M&A Deal Summary

NewSpring Capital Acquires Bridge Core

On July 26, 2023, private equity firm NewSpring Capital acquired information technology company Bridge Core

Acquisition Highlights
  • This is NewSpring Capital’s 24th transaction in the Information Technology sector.
  • This is NewSpring Capital’s 183rd transaction in the United States.
  • This is NewSpring Capital’s 7th transaction in Virginia.

M&A Deal Summary
Date 2023-07-26
Target Bridge Core
Sector Information Technology
Buyer(s) NewSpring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Bridge Core

McLean, Virginia, United States
Bridge Core is a federal services company that provides visual intelligence, cybersecurity, and other technical solutions to the U.S. government intelligence community. The company leverages a unique tech-to-mission concept, agility, and speed in delivering services that drive true value for its intelligence agency clients. Bridge Core is based in McLean, Virginia.

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Buyer(S) 1

Buyer

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 187 of 200
Sector (Information Technology) 24 of 25
Type (Buyout (LBO, MBO, MBI)) 39 of 44
State (Virginia) 7 of 8
Country (United States) 183 of 196
Year (2023) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Healthworks

Douglassville, Pennsylvania, United States

Healthworks offers specialty nursing and tech personnel to providers in the fields of invasive and non-invasive cardiovascular services to assist with and perform diagnostic imaging and interventional procedures, including cardiac catheterizations, EP studies, interventional radiology procedures, echocardiography, cardiac stress testing, and ultrasound scanning. Healthwork was founded in 1997 and is based in Douglassville, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-17 FiberGlass Coatings

Saint Petersburg, Florida, United States

FiberGlass Coatings manufactures and distributes epoxy, resin, and fiberglass products to a wide range of industries and applications, including marine, manufacturing & industrial, recreation, and DIY home projects and crafts. FiberGlass Coatings was founded in 1961 and is based in Saint Petersburg, Florida.

Buy -
Mergr

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