NewSpring

NewSpring Capital, founded in 1999 and based in Radnor, Pennsylvania, is a private equity firm that specializes in equity and debt investments across a variety of sectors within the United States. The firm manages over $2 billion across multiple strategies, including growth equity, control buyouts, and mezzanine debt. NewSpring has invested in more than 150 companies, focusing on areas such as business services, technology, security, and business intelligence. Additionally, NewSpring Franchise targets innovative franchise and multi-unit concepts in expanding markets. The firm collaborates closely with management teams to identify growth opportunities and leverage its extensive network of industry leaders to enhance the operational capabilities and market leadership of its portfolio companies.

James Ashton

General Partner

Jim Ashton

General Partner

Bree Buysse

Associate

Hart Callahan

Partner

Annie Caucci

Director of Marketing, Business Development And Investor Relations

Kirk Clark

Associate

Michael Davis

Associate of Fundraising

Joe Deluca

Operating Partner

Michael DiMartile

Director of Investor Relations

Michael DiPiano

Co-Founder & Managing General Partner

Bruce Downey

Partner

Travis Escobedo

Director of Fundraising

Lee A. Garber

Vice President

Steve Hobman

General Partner

Mike Kaplan

Partner

Brian Kim

Partner

Mike Kubacki

Director of Finance

Chet Kumar

Associate

Gordon Lawson

Associate

Marc Lederman

Co-Founder & General Partner

Kristin Lee

Partner, Mezzanine Strategy

Skip Maner

General Partner

Brian G. Murphy

General Partner

Justin Nadile

Principal

Andrew Panzo

General Partner

Matthew Plevelich

Vice President

Kapila Ratnam

Partner

Glenn Rieger

General Partner

Brian Ruwe

Associate

Bharat Santhanam

Principal

Drew Scannell

Principal

Ryan Schafer

Vice President, Business Development

Jonathan Schwartz

President and COO

Kenny Straub

Senior Associate

Patrick Sugrue

General Partner

Mitchell Sussman

Associate

Matt Szymanski

Associate

Robert Valvano

Principal

Bob Valvano

Principal

Anne Vazquez

Partner

Adam Veverka

Managing Director of Business Development

Amy Wang

Associate

Past deals in Pennsylvania

Federal Donuts

Private Equity Round in 2022
Federal Donuts is a culinary pioneer in the fast-casual space with Donuts, Fried Chicken, and Coffee.

Duck Donuts

Acquisition in 2021
Duck Donuts Franchising Company is a food and beverage chain making donuts on order.

Veritas Medical Solutions

Private Equity Round in 2020
Veritas Medical Solutions focuses on the design, production, and installation of pre-engineered radiation-shielded treatment facilities, and serves radiotherapy oncology, medical imaging, industrial inspection, and other industries requiring specialized radiation protection.

The Turning Point

Private Equity Round in 2019
The Turning Point Holding Company, LLC is a restaurant group founded in 1998 and headquartered in Eatontown, New Jersey. The company specializes in breakfast, brunch, and lunch, operating multiple locations across New Jersey and Pennsylvania. The Turning Point is known for its commitment to quality, offering a menu that emphasizes fresh, made-from-scratch ingredients, including soups, dressings, and salsas. Each dish is prepared to order, ensuring that customers receive meals tailored to their preferences. The restaurants feature a comfortable and inviting atmosphere, with tasteful decor that includes natural wood floors and real plants. The staff is trained to prioritize customer satisfaction, fostering a friendly environment to enhance the dining experience. In addition to its restaurant operations, The Turning Point also runs an online store that sells gift cards.

Vybe

Private Equity Round in 2018
Provider of medical care services intended to deliver care to adults and children around the clock. The company's services include a range of injury and illness treatments, physical exams and occupational health and workers' compensation treatments, vaccinations, laboratory tests, and screenings, enabling patients to receive emergency care without any delay.

