Bridgeside Capital Acquires Catalyst MXE with NewSpring Mezzanine Support; Catalyst Buys SPOON Events and Nomadic Agency

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.

Wellspring Capital Management Acquires Cadence Petroleum Group

October 8, 2020

Transportation

Wellspring Capital Management partnered with Cadence Petroleum Group's management to acquire Cadence, a distributor of lubricants, fuels and related products across the eastern and central United States. Tenex Capital Management exited its ownership of Cadence; Wellspring said the investment will be used to accelerate growth through add-on acquisitions and organic initiatives. Financial terms were not disclosed.

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.

Bourne Partners Strategic Capital and Meeting Street Capital Lead Series A in Cadence Rx

October 29, 2020

Healthcare Services

Bourne Partners Strategic Capital (BPSC) and Meeting Street Capital (MSC) jointly led a Series A growth equity investment in Cadence Rx, a workers' compensation-focused pharmacy benefit manager (PBM) founded by Artemis Emslie. The funding will support scaling Cadence Rx's tech-enabled PBM platform to reduce drug spend and expand program management for workers' compensation carriers, third-party administrators, self-insured employers and state-run enterprises.

NewSpring Elevate Continuation Vehicle Invests in Energage and PX

October 31, 2024

Software

NewSpring has launched NewSpring Elevate, an oversubscribed continuation vehicle that invested in portfolio companies Energage and PX to provide liquidity for existing shareholders and NewSpring Growth Capital IV (NSG IV) investors. Blackstone Strategic Partners acted as lead investor on the transaction; the new capital will support organic and inorganic growth initiatives at both companies.

Catalyst Power Acquires Northeast Expense Reduction Services

September 6, 2022

Energy

Catalyst Power Holdings LLC, a BP Energy Partners-backed provider of cleaner energy solutions, acquired the assets of New York-based energy advisor Northeast Expense Reduction Services. The add-on expands Catalyst Power's commercial and industrial customer reach and supplier relationships in Central and Western New York to support its community solar and Connected Microgrid decarbonization offerings.