NewSpring

NewSpring Capital, founded in 1999 and based in Radnor, Pennsylvania, is a private equity firm that focuses on equity and debt investments across the United States. The firm manages over $2 billion and employs multiple investment strategies, including growth equity, control buyouts, and mezzanine debt. NewSpring invests in innovative franchise and multi-unit concepts, primarily targeting dynamic industries such as technology, communication, and business services. With a history of investing in over 150 companies, NewSpring partners with management teams to foster growth and develop businesses into market leaders. The firm emphasizes building relationships within its extensive network of industry leaders to identify and capitalize on compelling investment opportunities.

Kamal Advani

Operating Partner

James Ashton

General Partner

Caio Azevedo

Associate

Gregory Barger

General Partner

Hart Callahan

Partner

Jacques Clariond

Analyst

Kirk Clark

Vice President

Andrew DeBacco

Senior Associate

Joe Deluca

Operating Partner

Michael DiPiano

Managing Director

Matt DiTosto

Associate

Bruce Downey

Partner

Jason Dresner

Senior Associate

Lee Garber

Partner

Matt Giangiordano

Senior Associate

Joseph A. Hawke

Partner

Jonathan Hsu

Investor

Mike Kaplan

Partner

Brian Kelly

Senior Associate

Brian Kim

Growth Equity Investor and Partner

Kristin Lee

Partner, Mezzanine Strategy

Matthew Malinowski

Senior Associate

Skip Maner

General Partner

Nathan Myers

Principal

Justin Nadile

Principal

Andrew Panzo

General Partner

Matthew Plevelich

Principal

Satya Ponnuru

General Partner

Kapila Ratnam

Partner

Glenn Rieger

General Partner

Brian Ruwe

Vice President

Daniel Salvato

Principal

Tarun Sangari

Senior Associate

Bharat Santhanam

Principal

Drew Scannell

Principal

Jonathan Schwartz

President and COO

David Siegel

Associate

Patrick Sugrue

General Partner

Matt Szymanski

Senior Associate

Robert Valvano

Principal

Bob Valvano

Principal

Anne Vazquez

General Partner

Amy Wang

Vice President

Sean Whitehead

Senior Associate

Joseph Willamson

Partner

Past deals in New Jersey

Prosperity BH

Private Equity Round in 2023
Prosperity BH handles financial services and processes of companies from the behavioral health industry. It organizes billings, provides financial data analysis, and provides accounting services. Prosperity BH is based in New Jersey, USA.

The Turning Point

Private Equity Round in 2019
The Turning Point Holding Company, LLC operates a chain of restaurants specializing in breakfast, brunch, and lunch. Founded in 1998 and headquartered in Eatontown, New Jersey, the company has multiple locations across New Jersey and Pennsylvania. The Turning Point is known for its commitment to quality, offering a made-from-scratch menu that includes fresh ingredients and locally-inspired seasonal items. Each dish is prepared to order, ensuring customization to meet customer preferences. The restaurants feature a comfortable and inviting atmosphere, with tasteful decor and a focus on cleanliness. The staff is dedicated to providing an exceptional dining experience, emphasizing friendliness and customer satisfaction. In addition to its dining services, The Turning Point also operates an online store for gift card sales.

Brown & Joseph

Private Equity Round in 2018
Brown & Joseph, LLC is a business process outsourcing company that offers a wide range of services across the United States, Asia, and Europe. Founded in 1996 and headquartered in Itasca, Illinois, the firm specializes in bankruptcy consulting, providing services such as accounting records review, demand letter drafting, settlement negotiations, litigation assistance, and mediation. Additionally, the company delivers various business intelligence solutions, including profiles, portfolio monitoring, and compliance services. Brown & Joseph also focuses on billing, cash application, dispute resolution, and credit and collections, enhancing operational efficiencies for its clients. Their enterprise applications cater specifically to the consumer packaged goods industry, offering tools for revenue management, trade promotion management, and analytics. Serving a diverse clientele across banking, finance, insurance, retail, and other sectors, Brown & Joseph aims to improve cash flow and reduce operational costs for its partners while minimizing write-offs and litigation needs. The company operates in multiple locations, including Illinois, Indiana, New Jersey, and international offices in countries such as China and Italy.