Energage

Venture Round in 2017
Energage, LLC operates an employee engagement platform designed to help organizations unlock the potential of their workforce. Founded in 2006 and headquartered in Exton, Pennsylvania, the company offers a range of tools for employee feedback and performance improvement. Energage conducts employee surveys, analyzes the results, and provides actionable insights, coaching, and consulting to enhance workplace culture. Over 13 years, Energage has studied more than 17 million employee survey responses from over 50,000 organizations, identifying key factors that distinguish Top Workplaces. By integrating research, neuroscience principles, and expert guidance, the platform enables organizations to reduce turnover, boost productivity, improve teamwork, and enhance return on investment. Energage's focus on cultivating a positive workplace culture helps organizations compete effectively in their respective markets.

Lynn Electronics

Private Equity Round in 2017
Lynn Electronics Corporation manufactures data and telecommunications products for the OEM and communication/data market place. The company offers copper patch cords and hardware; fiber optic patch cords and hardware; media converters, SFP modules, XFP modules, and switches; audio/video cables and hardware; power cords; telephone cords and accessories; coax cable assemblies; custom cable assemblies; and USB, PC, and miscellaneous computer cables. Its services include custom bundling, custom labeling, prototyping, OEM manufacturing, kitting, box and chassis builds, and turnkey manufacturing.

Sussex Wire

Venture Round in 2017
Sussex Wire is a cold forming and roll forming company that collaborates with clients’ design engineers to lower cost, increase mechanical durability and reduce carbon footprint for component part tolerances down to +/- 0.0005”. The company specializes in critical custom applications in the medical device, healthcare consumables, aerospace, defense, consumer electronics, semi-conductor and hermetic assembly market segments.

Relay Network

Series B in 2016
Relay Network, LLC operates as a technology company that connects brands to their customers on a private messaging application. It sends messages on behalf of businesses; and let the customers opt in to receive messages on behalf of their service providers. The company serves healthcare, financial services, insurance, cable, energy, travel, and hospitality industries. Relay Network, LLC was incorporated in 2009 and is based in Radnor, Pennsylvania.

Journey Sales

Series A in 2015
Journey Sales connects B2B buying and selling teams together, from initial contact to close, and beyond the first customer sale. With Smart Rooms by Journey Sales, sales teams can collaborate and engage consistently with the insights and analytics needed to close business more predictably. Unlike other sales engagement solutions, Journey Sales focuses on improving the customer's buying experience throughout the sales process. With Smart Rooms, teams can easily engage, collaborate and facilitate consensus with everyone involved in the decision-making process, all in one place and all within Salesforce.

USPack Logistics

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.

Archer

Private Equity Round in 2015
Archer know the challenges of investment managers because they experienced them firsthand. Like many people in the industry, their team was frustrated with systems and tools that fell short when it came to automation and required a specialized workforce with constant work arounds. They needed a better solution. So they created it ourselves. The Archer platform would be the industry’s first and total web-based solution. With an instantly familiar interface, unrivaled processing capabilities, and powerful service flexibility, it was unlike anything that came before. Today, they’ve paired their platform with a selective outsourcing offering that completely frees investment managers to grow their businesses, regardless of channel or scale. What was once their vision for the industry is now a reality.

S. Walter Packaging

Private Equity Round in 2014
Founded in 1904 by prominent Philadelphia businessman Simon Walter, S. Walter Packaging started off simple by focusing on kraft paper bags and wrappings. Simon wasn’t just a Philadelphia businessman, but he also saw the importance of growth and innovation. He paved the way for the construction of one of the two main subway lines through the city of Philadelphia (the Broad Street Line), and was a prominent figure in local politics.

