PennSpring Capital Acquires Norton Jackson & Company

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.

PennSpring Capital Acquires Zirtual

December 13, 2023

Professional Services

PennSpring Capital, a Lancaster, Pennsylvania-based lower middle market investment firm, has acquired Zirtual, a Columbus/Powell, Ohio-based provider of U.S.-based virtual assistant services, from accelerator Startups.com. The acquisition expands PennSpring's BPO capabilities and complements its existing holding Mobiniti, positioning the firm for additional add-on activity in the business process outsourcing space.

PennSpring Capital Acquires Burch Materials & Supplies

February 16, 2022

Industrial Services

PennSpring Capital has acquired a majority interest in Malvern, Pennsylvania-based Burch Materials & Supplies (BMS), a distributor and service provider to the aggregate, mining and material processing industries. PennSpring intends to leverage its operational expertise to support BMS's next phase of growth and expand the company's service and product offerings.

PennSpring Capital Acquires PSST

July 26, 2018

Software

PennSpring Capital, a lower middle market private equity firm, acquired Professional Systems Software & Technology (PSST), a Louisville-based iPaaS provider serving K‑12 school districts, municipalities and corporate clients. The deal will fund product investment and expansion of PSST's customer footprint while preserving the company's mission and leadership team.

PennSpring Capital Acquires Swing Kingdom and Atlas Molding

May 23, 2019

Manufacturing

PennSpring Capital, a Lancaster-based lower middle market private equity firm, has acquired Swing Kingdom, a manufacturer of vinyl playground equipment, and Atlas Molding, a rotational plastics molder. PennSpring said it will expand Swing Kingdom's distribution into SLED (state, local and education) channels and grow Atlas Molding in lockstep to pursue broader rotomolding end markets.

Wellspring Capital Management Acquires Pentec Health

October 11, 2021

Healthcare Services

Wellspring Capital Management acquired Pentec Health, a national leader in patient-specific sterile compounding and home infusion services, from existing investors including Norwest Equity Partners and DW Healthcare Partners. The investment provides Pentec with capital and strategic support to accelerate organic growth and pursue add-on M&A; financing for the deal was provided by Twinbrook Capital Partners and advisors included Houlihan Lokey and Morgan Lewis.