PennSpring Capital

PennSpring Capital, LLC is a private equity and venture capital firm based in Lancaster, Pennsylvania, established in 2018. The firm specializes in lower middle-market investments, focusing on management buyouts, recapitalizations, corporate carve-outs, and growth-stage funding. PennSpring Capital targets companies primarily in business services, sports, media and technology, healthcare services, education services, and manufacturing. It typically invests in firms with revenues ranging from $10 million to $50 million and EBITDA between $750,000 and $5 million, with transaction sizes varying from $3 million to $30 million for private equity and up to $1 million for venture capital. The firm prefers to take a majority stake in its investments and is particularly interested in opportunities within the United States. Committed to a hands-on approach, PennSpring Capital aims to support businesses in reaching their full potential by leveraging its entrepreneurial experience.

Emily Bomberger

Partner

Lou Castelli

Managing Partner

Lou Castelli

Founder and Managing Partner

8 past transactions

Burch Materials & Supplies

Acquisition in 2022
Burch Materials & Supplies has been a leading provider of equipment and supplies for the aggregate, mining, industrial & material processing industry for over 35 years. Our Company was founded in Wayne, PA by John Burch in 1977. John’s son Charles (Chip), joined him in 1979 to help expand the business. In 2014 BMS relocated to a 30,000 sq ft facility in Malvern, PA from Berwyn, PA where the company was based for 25 years.

Mobiniti

Acquisition in 2021
Mobiniti provides a mobile marketing platform designed to help businesses engage their customers through SMS. By enabling brands to collect consumers' mobile phone numbers and demographic data, Mobiniti facilitates targeted re-marketing efforts. The platform supports various customer engagement services, including sending promotions, answering inquiries, generating reviews, and closing deals. This allows businesses across multiple industries to communicate directly with their customers, fostering loyalty and enhancing the overall customer experience through frequent and relevant mobile promotions.

Enviromental Remediation and Financial Services

Private Equity Round in 2021
Environmental Remediation and Financial are expertise in groundwater remediation, environmental construction, and financial services.

Norton Jackson & Company

Acquisition in 2021
Norton Jackson provides advisory services focused on mergers and acquisitions for business owners considering selling their companies or pursuing growth through recapitalization or acquisition. The firm assists clients in identifying key issues related to their objectives, prioritizing their goals, and formulating a detailed action plan with a timeline. By complementing the existing advisors of business owners, Norton Jackson facilitates the education, evaluation, strategization, and execution of transactions aligned with shareholder interests. Their services encompass business evaluation, exit planning, and capital raising, enabling owners, management, boards of directors, and investors of private and middle-market companies to make informed decisions regarding mergers and acquisitions.

Atlas Molding

Acquisition in 2019
Atlas Molding, LLC is a manufacturer based in Leola, Pennsylvania, specializing in rotational molding and rotomold products. Established in 2009, the company designs and produces a range of hollow parts using rotomolding, a thermoplastic process. In addition to its manufacturing capabilities, Atlas Molding is involved in the wholesale distribution of various swing set components, including swings, rotomolded slides, tunnels, and playground roof structures. Its product lineup also features hardware items such as eye lag bolts, tire eye bolts, quick links, swing hangers, and landscape pins. The company serves diverse industries, including toy, recreational, medical, construction, and automotive sectors, providing technical expertise and a broad array of products to meet client needs.

Swing Kingdom

Acquisition in 2019
Swing Kingdom is a privately held company that specializes in manufacturing vinyl playground equipment for both commercial and residential use. The company designs and constructs customized vinyl swing sets, slide climbers, and various other playground equipment, utilizing a combination of PVC and structural wood. To ensure durability and safety, Swing Kingdom incorporates stainless steel corner brackets and hardware into its products, providing superior strength for children of all ages. By focusing on quality and innovation, the company aims to promote active play and enhance children's overall play experience.

Securus Contact Systems

Acquisition in 2019
Securus Contact Systems, LLC, based in Portland, Oregon, specializes in providing virtual receptionist and call center services to a diverse range of organizations, from small startups to large corporations. Founded in 2012, the company offers 24/7 live receptionist services along with a suite of customizable tools that facilitate call handling, including appointment scheduling, sales lead capturing, and real-time notifications. Securus also provides management of back-office activities, allowing businesses to enhance client relationships and improve customer experiences without the need for extensive infrastructure. By leveraging its proprietary software platform, Securus enables service-based businesses to operate efficiently and cost-effectively, ensuring they maintain a professional presence in communications.

PSST

Acquisition in 2018
PSST offers database integration technology services designed for school districts, municipalities, and businesses. The company specializes in customizable cloud-based and desktop applications that facilitate automated, real-time data integration between various systems. By enhancing the efficiency and effectiveness of human resources, finance, and payroll management, PSST enables its clients to streamline operations while ensuring compliance with relevant regulations. Their solutions are characterized by seamless functionality and bi-directional capabilities, making them adaptable to the unique needs of their clients.
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