RightCare Solutions

Series B in 2014
RightCare Solutions, founded in 2011 and based in Horsham, Pennsylvania, specializes in evidence-based technology aimed at enhancing hospital discharge planning and managing patient readmissions. The company's proprietary Discharge Decision Support System, known as D2S2, empowers healthcare providers—including hospitals, insurers, and homecare agencies—to optimize their discharge processes. By enabling the identification and prediction of high-risk patients at the time of admission, RightCare Solutions helps improve patient outcomes and the overall quality of care. This approach not only supports healthcare providers in reducing the burden of 30-day readmissions but also contributes to a more effective continuum of care.

Relay Network

Series A in 2014
Relay Network, LLC operates as a technology company that connects brands to their customers on a private messaging application. It sends messages on behalf of businesses; and let the customers opt in to receive messages on behalf of their service providers. The company serves healthcare, financial services, insurance, cable, energy, travel, and hospitality industries. Relay Network, LLC was incorporated in 2009 and is based in Radnor, Pennsylvania.

Relay Network

Series A in 2012
Relay Network, LLC operates as a technology company that connects brands to their customers on a private messaging application. It sends messages on behalf of businesses; and let the customers opt in to receive messages on behalf of their service providers. The company serves healthcare, financial services, insurance, cable, energy, travel, and hospitality industries. Relay Network, LLC was incorporated in 2009 and is based in Radnor, Pennsylvania.

Atlantic Diagnostic Laboratories

Debt Financing in 2012
Atlantic Diagnostic Laboratories provides microbiology, chemistry, toxicology, immunology, and virology testing services for Pennsylvania, New Jersey, New York, Delaware, Maryland, Connecticut, District of Columbia, Virginia, Florida, Ohio, Kentucky and West Virginia. They are dedicated for providing personalized, efficient, quality-oriented laboratory services in their state-of-the-art 26,000 square foot facility. They are a growing force in the healthcare industry, and have been providing customized service to a wide array of clientele, including Physicians Offices, Pain Management Clinics, Drug Rehabilitation Clinics, Nursing Homes, Hospitals and more for over thirty years.

Cellucap Manufacturing

Debt Financing in 2011
Cellucap manufactures and distributes disposable protective apparel and related products for food service, healthcare, and safety.

Quintiq

Private Equity Round in 2011
Quintiq focuses on providing the most advanced planning, scheduling and supply chain optimization software solutions for targeted markets. As the market leader in its chosen markets they provide solutions that significantly improve the main KPI's of their customers.

CODi

Debt Financing in 2011
CODi, Inc. manufactures and supplies laptop bags, backpacks, and cases, as well as tablet cases, locks, custom solutions, and mobile security accessories for mobile business professionals and Fortune 100 professionals. It offers airport checkpoint friendly bags, wheelers, and iPad cases. The company sells its products through resellers and a network of distributors in the United States; and online. CODi, Inc. was founded in 1992 and is based in Harrisburg, Pennsylvania.

Relay Network

Series A in 2011
Relay Network, LLC operates as a technology company that connects brands to their customers on a private messaging application. It sends messages on behalf of businesses; and let the customers opt in to receive messages on behalf of their service providers. The company serves healthcare, financial services, insurance, cable, energy, travel, and hospitality industries. Relay Network, LLC was incorporated in 2009 and is based in Radnor, Pennsylvania.

Core Essence Orthopaedics

Series B in 2011
Core Essence Orthopaedics is staffed with experienced surgical device developers and executives who share a vision and have a track record of understanding and penetrating the market, providing significant resources to support education in the O.R. and achieving wide acceptance of new and superior technologies and devices. Their company is committed to enabling surgeons to perform minimally invasive and arthroscopic procedures and empowering those surgeons to meet the growing needs of their active patients—restoring function and quality of life through minimally invasive and arthroscopic surgical techniques. They focus on medical devices for soft tissue and skeletal repair of the extremities.

MinSec

Private Equity Round in 2010
MinSec is a private company that operates for the treatment of chemical dependency and mental health disorders. The company was founded in 1995 and is headquartered in Wallingford, Pennsylvania, United States.

