New Harbor Capital

Founded in 2013 and headquartered in Chicago, New Harbor Capital is a private equity firm focusing on the lower middle market. It invests primarily in business services, healthcare, and education sectors, with a typical investment size of $10 million to $40 million in companies generating $3 million to $15 million in EBITDA.

Roshan Babu

Associate

Thomas Formolo

Co-Founder and Partner

Jonathan Gavron

Vice President

Alex Janvrin

Associate

Jack Kenter

Associate

Ed Lhee

Co-Founder and Partner

Grant Lynn

Associate

Justin Marquardt JD

Partner

Bo Mlnarik

Principal

Andrew Nicholson

Principal

Drew Nicholson

Principal

John Pircon

Partner

Ryan Seymour

Senior Associate

Jocelyn Stanley

Partner

11 past transactions

Monroe Biomedical Research

Acquisition in 2023
Monroe Biomedical Research operates a private clinical trial facility, specializing in recruiting diverse patient populations for intricate clinical trials across various therapeutic areas. These include pulmonary, metabolic, cardiological, psychiatric, infectious diseases, and vaccine studies.

Escalon Services

Private Equity Round in 2022
Founded in 2006, Escalon Services is a professional services firm based in the Silicon Valley. It specializes in providing customized solutions for handling non-core yet essential functions such as finance & accounting, HR, payroll, and benefits to startups and growing companies across various sectors.

IndeVets

Private Equity Round in 2021
IndeVets is a veterinary staffing service focused on connecting veterinarians with animal hospitals to enhance the quality of veterinary medicine and animal health care. The company provides hospital partners with essential support through veterinarian services, aimed at supplementing their workforce needs. IndeVets utilizes proprietary scheduling software, which offers veterinarians the flexibility to select their own hours and work locations. This unique approach not only allows veterinarians to tailor their schedules to suit personal preferences but also helps hospitals meet their staffing requirements, ultimately increasing profitability and revenue for both parties involved.

Advent Home Medical

Acquisition in 2021
Advent Home Medical is a provider of at-home respiratory care, specializing in services and equipment for patients with acute and chronic respiratory conditions requiring mechanical ventilation. The company employs registered respiratory therapists to develop personalized care plans, ensuring specialized support for patients in their homes. Advent Home Medical offers a range of programs, including dedicated home ventilator services, ventilator weaning, tracheostomy care, and training for caregivers and patients. With a strong presence in Michigan, the company conducts over 3,500 patient home visits annually, positioning itself as a leader in the respiratory care market by delivering comprehensive, high-quality services and durable medical equipment necessary for effective therapy.

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
Founded in 2005, Blueprint Test Preparation specializes in LSAT preparation services. It offers in-person and online courses, private tutoring, self-study materials, and application consulting. With a focus on engaging content and adaptive learning technology, Blueprint aims to provide individualized study plans for students.

LGM Pharma

Private Equity Round in 2017
LGM Pharma is a specialized API (Active Pharmaceutical Ingredient) distribution company serving leading pharmaceutical firms. It offers integrated sourcing options, comprehensive technical capabilities, and regulatory documentation support for a wide array 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

Acquisition in 2016
Wedgewood Pharmacy is a PCAB-accredited compounding pharmacy that has been in operation since 1981, specializing in custom-compounded medications for both human and animal health. As one of the largest compounding pharmacies in the United States, it serves over 30,000 prescribers nationwide. Wedgewood Pharmacy focuses on preparing customized sterile and non-sterile compounded medications tailored to meet the individual needs of patients, ensuring quality and reliable service. This commitment to personalized care has established a strong reputation among healthcare providers.
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