NewSpring

• CoreX Acquires InSource's ServiceNow Business Unit

  December 31, 2025

  Buyer

  CoreX, NewSpring (NewSpring Holdings / NewSpring Capital)

  Target

  InSource (ServiceNow business unit)

  Seller

  InSource, Inc.

  Industry

  IT Services

  Location

  Pennsylvania, United States

  Type

  Addon

  CoreX, a ServiceNow Elite consulting platform backed by NewSpring, has acquired InSource's ServiceNow business unit, with the transaction closing in late December 2025. The deal brings InSource's 1,500+ ServiceNow implementations and strong CSAT to CoreX, more than doubling CoreX's U.S. headcount and expanding delivery capacity and capabilities across North America and Latin America.

• Alongside Acquires San Diego ABA

  May 27, 2025

  Buyer

  Alongside, Fletch Equity, NewSpring Capital

  Target

  San Diego ABA

  Seller

  Nicholas Ascolese

  Industry

  Healthcare Services

  Location

  California, United States

  Type

  Addon

  Alongside, a Southern California provider of Applied Behavior Analysis (ABA) services, has acquired San Diego ABA to expand its footprint across the region. The deal is an add-on to Alongside’s platform (which is PE-backed) and will keep San Diego ABA leadership — including co-owner Nicholas Ascolese — in place to support continued service delivery and growth.

• CoreX Acquires Volteo Digital

  April 29, 2025

  Buyer

  CoreX, NewSpring Holdings

  Target

  Volteo Digital, Volteo, LLC

  Industry

  IT Services

  Location

  Mexico

  Type

  Addon

  CoreX, a next-generation ServiceNow consultancy and NewSpring Holdings platform company, completed its acquisition of Volteo Digital. The deal expands CoreX’s ServiceNow Center of Excellence in Guadalajara, Mexico, including an Agentic AI Laboratory focused on ServiceNow innovation.

• Magna5 Acquires Shock I.T. Support

  April 13, 2025

  Buyer

  Magna5, NewSpring Holdings

  Target

  Shock I.T. Support

  Industry

  IT Services

  Location

  Pennsylvania, United States

  Type

  Addon

  Magna5, a NewSpring Holdings platform company, has acquired Shock I.T. Support, a regional managed IT, cybersecurity and network infrastructure provider based in Bristol, Pennsylvania. The add-on expands Magna5's Mid-Atlantic footprint and adds network and wireless design/installation capabilities as well as a customer base concentrated in home services and biopharma.

• Autism Spectrum Interventions and Quality Behavior Solutions Merge to Form Alongside

  February 18, 2025

  Buyer

  NewSpring Capital, Fletch Equity

  Target

  Autism Spectrum Interventions, Quality Behavior Solutions

  Industry

  Healthcare Services

  Location

  California, United States

  Type

  Recapitalization

  Autism Spectrum Interventions (ASI) and Quality Behavior Solutions (QBS) have merged to form a single behavioral-health company called Alongside, headquartered in Fullerton, California. The combined organization will be supported by private equity partners NewSpring Capital and Fletch Equity to scale services, expand access to autism-focused ABA care across Southern California, and strengthen clinical and center-based capabilities.

• Bridgeside Capital Acquires Catalyst MXE with NewSpring Mezzanine Support; Catalyst Buys SPOON Events and Nomadic Agency

  February 13, 2025

  Buyer

  Bridgeside Capital, NewSpring, Catalyst MXE

  Target

  Catalyst MXE, SPOON Events, Nomadic Agency

  Industry

  Marketing & Advertising

  Location

  New York, United States

  Type

  Buyout

  Bridgeside Capital acquired a control equity position in marketing and events agency Catalyst MXE, while NewSpring Mezzanine provided subordinated debt and equity to support the transaction. Proceeds were used to fund Catalyst’s simultaneous add-on acquisitions of SPOON Events and Nomadic Agency as part of a buy‑and‑build strategy to broaden creative, events, and experiential capabilities.