Precyse

Series A in 2010
Precyse Solutions, LLC is a health information management (HIM) company based in Wayne, Pennsylvania, specializing in medical records management and performance solutions for healthcare facilities across the United States. Founded in 1999, Precyse offers a comprehensive suite of services that includes medical coding, clinical documentation improvement, cancer registry management, and medical transcription. Their integrated platform features tools for inpatient and outpatient coding, as well as an online education system that provides training and resources on ICD-10 compliance. Additionally, Precyse offers consulting services focused on case management and utilization review, aiming to enhance the overall quality of healthcare delivery and efficiency for its clients. Through its innovative solutions, Precyse seeks to advance health information practices and outcomes in the healthcare sector.

iPipeline

Venture Round in 2009
iPipeline is a provider of web-based software solutions designed to enhance sales distribution for the insurance and financial services sectors. The company is dedicated to driving straight-through processing, which streamlines operations and improves efficiency for its clients. iPipeline focuses on building strong partnerships with its customers and collaborators, emphasizing open communication and innovation. By offering a comprehensive suite of tools, the company supports the unique needs of the insurance and financial industries on a global scale.

IDC Westinghouse

Private Equity Round in 2009
IDC Westinghouse operates in the energy sector, primarily focusing on nuclear technology and solar lighting solutions. The company is recognized for supplying safe and innovative nuclear technology, delivering reliable nuclear power plants, nuclear fuel, and various plant automation services to utility customers globally. Emphasizing a commitment to safety and sustainability, IDC Westinghouse leverages its extensive history and experience to enhance the efficiency and dependability of nuclear energy. Additionally, the company offers a diverse range of solar landscape lighting products that are noted for their durability and professional quality, catering to both residential and commercial markets.

Thermacore, Inc.

Debt Financing in 2008
Thermacore specializes in the custom design, development, and manufacturing of thermal management systems and components for a variety of OEM applications across a set of global markets that includes Military/Aerospace, Computer, Communication, Energy Conversion, Medical, Transportation, Test Equipment, and Automotive.

Core Essence Orthopaedics

Series A in 2008
Core Essence Orthopaedics is staffed with experienced surgical device developers and executives who share a vision and have a track record of understanding and penetrating the market, providing significant resources to support education in the O.R. and achieving wide acceptance of new and superior technologies and devices. Their company is committed to enabling surgeons to perform minimally invasive and arthroscopic procedures and empowering those surgeons to meet the growing needs of their active patients—restoring function and quality of life through minimally invasive and arthroscopic surgical techniques. They focus on medical devices for soft tissue and skeletal repair of the extremities.

iPipeline

Series A in 2008
iPipeline is a provider of web-based software solutions designed to enhance sales distribution for the insurance and financial services sectors. The company is dedicated to driving straight-through processing, which streamlines operations and improves efficiency for its clients. iPipeline focuses on building strong partnerships with its customers and collaborators, emphasizing open communication and innovation. By offering a comprehensive suite of tools, the company supports the unique needs of the insurance and financial industries on a global scale.

Precyse

Private Equity Round in 2008
Precyse Solutions, LLC is a health information management (HIM) company based in Wayne, Pennsylvania, specializing in medical records management and performance solutions for healthcare facilities across the United States. Founded in 1999, Precyse offers a comprehensive suite of services that includes medical coding, clinical documentation improvement, cancer registry management, and medical transcription. Their integrated platform features tools for inpatient and outpatient coding, as well as an online education system that provides training and resources on ICD-10 compliance. Additionally, Precyse offers consulting services focused on case management and utilization review, aiming to enhance the overall quality of healthcare delivery and efficiency for its clients. Through its innovative solutions, Precyse seeks to advance health information practices and outcomes in the healthcare sector.

