PennSpring Capital
TOP 50 PE Winner
2020 | 2022
Firm Inception: 2018
Number of Active Portfolio Investments: 6
Number of Realized Investments: 5
Investment Range: $3M - $30M transaction size
Current Fund: -
Current Fund Size: -
Transactions completed since October 2020, including acquisitions, add-ons, and divestments:
January 26 - sold Swing Kingdom, Atlas Molding and associate real property to Country Lane Gazebos
January 26 - acquired EHC Associates
November 9 - sold Securus Contact Systems to Signpost
November 9 - acquired Mobiniti
Leadership:
Lou Castelli, Managing Partner
Justin Davis, Partner
Andrew Rice, Partner
Aaron Jackson, Partner
Emily Bomberger, Partner
Team Members: 6
Primary Address:2502 Horseshoe Rd., Lancaster, PA 17601
Website: www.pennspring.com
Phone Number: 303-514-4659
Which best describes the firm?: Traditional | LP Funded
Industry focus: Healthcare, Industrial & Business Services
Attributes: Deal Volume, Firm Growth, Operations Management, Deal Execution, Fundraising, Total-Exit ROIs, Team Building, Performance
Founded in 2018 and self-capitalized from multiple successful exits, PennSpring has evolved from family office to one of the most active private equity firms in the lower middle market. We have made 11 acquisitions to date, and completed 5 successful exits in 2021 alone; in each case we quickly grew EBITDA by 3-5x and achieved true outlier returns at point of sale. To accomplish this we have also grown our team, adding three new partners in 2021, further augmenting our financial and technical expertise.
Overview
Founded in 2018 by proven entrepreneurs and self-capitalized from the proceeds of multiple outlier exits, PennSpring has evolved from family office to among the most active private equity firms in the country – with 11 acquisitions completed to date.
At PennSpring Capital, we unlock liquidity, empower growth and elevate executive careers. We are a people-forward investment firm, with a focus on EBITDA opportunities of $750,000 - $5 million. We have the agility to work with companies not yet ready for institutional funding – and the ability as operations and sales leaders to scale them to those heights. We partner with company management, roll up our sleeves and help get the job done.
Why do prospects want to do business with the firm?:
We have demonstrated the ability to close - we get to the finish line. And for business owners, we have shown emphatically the ability to significantly grow value - giving them a second bite of a far larger apple.
Why do intermediaries present opportunities and want to conduct transactions with the firm?:
Because we are self-capitlized, we do not need to raise capital to complete an acquisition, nor do we need to pitch a deal to any outside interests or advisors. When you talk to a PennSpring partner, you are talking to a decision-maker.
Contact PennSpring
HQ
235 N Duke St
Lancaster, Pennsylvania
17602
Call 973.985.1539 → | Visit pennspring.com →