NewSpring Franchise Invests in Great Harvest Holdings

NewSpring Franchise (NewSpring) Makes Growth Investment in Federal Donuts

April 5, 2022

Restaurants & Hospitality

NewSpring Franchise, a dedicated strategy of private equity firm NewSpring, completed a growth equity investment in Philadelphia-based Federal Donuts to support the brand's expansion. The capital will be used to open new locations across the Mid-Atlantic and provide infrastructure, technology, and board support while Federal Donuts' founders remain owners and continue to operate the business.

NewSpring Franchise Completes Controlling Investment in Green Home Solutions

September 26, 2023

Environmental Services

NewSpring Franchise, the franchise-focused strategy of private equity firm NewSpring, completed a controlling investment in Green Home Solutions, a franchised residential and commercial mold remediation and indoor air quality services provider. The capital will support national expansion across new markets and the launch of additional services to broaden the company's indoor air quality offerings.

NewSpring Franchise (NewSpring Capital) Makes Growth Investment in Blo Blow Dry Bar

March 18, 2021

Restaurants & Hospitality

NewSpring Franchise, a newly launched strategy from NewSpring Capital, made a growth-equity investment in Blo Blow Dry Bar, North America’s original blow dry bar franchise. The investment will support Blo’s continued multi-unit franchise expansion across the United States and Canada and NewSpring partners will join the company’s board to help scale the brand.

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.

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.

GrowGeneration Acquires The Harvest Company

May 25, 2021

Retail

GrowGeneration Corp. acquired The Harvest Company, a Northern California hydroponic supply center with stores in Redding and Trinity County, to expand its footprint in the Emerald Triangle cannabis market. The Harvest Company's 16 employees joined GrowGeneration and founder Robert Masterson will remain in an advisory role.