LiquidHub

Series A in 2007
LiquidHub is a customer engagement company that combines deep technical expertise with compelling user experience and design. They help their clients with everything from strategy, innovation, and design to enterprise architecture and technology integration. They service companies globally, helping them solve their most complex challenges through design expertise and innovation. The company was founded in 2001 and is headquartered in Wayne, Pennsylvania.
RedPath Integrated Pathology, LLC operates as a reference laboratory and provides support services for oncology cases. It offers PathFinderTG, a testing platform for resolving diagnoses from the original pathology specimen. The company serves pathologists, clinicians, and patients. RedPath Integrated Pathology, LLC was founded in 2004 and is headquartered in Pittsburgh, Pennsylvania.

Nitric Bio

Series A in 2006
NitricBio is a mid-stage specialty pharmaceutical company focused on the dermatology and podiatry markets, with two unique drug delivery technologies. The first technology involves the development and commercialization of topical nitric oxide gas. Nitric oxide has both direct and regulatory actions with known anti-infective and anti-inflammatory properties. The company's current focus is on the development of a treatment for moderate-to-severe tinea pedis (athlete's foot), which is currently in late Phase 2 clinical trials.

FlagZone

Private Equity Round in 2005
FlagZone is a manufacturer of US, state, foreign, marine, message, and custom flags. The company also offers flagpoles and other flag-related products.

Immune Control

Series A in 2005
Immune Control, Inc. was formed in 2001 based on technology developed in the laboratories of Professors Bradford Jameson and Ana Tretiakova, Department of Biochemistry, Drexel University College of Medicine. Initial funding came from Argil Management, LLC, of Boston. In 2003, Stephen Roth, Ph.D., became president and CEO of Immune Control. The Company plans to complete an investigational new drug (IND) application to be submitted to the Food and Drug Agency in 2005. The IND application will propose the use of an already marketed serotonin antagonist in multiple myeloma patients in a small, and relatively short, phase 1/2 clinical trial. If the drug has significant, clinical efficacy against the malignant B cells characteristic of multiple myeloma, they would immediately begin plans for a larger, phase 3 trial. Positive results in the first trial would constitute clinical proof-of-concept for the Company's basic premise-that serotonin antagonists have clinical utility against inappropriately activated immune cells. Another Company goal focuses on proprietary serotonin antagonists that are more potent than those already approved, and that do not cross the blood-brain barrier, making them free of adverse neurological side-effects. Such new chemical entities would be screened for their abilities to bind to specific immunological serotonin receptors, which are now being characterized. The Company has made progress with at least two receptors, one of which has apparently not previously been described. Research on the molecular biology of the receptors is underway at Drexel University College of Medicine, and new chemical entities to be screened for serotonin antagonist activity are being synthesized for the Company. Ultimately, they hope to find compounds that can be used against many hematologic cancers, transplant rejection, and against a host of diseases that are all caused by inappropriate lymphocyte activation. Examples of such diseases are type I diabetes, rheumatoid arthritis, lupus, asthma, and many of the muscular dystrophies. The market size for drugs that treat each of these conditions exceeds a billion dollars. Simultaneously, the Company aggressively protects its intellectual property with patent applications. Novel use applications, novel compound applications, and novel receptor applications are all examples of the Company's existing IP portfolio, which has been licensed exclusively and worldwide to the Company by Drexel University.

SolomonEdwards

Venture Round in 2005
SolomonEdwards is a privately held, national professional services firm focused on strategy execution. In everything they do, they create success for their clients by providing extensive experience, deep subject matter expertise and adaptability within ever-changing business dynamics. Through custom solutions they execute to solve clients’ critical business issues related to business transformation, accounting and finance, governance and regulatory compliance, and mergers and acquisitions. Their strength lies in their ability to recruit, deploy and manage teams of specialized experts from their business consulting, professional search and interim resources divisions who are singularly focused on driving results. Headquartered outside Philadelphia, with offices strategically located throughout major U.S. cities, they serve both domestic and multinational clients.