NewSpring Franchise (NewSpring) Makes Growth Investment in Federal Donuts
April 5, 2022
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.
- Targets
- Federal Donuts
- Industry
- Restaurants & Hospitality
- Location
- Pennsylvania, United States
- Transaction Type
- Growth capital
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