New Harbor Capital

New Harbor Capital Management, LLC is a private equity firm based in Chicago, Illinois, established in 2013. The firm specializes in growth financing, management buyouts, and recapitalizations, primarily targeting lower middle market investments in North America. New Harbor focuses on founder-owned businesses across three main sectors: business services, healthcare, and education. Within these sectors, it emphasizes business process outsourcing, marketing services, and technology-enabled services; outsourced healthcare services for providers and payers; and various educational service providers, including tutoring and corporate training. The firm typically invests between $10 million and $40 million in companies with EBITDA ranging from $3 million to $15 million, aiming for majority investments while also considering select minority stakes. New Harbor Capital seeks to actively engage with its portfolio companies, often taking a board seat to support their growth and success.

Roshan Babu

Associate

Thomas Formolo

Co-Founder and Partner

Jonathan Gavron

Vice President

Alex Janvrin

Associate

Jack Kenter

Associate

Edward Lhee

Co-Founder and Partner

Grant Lynn

Associate

Justin Marquardt

Partner

BO Mlnarik

Principal

Andrew Nicholson

Principal

Drew Nicholson

Principal

John Pircon

Partner

Ryan Seymour

Senior Associate

Jocelyn Stanley

Partner

9 past transactions

IndeVets

Private Equity Round in 2021
Provider of veterinary staffing services dedicated to uniting veterinarians and animal hospitals to deliver better veterinary medicine and animal health care. The company offers full flexibility in choosing when and where veterinarians work through scheduling software and hospital partners receive the support of veterinarian services to help supplement and support their workforces, enabling them to choose their hours and work that increase profitability and revenue by fulfilling their staffing requirements.

Advent Home Medical

Acquisition in 2021
Advent Home Medical is an at-home respiratory care company providing comprehensive, high-quality services and medical equipment to patients throughout their post-acute lifecycle. Advent Home Medical utilizes registered respiratory therapists (“RRTs”) to construct personalized care plans and deliver specialized hands-on support to acute respiratory patients in the home setting. The Company also provides a full complement of durable medical equipment (“DME”) and supplies necessary to support these therapies. Advent is a leader in its market, conducting more than 3,500 patient home visits per year throughout the state of Michigan.

Spiro.AI

Seed Round in 2018
Spiro Technologies, Inc. is a Boston-based company that develops a relationship management platform designed to assist sales teams across various industries, including construction, finance, manufacturing, professional services, and technology. Founded in 2014, Spiro's platform operates in the background to automate data collection from emails, calls, and texts, eliminating the need for manual data entry. It creates and organizes contacts, prioritizes sales opportunities, and generates intelligent reports to enhance sales performance. Additionally, the platform offers features such as sales suggestions and tools for tracking and managing customer interactions, ultimately enabling businesses to optimize engagement and prevent lost opportunities.

Next Step Test Prep

Private Equity Round in 2018
Next Step Test Preparation delivers one-on-one tutoring packages for major graduate entrance exams. Its packages are built around a customized curriculum that targets each individual's study needs related to GMAT, LSAT, GRE, and MCAT exams.

Blueprint Test Preparation

Private Equity Round in 2018
Blueprint is the premier LSAT test preparation provider in the U.S., offering in-person and asynchronous online courses, private tutoring, self-study materials and application consulting services. Blueprint’s live classroom instruction is offered in 25+ locations in eight states around the country. Blueprint leverages a unique edutainment-oriented content creation capability and the latest adaptive learning technology to support individualized study plans.

LGM Pharma

Private Equity Round in 2017
LGM Pharma is an innovation-driven API company, involved in distribution of quality cGMP pharma ingredients to leading pharmaceutical companies. LGM specializes in providing integrated sourcing options, complete technical capabilities and regulatory documentation support for a wide range of APIs.

Spiro.AI

Seed Round in 2017
Spiro Technologies, Inc. is a Boston-based company that develops a relationship management platform designed to assist sales teams across various industries, including construction, finance, manufacturing, professional services, and technology. Founded in 2014, Spiro's platform operates in the background to automate data collection from emails, calls, and texts, eliminating the need for manual data entry. It creates and organizes contacts, prioritizes sales opportunities, and generates intelligent reports to enhance sales performance. Additionally, the platform offers features such as sales suggestions and tools for tracking and managing customer interactions, ultimately enabling businesses to optimize engagement and prevent lost opportunities.

Wedgewood Pharmacy

Acquisition in 2016
Wedgewood Pharmacy is a PCAB®-accredited compounding pharmacy. As one of the largest compounding pharmacies in America, we have been serving human-health and animal-health prescribers with custom-compounded medicines since 1981. In fact, more than 30,000 prescribers across the nation turn to Wedgewood Pharmacy for quality, value, choice and service that is legendary. That's because We Care The Way You Care®.

New York Kids Club

Acquisition in 2015
New York Kids Club LLC operates enrichment centers for children aged 2 months to 12 years in New York and Chicago. The organization offers a diverse range of classes, including art, fitness, music, cooking, dance, theater, and science, as well as summer drop-in programs covering gymnastics, sports, and various creative arts. Additionally, the New York Kids Club organizes birthday parties, summer day camps, and special events, providing children with opportunities to engage in activities that foster confidence and creativity. The facilities include gyms and play spaces designed for children's enjoyment. Founded in 2001, the New York Kids Club is recognized for its innovative curricula that emphasize physical, artistic, and intellectual development, making it a leading choice for families seeking enrichment activities for their children.
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