Investment Summary

NewSpring Capital Invests In Airiam

On January 1, 2021, private equity firm NewSpring Capital invested in information technology company Airiam

Investment Highlights
  • This is NewSpring Capital’s 22nd transaction in the Information Technology sector.
  • This is NewSpring Capital’s 151st transaction in the United States.
  • This is NewSpring Capital’s 39th transaction in Pennsylvania.

Investment Summary
Date 2021-01-01
Target Airiam
Sector Information Technology
Investor(s) NewSpring Capital
Deal Type Growth Capital

Target

Airiam

Lewisburg, Pennsylvania, United States
Airiam is an IT managed service provider focused on managed services, cybersecurity, incident response, hosted services, and custom development. Airiam is based in Lewisburg, Pennsylvania.

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Investor(S) 1

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 153 of 200
Sector (Information Technology) 22 of 25
Type (Growth Capital) 76 of 105
State (Pennsylvania) 39 of 45
Country (United States) 151 of 196
Year (2021) 2 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Digital Stronghold

Huntsville, Alabama, United States

Digital Stronghold is a multi-brand platform supporting digitally native men’s apparel, accessories and grooming brands in accelerating their growth. Digital Stronghold is based in Huntsville, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 FlashParking

Austin, Texas, United States

FlashParking is the cloud-native parking technology platform and provides industry-leading digital and physical infrastructure. This platform creates seamless customer experiences and increases ROI while also connecting thousands of operators and asset owners with a real-time marketplace for digital mobility. FlashParking was founded in 2011 and is based in Austin, Texas.

Buy -
Mergr

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