TenFour

Venture Round in 2017
TenFour LLC specializes in designing, deploying, and managing IT infrastructure and network management services through its Continuous Infrastructure Service model. The company provides a range of services, including technical consultation, proactive configuration management, remote monitoring, application inspection, and structured cabling. Its offerings encompass various aspects of IT infrastructure such as wide area networks, local area networks, unified communications, data centers, network security, and physical infrastructure. TenFour serves multiple industries, including retail, consumer packaged goods, manufacturing, financial services, insurance, healthcare, hospitality, and the public sector. Founded in 1998 and based in Morristown, New Jersey, the company was previously known as Alliant Technologies, Inc. before rebranding in April 2017. TenFour aims to simplify IT services by providing a consumption-based model, allowing clients to pay only for what they use, thereby enabling them to focus on their core business priorities.

Atlantic Metro

Private Equity Round in 2017
Atlantic Metro delivers custom-tailored IT solutions like cloud hosting, nationwide network connectivity, and secure data center colocation to Fortune 500 and mid-market companies worldwide. Their integrated platform provides the core infrastructure you need to pursue bold initiatives instead of focusing on routine maintenance. More than 900+ customers have chosen Atlantic Metro for the confidence that comes with customer-focused infrastructure solutions, support systems, and scalability. Atlantic Metro’s visionary team strives to foster long-standing relationships and is dedicated to empowering the growth and success of its customers. Atlantic Metro customers include Fortune 500 and mid-market enterprises in the manufacturing, financial, healthcare, legal, retail, and IT services industries. Atlantic Metro makes technology simple, manageable, and affordable by offering a complete computing solution with one point of payment, support, and accountability.

SUN Behavioral Health

Series A in 2016
SUN Behavioral Health, Inc. operates specialized hospitals that offer a range of behavioral health services for children, youth, adults, and seniors, addressing significant unmet needs in this sector. The company provides inpatient psychiatric care, substance abuse treatment, partial hospitalization programs, and intensive outpatient programs, along with 24-hour assessments and crisis stabilization services. Additionally, SUN Behavioral Health caters to women and supports active duty and veteran military personnel. Established in 2013 and headquartered in Red Bank, New Jersey, the organization collaborates with medical and surgical hospitals, physicians, and local community entities to deliver a comprehensive continuum of care that prioritizes personalized treatment for patients and their families.

Altus Global Trade Solutions

Private Equity Round in 2016
Altus Global Trade Solutions specializes in international accounts receivable management and commercial debt collection services. The company provides a range of offerings, including first-party and third-party collections, credit intelligence, asset and liability reports, and legal forwarding services. With a presence in North America, Latin America, Europe, and the Mid and Far East, Altus serves a diverse clientele. Founded in 1994 and based in Kenner, Louisiana, Altus has additional offices across several states and in Canada. The firm's proprietary Altus Intelligence Engine integrates advanced technology with a comprehensive international network of trained professionals, enhancing the efficiency and security of the collections process. One of its key innovations, the ARM STRONG system, developed in partnership with Salesforce.com, automates essential functions of debt collection, ultimately reducing costs and improving cash flow for its clients.

USPack

Private Equity Round in 2015
Founded in 1986 by Peter Glazman, USPack Logistics has grown steadily into the premier name in New York courier services. Since our inception they’ve held true to the simple ideal that they were founded upon: keep it personal. Over the past two decades they’ve never wavered in our dedication to personalized service standards. Still at the helm today, Mr. Glazman has pursued a strategy of measured growth through calculated acquisitions and careful investment decisions. Today they provide a wide array of same day and daily routed delivery services to New York, New Jersey, Connecticut, Washington D.C., Maryland, Virginia, Pennsylvania and beyond. Our couriers specialize in getting packages through the hustle of busy streets quickly, safely, and affordably.

TrialScope

Venture Round in 2014
TrialScope is a developer of a clinical trial management platform focused on enhancing clinical trial transparency. The platform simplifies the complexities of clinical trial disclosure by providing tools that help sponsors comply with regulatory legislation and internal policies. It enables users to register clinical trials, disclose results, and facilitate knowledge sharing and collaboration. By addressing the increasing risks, complexity, and costs tied to clinical trial disclosure, TrialScope allows sponsors to gain better control over their trial management processes. This approach not only mitigates disclosure risks but also supports the evolving needs of the life sciences industry, ultimately improving performance and optimizing efficiencies in trial management.

