PennSpring Capital

PennSpring Capital, LLC is a private equity and venture capital firm based in Lancaster, Pennsylvania, founded in 2018. The firm specializes in the lower middle market, focusing on management buyouts, recapitalizations, corporate carve-outs, and growth stage investments across various sectors, including business services, healthcare services, education services, manufacturing, and technology. PennSpring targets companies with revenues between $10 million and $50 million and EBITDA ranging from $750,000 to $5 million. The firm prefers to take a majority stake in its investments, typically involving transaction sizes from $3 million to $30 million for private equity and up to $1 million for venture capital. PennSpring Capital is particularly interested in opportunities within the United States and avoids heavily regulated and commodity-based industries.

Emily Bomberger

Partner

Lou Castelli

Managing Partner

Justin Davis

Partner

6 past transactions

Norton Jackson

Acquisition in 2021
Norton Jackson serves business owners who are thinking of selling their business or growing through recapitalization or acquisition. We help identify the issues related to the goals of business owners, work with them to define priorities, and develop a comprehensive action plan and timeline. We complement the business owner’s existing advisors to help educate, evaluate, strategize and execute transactions that meet shareholder goals.

Atlas Molding

Acquisition in 2019
Atlas Molding, LLC is a manufacturer based in Leola, Pennsylvania, specializing in rotational molding and rotomold products. Established in 2009, the company designs and produces a range of hollow parts using rotomolding, a thermoplastic process. In addition to its manufacturing capabilities, Atlas Molding is involved in the wholesale distribution of various swing set components, including swings, rotomolded slides, tunnels, and playground roof structures. Its product lineup also features hardware items such as eye lag bolts, tire eye bolts, quick links, swing hangers, and landscape pins. The company serves diverse industries, including toy, recreational, medical, construction, and automotive sectors, providing technical expertise and a broad array of products to meet client needs.

Swing Kingdom

Acquisition in 2019
Swing Kingdom LLC is a manufacturer of vinyl playground equipment, catering to both commercial and residential markets. Established in 2007 and headquartered in Leola, Pennsylvania, the company specializes in a diverse range of products, including swing sets, play sets, and playhouses. They offer various themed play sets such as Discovery Island and Kingdom Adventure, as well as residential options like the Double Tower and Kastle Tower. Swing Kingdom focuses on designing and constructing customized playground equipment that integrates PVC and structural wood, complemented by stainless steel hardware for enhanced durability. Their products are designed to promote active play and enrich children's play experiences, making them suitable for children of all ages.

Securus Contact Systems

Acquisition in 2019
Securus Contact Systems, LLC, based in Portland, Oregon, specializes in providing virtual receptionist and call center services to a diverse range of organizations, from small startups to large corporations. Founded in 2012, the company offers 24/7 live receptionist services along with a suite of customizable tools that facilitate call handling, including appointment scheduling, sales lead capturing, and real-time notifications. Securus also provides management of back-office activities, allowing businesses to enhance client relationships and improve customer experiences without the need for extensive infrastructure. By leveraging its proprietary software platform, Securus enables service-based businesses to operate efficiently and cost-effectively, ensuring they maintain a professional presence in communications.

PSST

Acquisition in 2018
PSST provides database integration solutions that help school systems, municipalities and businesses increase the efficiency and effectiveness of human resources, finance and payroll management. Their solutions are customizable cloud-based and desktop applications that are seamless, intelligent and bi-directional.
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