NewSpring Franchise, Tecum Capital and NorthCoast Mezzanine Invest in Shake Smart

NewSpring Mezzanine Provides Subordinated Debt and Equity to TruFit Athletic Clubs

November 3, 2023

Healthcare Services

NewSpring Mezzanine, the private credit strategy of NewSpring, has made a subordinated debt and equity investment in TruFit Athletic Clubs to support the gym chain’s ongoing expansion. TruFit operates 36 low-cost, membership-based clubs across Texas (about 224,000 members) and plans to open four new clubs in the greater Nashville area as it scales.

NewSpring, Tecum Capital, Leedon Park and PNC Provide Growth Investment in Spirit Pharmaceuticals

April 27, 2021

Pharmaceuticals

An investor group led by NewSpring Mezzanine, alongside Tecum Capital, Leedon Park Capital and PNC Bank provided a growth capital injection into Spirit Pharmaceuticals LLC, backing CEO and founder Ajoy Joshi. The funding will support the Long Island-based private-label developer, packager and distributor of over-the-counter pharmaceutical products as it expands capacity (two additional facilities, 11 packaging lines) and deepens relationships with big-box retailers, medical distributors and e-commerce customers.

NewSpring Franchise Invests in Great Harvest Holdings

October 1, 2024

Restaurants & Hospitality

NewSpring Franchise, the franchise-focused strategy of NewSpring, completed an investment in Great Harvest Holdings, LLC, a franchised fast-casual bakery and café with approximately 175 locations across the United States. Proceeds will be used to accelerate franchise development, strengthen supply chain capabilities, and expand marketing to drive growth.

NewSpring Healthcare and TT Capital Partners Invest in MacroHealth

June 10, 2020

Healthcare Services

NewSpring Healthcare, the dedicated healthcare strategy of NewSpring, has invested in MacroHealth Solutions in partnership with TT Capital Partners. The growth investment will fund MacroHealth's technology and operations expansion to accelerate product development, engineering hires, and go-to-market efforts for its enterprise health-market-as-a-service platform.

Northstar Capital and Seaside Equity Partners Recapitalize TalentSmartEQ

November 11, 2025

Professional Services

Northstar Capital provided a credit facility and an equity co‑investment to support Seaside Equity Partners’ refinancing of TalentSmartEQ, a San Diego‑based provider of emotional intelligence training, assessments and certification programs. The recapitalization strengthens TalentSmartEQ’s balance sheet and positions the company for continued growth in the corporate training and EQ assessment market, where its solutions have been adopted by a majority of Fortune 500 companies.

NewSpring Franchise Completes Controlling Investment in Green Home Solutions

September 26, 2023

Environmental Services

NewSpring Franchise, the franchise-focused strategy of private equity firm NewSpring, completed a controlling investment in Green Home Solutions, a franchised residential and commercial mold remediation and indoor air quality services provider. The capital will support national expansion across new markets and the launch of additional services to broaden the company's indoor air quality offerings.