Atlantic Diagnostic Laboratories

Debt Financing in 2012
Atlantic Diagnostic Laboratories is a clinical laboratory that offers a comprehensive range of testing services, including microbiology, chemistry, toxicology, immunology, and virology. The laboratory serves clients across multiple states, including Pennsylvania, New Jersey, New York, Delaware, Maryland, Connecticut, Virginia, Florida, Ohio, Kentucky, and West Virginia. With over thirty years of experience, Atlantic Diagnostic Laboratories caters to a diverse clientele, such as physicians' offices, pain management clinics, drug rehabilitation centers, nursing homes, and hospitals. The facility spans 26,000 square feet and is equipped to provide personalized and efficient laboratory services. The company is particularly known for its high-end toxicology tests, which are essential for evaluating drug overdoses, both accidental and intentional, making it a valuable partner in the healthcare industry.

Raritan

Private Equity Round in 2011
Raritan, Inc. is a developer and manufacturer of power management, infrastructure management, and KVM solutions for data centers and remote offices. Founded in 1985 and headquartered in Somerset, New Jersey, the company offers a range of products including power distribution units, environmental sensors, KVM-over-IP switches, and centralized management solutions. These products enable IT administrators to monitor, access, and control servers and other IT devices effectively. Raritan's solutions include energy management software, asset tracking, capacity management, and change management tools, aimed at optimizing data center operations. The company also provides remote office management solutions, allowing centralized IT staff to manage branch networks efficiently. Raritan's offerings are available through various channels, including catalog partners, direct marketers, and state and federal acquisition contracts. With a strategic partnership with Innovative Research, Raritan continues to innovate in the field of data center infrastructure management.

EKR Therapeutics

Series D in 2008
EKR Therapeutics, Inc., a specialty pharmaceutical company, focuses on acquiring, developing, and commercializing prescription products and oncology supportive care. It focuses on various areas, including oral mucositis, stomatitis, dry mouth/xerostomia, nutritional issues, cachexia, skin reactions, bone marrow depression, bone complications, acute and chronic pain, nausea, vomiting, and diarrhea. The company was founded in 2005 and is based in Bedminster, New Jersey.

Sopherion

Venture Round in 2008
Sopherion Therapeutics, LLC is a privately held biopharmaceutical company based in Princeton, New Jersey, with additional offices in Cheshire, Connecticut, and Estero, Florida, as well as a subsidiary in Toronto, Canada. The company specializes in the development and commercialization of oncology therapies, notably Myocet™, a liposome-encapsulated doxorubicin-citrate complex designed to reduce cardiotoxicity. Sopherion holds an exclusive licensing agreement with Cephalon, Inc. for Myocet™ in the United States and Canada. The firm is currently conducting a Phase III global trial to evaluate Myocet™ in combination with Herceptin® and Taxol for treating invasive, metastatic breast cancer. This trial, which aims to recruit 363 patients across twelve countries, builds on promising Phase II results that demonstrated a 96% response rate and a median progression-free survival of two and a half years. Myocet™ is already registered for use in Canada and Europe in combination with cyclophosphamide for similar indications. Sopherion is also exploring additional oncology agents through its Minicell Peptide Display screening technologies.

EKR Therapeutics

Series C in 2007
EKR Therapeutics, Inc., a specialty pharmaceutical company, focuses on acquiring, developing, and commercializing prescription products and oncology supportive care. It focuses on various areas, including oral mucositis, stomatitis, dry mouth/xerostomia, nutritional issues, cachexia, skin reactions, bone marrow depression, bone complications, acute and chronic pain, nausea, vomiting, and diarrhea. The company was founded in 2005 and is based in Bedminster, New Jersey.

Community Education Centers, Inc.

Funding Round in 2007
Community Education Centers, a provider of rehabilitative services in reentry and in-prison treatment facilities as well as management services for county, state and federal correctional and detention facilities.
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