M&A Deal Summary

NewSpring Capital Acquires C Speed

On October 8, 2024, private equity firm NewSpring Capital acquired defense company C Speed

Acquisition Highlights
  • This is NewSpring Capital’s 1st transaction in the Defense sector.
  • This is NewSpring Capital’s 194th transaction in the United States.
  • This is NewSpring Capital’s 17th transaction in New York.

M&A Deal Summary
Date 2024-10-08
Target C Speed
Sector Defense
Buyer(s) NewSpring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

C Speed

Liverpool, New York, United States
C Speed is a provider of advanced radar systems and engineering solutions for both civilian and military applications. The company specializes in the design, prototyping, and manufacturing of state-of-the-art radar systems, with a particular focus on radar receivers, exciters, and signal processors. C Speed is based in Liverpool, New York.

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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 198 of 201
Sector (Defense) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 42 of 44
State (New York) 17 of 17
Country (United States) 194 of 197
Year (2024) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Great Harvest Bread Company

Dillon, Montana, United States

Great Harvest Bread Company is a franchise fast-casual bakery and café concept with approximately 175 locations across the U.S. Great Harvest Bread Company was founded in 1976 and is based in Dillon, Montana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-10 Burnyzz

Ocala, Florida, United States

Burnyzz is a specialized automotive services business focused on the restoration/build, sale, and service of classic and iconic cars, as well as heavy-duty trucks and trailers. It offers fully custom restoration and modernization services, in which the Company takes the body of a classic car and outfits the vehicle with entirely new parts providing modernized comfort and capabilities. Burnyzz was founded in 2010 and is based in Ocala, Florida.

Buy -
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