M&A Deal Summary

NewSpring Capital Acquires Xpect Solutions

On October 15, 2024, private equity firm NewSpring Capital acquired information technology company Xpect Solutions

Acquisition Highlights
  • This is NewSpring Capital’s 25th transaction in the Information Technology sector.
  • This is NewSpring Capital’s 196th transaction in the United States.
  • This is NewSpring Capital’s 8th transaction in Virginia.

M&A Deal Summary
Date 2024-10-15
Target Xpect Solutions
Sector Information Technology
Buyer(s) NewSpring Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) KPMG Corporate Finance LLC (Financial)
Miles & Stockbridge (Legal)

Target

Xpect Solutions

Fairfax, Virginia, United States
Xpect Solutions is a provider of cutting-edge enterprise IT and security solutions to the Federal Bureau of Investigations (FBI), Department of Justice (DOJ), and the National Institutes of Health (NIH) agencies. Xpect Solutions is based in Fairfax, 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 200 of 200
Sector (Information Technology) 25 of 25
Type (Buyout (LBO, MBO, MBI)) 44 of 44
State (Virginia) 8 of 8
Country (United States) 196 of 196
Year (2024) 9 of 9
PREVIOUS 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 -
Mergr

Product

Company

Legal