -
Software 1 (20%) - 1 (13%) -
Total 5 - 8 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (100%) - 8 (100%) -
  Pennsylvania 2 (40%) - 4 (50%) -
  Ohio 1 (20%) - 1 (13%) -
  New Jersey 1 (20%) - 1 (13%) -
  Kentucky 1 (20%) - 1 (13%) -
  Oregon - - 1 (13%) -
Total 5 - 8 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 3 (60%) - 6 (75%) -
Divestiture 1 (20%) - 1 (13%) -
Growth Capital 1 (20%) - 1 (13%) -
Total 5 - 8 -

Exits by Deal Type

Type Total # Value
Trade Sale 2 (100%) -
Total 2 -

Top M&A Advisors

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

M&A Connections

Deals
Acquired from
Strategic(s)
13%
1 (13%)
Exited to
Strategic(s)
100%
2 (100%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2018

Specialist/Generalist

Generalist

Leadership

Lou Castelli

Managing Partner

Justin Davis

Partner

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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