PennSpring Capital Acquires Burch Materials & Supplies

Bertram Capital Invests in MSE Supplies

September 25, 2024

Industrial Services

Bertram Capital has made an investment in MSE Supplies, a Tucson-based supplier of advanced materials, laboratory equipment, lab supplies and analytical services. Bertram plans to leverage its in-house technology team, Bertram Labs, to accelerate MSE's growth and digital capabilities; terms were not disclosed.

PennSpring Capital Acquires Norton Jackson & Company

April 27, 2021

Consulting

PennSpring Capital, a Lancaster-based lower middle market investment firm, has acquired Mechanicsburg-based M&A advisory firm Norton Jackson & Company. The deal brings Norton Jackson's founding principals into PennSpring to strengthen the firm's sell-side advisory capabilities for regional business owners in South Central Pennsylvania.

BPGC Management LP Acquires Controlling Stake in PB Materials

February 6, 2025

Building Products

A fund managed by BPGC Management LP acquired a controlling, substantial majority stake in PB Materials Holdings, Inc., a leading producer of construction aggregates and ready‑mix concrete in the Permian Basin. Investment vehicles managed by affiliates of LSV Advisors served as lead investor alongside BPG; the sellers were certain funds managed by WL Ross & Co. LLC. Financing was provided by Fortress Investment Group and Hillcrest Bank, and terms were not disclosed.

PennSpring Capital Acquires Majority Interest in EHC Associates

January 26, 2022

Environmental Services

PennSpring Capital has acquired a majority interest in Lancaster, Pennsylvania–based EHC Associates, a 30-year environmental services firm offering environmental consulting, asbestos and lead abatement, mold remediation, demolition and related services. The investment is intended to position EHC for accelerated growth and institutional-scale expansion under PennSpring's stewardship.

The Bostwick-Braun Company Acquires Mill Supplies, Inc.

November 8, 2022

Industrial Services

The Bostwick-Braun Company’s Industrial Business Division has acquired Mill Supplies, Inc. (MSI), a regional distributor of power tools, abrasives, MRO and safety products operating in Fort Wayne and Indianapolis. The deal brings MSI into Bostwick-Braun’s industrial group to expand its Midwest footprint and serves as a succession plan for owners Andy and Karen Beckstein, who will remain in key management roles.

Gemspring Capital Acquires Midland Industries

May 5, 2023

Industrial Services

Gemspring Capital Management affiliate has acquired Midland Industries, a Kansas City-based manufacturer and distributor of pipe, valve, and fitting products across North America. Existing investor Wynnchurch Capital sold a stake but retained a minority interest and coinvested alongside Gemspring; financial terms were not disclosed.