New Harbor Capital

New Harbor Capital, established in 2013 and headquartered in Chicago, is a private equity firm specializing in lower middle market investments. It focuses on growth financings, management buyouts, and recapitalizations, typically investing between $10 million and $40 million in companies with EBITDA ranging from $3 million to $15 million. The firm targets founder-owned businesses in business services, healthcare, and education sectors, seeking majority investments and board seats in its portfolio companies. New Harbor Capital is known for its collaborative approach, fostering superior ideas through mutual respect.

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 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
Escalon Services, founded in 2006 and headquartered in Palo Alto, California, is an accounting and advisory firm dedicated to supporting entrepreneurs by managing their operational and tactical needs. The firm offers a range of services, including outsourced chief financial officer, accounting, payroll, management reporting, financial analysis, and budgeting. Escalon's proactive and customized approach allows it to serve startups and growing companies across various sectors, including life sciences, nonprofits, consumer goods, and cryptocurrency. With a commitment to helping businesses focus on growth, Escalon has established itself as a trusted partner for clients in over 16 countries.

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
Blueprint Test Preparation, LLC is a leading provider of Law School Admission Test (LSAT) preparation services, established in 2005 and based in Los Angeles, California. The company offers a comprehensive range of services, including in-person and online courses, private tutoring, self-study materials, and application consulting, catering to aspiring law students. Blueprint operates live classroom instruction in over 25 locations across eight states, utilizing innovative content and adaptive learning technology to create personalized study experiences. In addition to LSAT preparation, the company also provides resources for the Medical College Admission Test (MCAT), serving a broader audience of future legal and medical professionals. Through its focus on individualized support and effective learning strategies, Blueprint aims to help students achieve their academic goals and secure admission to their preferred institutions.

LGM Pharma

Private Equity Round in 2017
LGM Pharma is an innovation-driven company that specializes in the distribution of active pharmaceutical ingredients (APIs) to pharmaceutical and biotech markets. The company focuses on streamlining the supply chain for APIs throughout all stages of development, offering integrated sourcing options and comprehensive technical capabilities. LGM Pharma also provides expert regulatory documentation support, ensuring that its clients—comprising leading pharmaceutical companies, compounders, drug developers, and generic manufacturers—receive high-quality cGMP compliant products.

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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