Investment Summary

Spring Capital Partners and NewSpring Capital Invest In Purple RTO Holdings

On September 22, 2023, mezzanine finance firm Spring Capital Partners and private equity firm NewSpring Capital invested in franchising company Purple RTO Holdings

Investment Highlights
  • This is Spring Capital Partners’ 2nd and NewSpring Capital’s 3rd transaction in the Franchising sector.
  • This is Spring Capital Partners’ 41st and NewSpring Capital’s 185th transaction in the United States.
  • This is Spring Capital Partners’ 1st and NewSpring Capital’s 15th transaction in California.

Investment Summary

Date 2023-09-22
Target Purple RTO Holdings
Sector Franchising
Investor(s) Spring Capital Partners
NewSpring Capital
Deal Type Growth Capital

Target

Purple RTO Holdings

Los Angeles, California, United States
Purple RTO Holdings operates 63 Rent-A-Center franchise locations spread across the Midwest and Southwest. Purple RTO Holdings is based in Los Angeles, Caifornia.

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Investor(S) 2

Investor

Spring Capital Partners

Lutherville, Maryland, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.


DEAL STATS #
Overall 41 of 44
Sector (Franchising) 2 of 2
Type (Growth Capital) 15 of 16
State (California) 1 of 1
Country (United States) 41 of 44
Year (2023) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 Perimeter Insect Guard

Stonewall, Mississippi, United States

Perimeter Insect Guard is a provider of insecticide treatment services for uniforms and garments, primarily used by the various branches of the U.S. Military. The Company treats uniforms with an EPA approved chemical mixture that repels insects, protecting against numerous pathogens such as malaria, Zika virus, Dengue fever, and Lyme disease. Perimeter Insect Guard was founded in 2006 and is based in Stonewall, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Architectural Polymers

Palmerton, Pennsylvania, United States

Architectural Polymers is a manufacturer and designer of urethane (rubber) and plastic molds, or form liners, that are used in pre-cast, tilt-up, and pour-in-place concrete construction applications to create textures, patterns, graphic designs and embedded thin brick surfaces on concrete walls. Architectural Polymers was founded in 1992 and is based in Palmerton, Pennsylvania.

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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 189 of 200
Sector (Franchising) 3 of 5
Type (Growth Capital) 100 of 105
State (California) 15 of 17
Country (United States) 185 of 196
Year (2023) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-17 FiberGlass Coatings

Saint Petersburg, Florida, United States

FiberGlass Coatings manufactures and distributes epoxy, resin, and fiberglass products to a wide range of industries and applications, including marine, manufacturing & industrial, recreation, and DIY home projects and crafts. FiberGlass Coatings was founded in 1961 and is based in Saint Petersburg, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-26 Green Home Solutions

Spring Mills, Pennsylvania, United States

Green Home Solutions is a provider of home services franchisor providing mold remediation and indoor air quality services. Green Home Solutions is based in Spring Mills, Pennsylvania.

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