Investment Summary

NewSpring Capital and Tecum Capital Invest In Shake Smart

On March 14, 2024, private equity firms NewSpring Capital and Tecum Capital invested in food company Shake Smart

Investment Highlights
  • This is NewSpring Capital’s 2nd and Tecum Capital’s 3rd transaction in the Food sector.
  • This is NewSpring Capital’s 189th and Tecum Capital’s 82nd transaction in the United States.
  • This is NewSpring Capital’s 17th and Tecum Capital’s 3rd transaction in California.

Investment Summary

Date 2024-03-14
Target Shake Smart
Sector Food
Investor(s) NewSpring Capital
Tecum Capital
Deal Type Growth Capital

Target

Shake Smart

San Diego, California, United States
Shake Smart provides healthy, nutritious, and delicious protein shakes, protein smoothies, acai bowls, wraps, nut butter avocado toast, and more to its customers across multiple dayparts. Shake Smart was founded in 2011 and is based in San Diego, California.

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Investor(S) 2

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 193 of 201
Sector (Food) 2 of 3
Type (Growth Capital) 103 of 106
State (California) 17 of 17
Country (United States) 189 of 197
Year (2024) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-22 ASI

Fullerton, California, United States

ASI is a provider of specialized therapy for children living with autism spectrum disorder (ASD). ASI provides behavioral health services with a specialty in therapy for children living with ASD. ASI is based in Fullerton, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 MAC Panel

High Point, North Carolina, United States

MAC Panel provides connectivity solutions for automated test applications. Its engineering department provides custom or semi-custom, start-to-finish design, and outsourced consulting services that aim to meet all customer needs and reduce time to test. MAC Panel is based in High Point, North Carolina.

Buy -
Investor

Tecum Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.


DEAL STATS #
Overall 82 of 83
Sector (Food) 3 of 3
Type (Growth Capital) 28 of 28
State (California) 3 of 3
Country (United States) 82 of 83
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 CM Industries

Lake Zurich, Illinois, United States

CM Industries is a manufacturer of branded welding equipment and consumable welding supplies. CM Industries sells a full range of branded products including robotic, MIG, and TIG equipment and all associated peripherals and consumables. CM’s distributors serve a broad range of customers in the United States, Mexico, Canada, and Germany. CM Industries is based in Lake Zurich, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 Kadon

Rockford, Illinois, United States

Kadon specializes in Swiss turn, milling, lathe, and multi-axis precision machining and assembly for the aerospace, defense, space, and industrial end markets. It is ISO 9001 and AS9100D certified and has over 70,000 square feet of manufacturing space and 100+ long-tenured and skilled employees. Kadon was formed in 1952 and is based in Rockford, Illinois.

Buy -