NewSpring’s buyout strategy, NewSpring Holdings, has raised an additional USD120 million in a funding round led by Northleaf Capital Partners (Northleaf) and Velocity Structured Solutions.
The investment supports the strategic growth and expansion of NewSpring Holdings’ existing platform companies and the acquisition of additional platforms, where the team seeks to consolidate fragmented markets with proven leadership and technology enablement.
NewSpring Holdings executes a buy-and-build strategy that identifies, acquires, and assists in transforming founder and family-led businesses in the lower-middle market. Over the past six years, the NewSpring Holdings team has propelled its four platform companies to over USD700 million in consolidated revenue by executing its proven methodology of driving growth and margin improvement through the implementation of technology, infusion of talent, strategic M&A, and process standardisation. With a focus on long-term capital, NewSpring Holdings aims to maximise value for owners, operators, and shareholders.
“Through NewSpring’s differentiated investment approach, we partner with family-run businesses and founders to create exponential growth,” says Skip Maner, NewSpring General Partner. “Our brand of partnership is ingrained in our operating experience and focused on the alignment of values with the management teams we invest in to maintain corporate culture and foster environments that allow for smart paths to sustainable growth.”
“The key to NewSpring’s successful strategy is how grounded and thoughtful they are in their approach to the human side of the businesses they lead,” says Emil Fajersson, Director at Northleaf. “To scale their existing platform companies so effectively speaks to their firsthand experience as former operators themselves combined with an unmatched passion for building businesses. We are thrilled to partner with this team as they continue to expand on the success they’ve already achieved.”
NewSpring Holdings continues to broaden the reach of its investment approach with acquisitions into new fragmented markets using its deep network of industry leaders and influencers across a wide array of operational areas and sectors.
“Strategic M&A is fundamental to our next stage of growth, and this capital infusion will help propel our platform expansions forward,” says Lee Garber, NewSpring Holdings Partner. “We are extremely proud of the collective growth our existing platform companies have had to date and look forward to continuing to partner with more innovative founders and business owners in the future.”