Investment Summary

NewSpring Capital and Tightrope Capital Partners Invest In VCI Emergency Vehicle Specialists

On June 14, 2022, private equity firms NewSpring Capital and Tightrope Capital Partners invested in automotive company VCI Emergency Vehicle Specialists

Investment Highlights
  • This is NewSpring Capital’s 1st and Tightrope Capital Partners’ 1st transaction in the Automotive sector.
  • This is NewSpring Capital’s 172nd and Tightrope Capital Partners’ 3rd transaction in the United States.
  • This is NewSpring Capital’s 15th and Tightrope Capital Partners’ 1st transaction in New Jersey.

Investment Summary

Date 2022-06-14
Target VCI Emergency Vehicle Specialists
Sector Automotive
Investor(s) NewSpring Capital
Tightrope Capital Partners
Deal Type Growth Capital

Target

VCI Emergency Vehicle Specialists

Berlin, New Jersey, United States
VCI Emergency Vehicle Specialists offers a wide range of value-added services that cover the lifecycle of an ambulance. VCI is the exclusive dealer for Horton, AEV, and Medix vehicles, three prominent ambulance brands in the Mid-Atlantic market. VCI Emergency Vehicle Specialists was founded in 1978 and is based in Berlin, New Jersey.

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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 176 of 200
Sector (Automotive) 1 of 3
Type (Growth Capital) 94 of 105
State (New Jersey) 15 of 16
Country (United States) 172 of 196
Year (2022) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Mountain Temp Services

Aspen, Colorado, United States

Mountain Temp Services is a provider of temporary staffing specializing in light industrial services with 13 branches serving the Mountain West region. As a full-service, outsourced solutions provider, MTS creates lasting partnerships with its employees and clients through a model of customer service, efficiency, integrity, and quality personnel. Mountain Temp Services is based in Aspen, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 WePackItAll

Duarte, California, United States

WePackItAll is a premier supplier of contract packaging, filling, fulfillment, and warehousing services to leading brands in the nutraceutical, dietary supplements, food & beverage, and health & beauty sectors. WPIA’s primary packaging solutions include stick packs, sachets, gummy bottles, powder / tablet bottles, and multipacks. WePackItAll was founded in 1974 and is based in Duarte, California.

Buy -
DESCRIPTION

Tightrope Capital Partners is a private equity firm focused on recapitalizations, divestitures, buyouts, and family successions of lower middle-market companies across the US. The Firm targets companies with $2 to $10 million of EBITDA and at least $10 million of revenue. Areas of interest include niche manufacturing, food, consumer products, business services, healthcare services, and medical products. Tightrope Capital Partners was formed in 2016 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 3 of 3
Sector (Automotive) 1 of 1
Type (Growth Capital) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-30 Fabulous Floors

Farmers Branch, Texas, United States

Fabulous Floors is a dealer and installer of commercial and residential flooring. Company focuses primarily on the commercial segment and provides a broad spectrum of flooring products used in renovation, replacement and expansion work, and new construction projects. Fabulous Floors was founded in 1987 and is based in Farmers Branch, Texas.

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