NewSpring Mezzanine Invests in AbelCine

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 Mezzanine and Jackson Partners Recapitalize GLH Construction

March 12, 2020

Construction

NewSpring Mezzanine participated in an investment to support a majority recapitalization of GLH Construction led by Jackson Partners. The capital will be used to hire additional employees and invest in sales and marketing as GLH, a Windsor, Colorado-based infrastructure contractor, pursues regional growth.

NewSpring Mezzanine and Alerion Capital Group Invest in MicroAge

September 1, 2020

IT Services

NewSpring Mezzanine, part of NewSpring, has made a mezzanine investment in MicroAge in partnership with Alerion Capital Group. The capital will support MicroAge's next phase of growth as a technology services and managed services provider, enabling investments in services-led capabilities, cloud, security, and remote-work solutions while supporting leadership transition.

NewSpring Mezzanine and Star Mountain Capital Recapitalize Radius

February 22, 2022

Data & Analytics

NewSpring Mezzanine (part of NewSpring) partnered with Star Mountain Capital to provide subordinated debt and preferred equity to support the recapitalization of Radius, a custom market research firm led by CEO Chip Lister. The financing reestablishes NewSpring's relationship with Radius (a former portfolio company) and aims to support the company's continued product and capability development to serve Fortune 1000 clients.

NewSpring Mezzanine and Upstream Capital Invest in Spiro Health

April 30, 2020

Healthcare Services

NewSpring Mezzanine (part of NewSpring) and Upstream Capital provided mezzanine debt and equity to support the merger of America's HealthCare at Home, Cape Medical Supply, and Health Complex Medical into a new platform called Spiro Health. The funding will be used to expand the combined company's geographic footprint, pursue organic growth and acquisitions, and build patient/referral partner technology and service capabilities in home medical equipment and respiratory/sleep care.

Adelphi Capital Partners (with NewSpring Mezzanine) Acquires Controlled Environment Structures

January 24, 2020

Building Products

Adelphi Capital Partners has acquired Controlled Environment Structures (CES) with mezzanine financing provided by NewSpring Mezzanine to support the transaction. CES, a Taunton, Massachusetts-based provider of cold storage and controlled-environment construction and panel/door manufacturing, will be led by incoming CEO Don Roussinos as the company pursues growth in cold storage, cleanroom and related markets.