PennSpring Capital Acquires Swing Kingdom and Atlas Molding

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 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.

P4G Capital and NewSpring Mezzanine Back Acquisition of Prospect Mold

August 20, 2020

Manufacturing

P4G Capital, alongside NewSpring Mezzanine (part of NewSpring Capital), invested in the acquisition of Prospect Mold, a long-established manufacturer of custom tooling, molds, and dies serving aerospace & defense and automotive customers. NewSpring provided mezzanine debt and preferred equity to support the transaction and Prospect Mold plans to use proceeds to expand capabilities, hire skilled technicians, and pursue additional aerospace and automotive opportunities.

Swanson Industries Acquires TransAxle's Off-Highway Business

June 26, 2025

Industrial Services

Swanson Industries, a portfolio company of Turnspire Capital Partners, has acquired the Off-Highway Business of TransAxle Holdings, LLC. The acquired business — a U.S.-based remanufacturer of transmissions, differentials, hydraulics, axles and brake systems with locations in Pennsauken, New Jersey and Garner, North Carolina — will be rebranded as the Swanson Off-Highway division to expand Swanson's capabilities and service capacity in core end markets such as mining, construction and aerospace.

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.

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.