M&A Deal Summary

PennSpring Capital Acquires EastRock Solutions

On February 16, 2022, private equity firm PennSpring Capital acquired machinery company EastRock Solutions

Acquisition Highlights
  • This is PennSpring Capital’s 1st transaction in the Machinery sector.
  • This is PennSpring Capital’s 8th transaction in the United States.
  • This is PennSpring Capital’s 5th transaction in Pennsylvania.

M&A Deal Summary
Date 2022-02-16
Target EastRock Solutions
Sector Machinery
Buyer(s) PennSpring Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Murphy McCormack Capital Advisors (Financial)
Barley Snyder (Legal)

Target

EastRock Solutions

Malvern, Pennsylvania, United States
EastRock Solutions provides the aggregate, mining, and material processing industries with equipment and supplies. EastRock Solutions is based in Malvern, Pennsylvania.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

PennSpring Capital

Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Agnostic
DESCRIPTION

PennSpring Capital is a private investment firm focused on acquiring profitable, lower middle-market companies with up to $5 million of EBITDA. The Firm will consider both established as well as emerging/growth companies, and generally prefers opportunities throughout the East region of the US. Areas of interest include business services, sports, media/technology, healthcare, and education services. PennSpring Capital was formed in 2018 and is headquartered in Lancaster, Pennsylvania.

DEAL STATS #
Overall 8 of 10
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 7
State (Pennsylvania) 5 of 6
Country (United States) 8 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 Mobiniti

Wilkes-Barre, Pennsylvania, United States

Mobiniti is a text marketing platform that helps customers expand their sales through mobile marketing and SMS alert efforts through a market-leading software platform. Mobiniti provides text marketing services to more than 1,000 organizations across numerous industries. Mobiniti was founded in 2014 and is based in Wilkes-Barre, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Environmental Remediation and Financials Services

Sea Girt, New Jersey, United States

Environmental Remediation and Financials Services develops in-situ (subsurface) soil and groundwater remediation technologies, and is recognized for industry-first innovations and financial strategies. Since pioneering the first Pay-for-Performance (PfP) contracting programs for remediation, ERFS has successfully completed hundreds of remediation projects across America and Japan for government agencies, public corporations, and heavy industry. Environmental Remediation and Financials Services was formed in 1998 and is based in Sea Girt, New Jersey.

Sell -
Mergr

Product

Company

Legal