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

NewSpring Mezzanine and Larsen MacColl Partners Invest in Turning Point Restaurants

February 13, 2019

Restaurants & Hospitality

NewSpring Mezzanine (NewSpring) and Larsen MacColl Partners completed a growth investment in Turning Point Holding Company, LLC, the Eatontown, New Jersey–based breakfast, brunch and lunch chain. The capital will be used to fund new unit growth and geographic expansion while supporting existing locations; terms were not disclosed.

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 Invests in Veritas Medical Solutions

October 15, 2020

Manufacturing

NewSpring Mezzanine, the mezzanine strategy of NewSpring, has made a growth-stage investment in Veritas Medical Solutions, a Harleysville, Pennsylvania-headquartered designer and manufacturer of pre-engineered radiation-shielded treatment facilities. The capital will support Veritas’ product development and expansion to capture growing demand from radiotherapy centers, medical imaging providers and industrial inspection customers.

LaSalle Capital Acquires Joseph's Frozen Foods (with NewSpring Mezzanine financing)

October 28, 2019

Food & Beverage

LaSalle Capital, with mezzanine financing from NewSpring Mezzanine, has completed the acquisition of Joseph's Frozen Foods from Brynwood Partners. Joseph's, headquartered in Haverhill, Massachusetts, is a manufacturer of frozen Italian pastas, sauces and meal solutions and will use the partnership capital to support product innovation and production capacity expansion.

NewSpring Mezzanine Invests to Form Airiam (Merger of MePush and Indigo Beam)

January 18, 2022

IT Services

NewSpring Mezzanine provided debt and equity to support the merger of MePush and Indigo Beam, creating Airiam, a managed IT and cybersecurity services platform headquartered in Lewisburg, Pennsylvania. Airiam, with a combined team of 80+ employees, will pursue a buy-and-build M&A strategy to expand its geographic footprint and managed security, consulting, and IT services for SMBs and local municipalities.

NewSpring Leads $26.5M Growth Round in Trio Mobil

July 29, 2024

AI & Machine Learning

Trio Mobil secured $26.5 million in growth financing led by NewSpring (via its NewSpring Growth strategy) with participation from existing investors 212 and TIBAS Ventures. The capital will be used to scale Trio Mobil’s AI- and IoT-based workplace safety and efficiency platform, accelerate U.S. and international expansion, and support product and device deployment.