NewSpring Mezzanine Invests in Veritas Medical Solutions

NewSpring Healthcare Recapitalizes Verisma

December 22, 2021

Healthcare Services

NewSpring Healthcare led a GP-led secondary recapitalization of Verisma on December 22, 2021, providing liquidity to existing investors (including Blue Heron) and admitting new investors via a continuation vehicle. The transaction injects growth capital to accelerate Verisma's healthcare disclosure management technology and platform while Verisma's management team and board remain largely in place.

Veritas Capital Acquires CAES Space Systems

October 13, 2022

Aerospace & Defense

An affiliate of Veritas Capital has entered into a definitive agreement to acquire CAES Space Systems from CAES. Headquartered in Colorado Springs, CAES Space Systems supplies radiation-hardened electronics and mission-critical space components; management will remain in place and the transaction was expected to close in Q1 2023 (terms undisclosed).

Veritas Capital Vantage Fund Makes Strategic Investment in Epiq Solutions

July 26, 2022

Aerospace & Defense

Veritas Capital’s Vantage Fund has made a strategic growth investment in Epiq Solutions, a provider of software-defined radio and turnkey RF solutions for government and enterprise customers. Epiq’s co-founders will remain in leadership and retain significant ownership; financial terms were not disclosed. Veritas says it will support product advancement, national expansion, and targeted acquisitions to scale the business.

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.

Tightrope Capital Partners and Management Recapitalize VCI Emergency Vehicle Specialists with NewSpring Mezzanine Support

June 14, 2022

Medical Devices

Tightrope Capital Partners has formed a new partnership with the management team of VCI Emergency Vehicle Specialists, with subordinated debt and equity provided by NewSpring Mezzanine to support the transaction. VCI, which operates four locations across New Jersey, Pennsylvania and New York selling and servicing new and used ambulances and performing remounts/conversions, will pursue geographic expansion and potential add-on acquisitions under the new partnership.

NewSpring Mezzanine and Upstream Capital Invest in Spiro Health

April 30, 2020

Healthcare Services

NewSpring Mezzanine (part of NewSpring) and Upstream Capital provided mezzanine debt and equity to support the merger of America's HealthCare at Home, Cape Medical Supply, and Health Complex Medical into a new platform called Spiro Health. The funding will be used to expand the combined company's geographic footprint, pursue organic growth and acquisitions, and build patient/referral partner technology and service capabilities in home medical equipment and respiratory/sleep care.