NewSpring Mezzanine and Larsen MacColl Partners Invest in Turning Point Restaurants

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 Invest in MAC Panel

June 6, 2024

Manufacturing

NewSpring Mezzanine, the private credit strategy of NewSpring, has made an investment in MAC Panel in partnership with Alerion Capital Group. The capital will support MAC Panel — a High Point, North Carolina-based manufacturer of high-performance connectivity and mass interconnect solutions — as it looks to expand into broader domestic and international end markets including government, defense, automotive and aerospace.

Lightspring Capital Partners Acquires Joneca Corporation with NewSpring Mezzanine Support

September 2, 2021

Consumer Products

Lightspring Capital Partners acquired Anaheim-based Joneca Corporation, a maker of garbage disposals and other residential kitchen products. NewSpring Mezzanine (part of NewSpring) provided subordinated debt and equity to support the transaction, positioning Joneca for expanded manufacturing capacity, e-commerce growth, and domestic and international market expansion.

NewSpring Mezzanine, Spring Capital and Isleworth Invest in Boston Valley Terra Cotta

December 6, 2021

Building Products

NewSpring Mezzanine, alongside Spring Capital and Isleworth Capital Partners, made a growth investment in Boston Valley Terra Cotta to fund sales, marketing and capacity expansion. Boston Valley Terra Cotta, a U.S.-based manufacturer of architectural terra cotta and ceramic building products, will use the proceeds to scale production and commercial efforts to meet growing worldwide demand.

NewSpring Franchise, Tecum Capital and NorthCoast Mezzanine Invest in Shake Smart

March 15, 2024

Restaurants & Hospitality

NewSpring Franchise has made a strategic investment in Shake Smart Holdings, a healthy fast-casual concept, with mezzanine and equity co-investment from Tecum Capital and NorthCoast Mezzanine. The capital will be used to accelerate Shake Smart's unit expansion beyond college campuses into airports, hospitals, military installations and other non-traditional venues; Satya Ponnuru and Patrick Sugrue will join the Shake Smart board.

Larsen MacColl Partners Acquires Mac & Bob's

September 9, 2025

Restaurants & Hospitality

Larsen MacColl Partners (LMP) acquired Mac & Bob's, a full-service restaurant headquartered in Salem, Virginia; the transaction closed on August 6, 2025. LMP partnered with long-time restaurant operator Dave Magrogan to manage and grow the business, and Generational Group served as lead advisor to Mac & Bob's.