Investment Summary

Calvert Street Capital Partners and NewSpring Capital Invest In D2K Traffic Safety

On September 21, 2022, private equity firms Calvert Street Capital Partners and NewSpring Capital invested in safety/security company D2K Traffic Safety

Investment Highlights
  • This is Calvert Street Capital Partners’ 1st and NewSpring Capital’s 2nd transaction in the Safety/Security sector.
  • This is Calvert Street Capital Partners’ 20th and NewSpring Capital’s 175th transaction in the United States.
  • This is Calvert Street Capital Partners’ 2nd and NewSpring Capital’s 5th transaction in Illinois.

Investment Summary

Date 2022-09-21
Target D2K Traffic Safety
Sector Safety/Security
Investor(s) Calvert Street Capital Partners
NewSpring Capital
Deal Type Growth Capital

Target

D2K Traffic Safety

Naperville, Illinois, United States
D2K Traffic Safety is an industrial service business specializing in traffic safety services including traffic control, pavement marking, signing, and flagging. D2K’s primary customers include Heavy-Highway contractors, municipalities, utility firms and contractors, airports, and developers in the Chicagoland area. D2K Traffic Safety was founded in 2013 and is based in Naperville, Illinois.

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Investor(S) 2

Investor

Calvert Street Capital Partners

Lutherville, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 526M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Calvert Street Capital Partners (CSCP) is a private equity firm that invests in mid-sized companies. CSCP will consider opportunities across the US with a preference for opportunities located in the Eastern US. The Firm generally targets investments in scalable niche manufacturing, industrial, and business service companies. CSCP looks to invest $15 to $50 million per transaction. CSCP will not invest in start-ups, early stage venture capital, real estate or in companies that develop rapidly changing technology. Calvert Street Capital Partners was formed in 1995 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 21 of 21
Sector (Safety/Security) 1 of 1
Type (Growth Capital) 4 of 4
State (Illinois) 2 of 2
Country (United States) 20 of 20
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Up to Date Laundry

Baltimore, Maryland, United States

Up To Date Laundry is a large healthcare laundry on the east coast, processing close to 70 million pounds of healthcare linen each year. It offers rental and customer-owned goods processing, as well as full exchange cart programs for hospitals in the Mid-Atlantic region. Its non-acute division, Up To Date Healthcare, offers a full line of healthcare linen rental items for doctor’s offices, surgery centers, hospital off-sites, and nursing homes.

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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 179 of 200
Sector (Safety/Security) 2 of 2
Type (Growth Capital) 95 of 105
State (Illinois) 5 of 6
Country (United States) 175 of 196
Year (2022) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Emtec

Jacksonville, Florida, United States

Emtec provides information technology (IT) services and products to the federal, state, and local government, education, and commercial markets. It helps clients identify and prioritize areas for improvement and then implement the process, technology, and business application improvements that reduce costs, improve service and align the delivery of IT with the needs of their organizations. Emtec was founded in 1964 and is based in Jacksonville, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 Manitowoc Tool & Machining

Manitowoc, Wisconsin, United States

Manitowoc Tool & Machining is a midwestern manufacturer that produces a wide variety of precision machined parts sold primarily to industrial equipment manufacturing companies. Manitowoc Tool & Machining was founded in 1965 and is based in Manitowoc, Wisconsin.

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