NewSpring Franchise (NewSpring) Makes Growth Investment in Federal Donuts

NewSpring Acquires Duck Donuts with Investment from Free Fenix

July 14, 2021

Restaurants & Hospitality

NewSpring Franchise, a strategy of private equity firm NewSpring, completed the acquisition of Duck Donuts, a fast-growing made-to-order donut franchise headquartered in Mechanicsburg, Pennsylvania. Charlotte-based Free Fenix partnered on the deal to provide additional capital; Duck Donuts will use the proceeds to accelerate growth, expand its franchise footprint, and strengthen corporate and franchise operations.

NewSpring Franchise Invests in Great Harvest Holdings

October 1, 2024

Restaurants & Hospitality

NewSpring Franchise, the franchise-focused strategy of NewSpring, completed an investment in Great Harvest Holdings, LLC, a franchised fast-casual bakery and café with approximately 175 locations across the United States. Proceeds will be used to accelerate franchise development, strengthen supply chain capabilities, and expand marketing to drive growth.

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.

Swander Pace Capital Acquires Maple Donuts

June 2, 2025

Food & Beverage

Swander Pace Capital has acquired Maple Donuts Inc., a Pennsylvania-based manufacturer of frozen private-label donuts, with Partners Capital and Constitution Capital Partners serving as lead co-investors. The Burnside family will transition the business to Swander Pace, which plans to expand Maple Donuts' product offerings, production capabilities, and market reach as part of its bakery-platform strategy.

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 Invests Growth Capital in Central Bark

December 14, 2021

Retail

NewSpring’s franchise-focused strategy, NewSpring Franchise, made a growth equity investment in Central Bark to accelerate the dog daycare brand’s franchise expansion and strengthen its infrastructure. Central Bark’s founders will remain involved in operations as the company uses proceeds to fuel geographic expansion, franchise development, and investments in technology and operations.