• Roebling Capital Partners Leads Investment in SprayEZ

  January 31, 2025

  Buyer

  Roebling Capital Partners, NewSpring Capital, Providence Investment Partners

  Target

  Spray Equipment and Coatings, Inc. (SprayEZ)

  Seller

  Fred Akel, Kibbee Akel

  Industry

  Manufacturing

  Location

  Florida, United States

  Type

  Growth capital

  Roebling Capital Partners has made a strategic growth investment in Spray Equipment and Coatings, Inc. ("SprayEZ"), with NewSpring Capital and Providence Investment Partners joining the transaction; founders Fred and Kibbee Akel remain key owners. The capital will fund nationwide expansion, a third location, an expanded aftermarket product line, and broader distribution of the proprietary ExpandoThane coating; Heritage Capital Group advised the sellers.

• Xpect Solutions Acquires GovDefender

  January 7, 2025

  Buyer

  Xpect Solutions, NewSpring Holdings

  Target

  GovDefender

  Industry

  IT Services

  Location

  United States

  Type

  Addon

  Xpect Solutions, a NewSpring Holdings platform company, has acquired GovDefender to strengthen its digital transformation, application modernization, and secure digital media intake capabilities for federal law enforcement and national security customers. The acquisition adds GovDefender’s team and expertise in secure cloud architecture, UI/UX, and rapid digital media intake processing to Xpect’s existing portfolio of enterprise IT and cybersecurity services.

• Azalea Capital Acquires Virginia Food Group

  November 18, 2024

  Buyer

  Azalea Capital, Farragut Capital Partners, NewSpring, Salem Investment Partners

  Target

  Virginia Food Group, LLC

  Industry

  Food & Beverage

  Location

  Virginia, United States

  Type

  Buyout

  Azalea Capital has acquired Virginia Food Group (VFG), owner of brands including Virginia Diner, Feridies, The Peanut Shop of Williamsburg, and Red Rocker Candy. Farragut Capital Partners provided senior subordinated debt and equity alongside NewSpring Capital and Salem Investment Partners to support the acquisition, with Atlantic Union Bank providing senior debt financing.

• NewSpring Elevate Continuation Vehicle Invests in Energage and PX

  October 31, 2024

  Buyer

  NewSpring Elevate (continuation vehicle / NewSpring Growth), Blackstone Strategic Partners

  Target

  Energage, PX

  Seller

  Existing shareholders and NewSpring Growth Capital IV (NSG IV) investors

  Industry

  Software

  Location

  United States

  Type

  Recapitalization

  NewSpring has launched NewSpring Elevate, an oversubscribed continuation vehicle that invested in portfolio companies Energage and PX to provide liquidity for existing shareholders and NewSpring Growth Capital IV (NSG IV) investors. Blackstone Strategic Partners acted as lead investor on the transaction; the new capital will support organic and inorganic growth initiatives at both companies.

• A111 Capital Leads Majority Buyout of Burnyzz

  October 28, 2024

  Buyer

  A111 Capital, Farragut Capital Partners, NewSpring Mezzanine (NewSpring Capital), Pine Street Capital Partners, Salem Investment Partners

  Target

  Burnyzz

  Industry

  Automotive

  Location

  Florida, United States

  Type

  Buyout

  A111 Capital has completed a majority buyout of Burnyzz, an Ocala, Florida-based classic car restoration, sales and service business. The transaction is supported by subordinated debt and equity investments from Farragut Capital Partners, NewSpring Mezzanine (NewSpring Capital), Pine Street Capital Partners and Salem Investment Partners to fund Burnyzz’s continued growth and capacity expansion while founder/management remain in place.

• NewSpring Holdings Acquires Xpect Solutions

  October 15, 2024

  Buyer

  NewSpring Holdings

  Target

  Xpect Solutions

  Industry

  IT Services

  Location

  Virginia, United States

  Type

  Buyout

  NewSpring Holdings has acquired Xpect Solutions, a Fairfax, Virginia–based systems integrator that provides enterprise IT and physical security solutions to federal agencies. Lafayette Square provided a debt facility to support the transaction as NewSpring builds a federal, law-enforcement-focused platform to expand mission-critical IT and security capabilities.

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