RADNOR, PA — NewSpring, a distinguished private equity firm nurturing lower-middle-market businesses, celebrates a quarter-century of continuous growth and value creation for its investors. This milestone underscores the resilience of the lower-middle market and showcases NewSpring’s unwavering commitment to a strategic investment approach that fosters substantial growth in its portfolio companies.
In the span of 25 years, NewSpring has executed over 250 investments, amassing approximately $3.5 billion in assets under management (AUM), expanded its team to more than 70 dedicated professionals, and successfully managed 17 fund platforms along with numerous co-investments. These endeavors have realized over $2.8 billion in value for NewSpring’s investors, with the firm’s current portfolio boasting an enterprise value around $12 billion across more than 100 companies. Operating with five distinct strategies, NewSpring has diversified its investment portfolio across various sectors including technology, healthcare services, and federal intelligence, primarily focusing on businesses led by founders and owner/operators.
Michael DiPiano, NewSpring’s Managing General Partner and Co-Founder, reflected on the firm’s unique trajectory, emphasizing its intentional focus on lower-middle-market businesses—a segment often overlooked by institutional investors. According to DiPiano, NewSpring’s success stems from its strategic growth and firm commitment to maintaining fund sizes conducive to optimizing investor returns.
The lower-middle market presents a fertile ground for growth, attributed to its fragmentation, historical resilience against macroeconomic fluctuations, and abundant exit opportunities. NewSpring’s tailored multi-strategy approach and dedication to this niche for a quarter-century have solidified its reputation as a premier equity firm capable of navigating the complexities of the market. By offering both operational improvements and professionalization, NewSpring adds significant value to businesses at critical growth junctures.
Jon Schwartz, NewSpring’s President and Chief Operating Officer, highlighted the pivotal role of flexible partnership models in their success strategy, providing a blend of operational expertise and financial capital that allows business leaders to flourish on their own terms. This flexible approach, coupled with the formation of close partnerships, remains central to NewSpring’s ethos, fueling its ambition to explore new markets and industries.
As NewSpring looks ahead, it extends gratitude to its employees, investors, portfolio companies, and the broader network of operators and service providers that have contributed to its success. The firm eagerly anticipates continuing its mission to support and grow middle-market businesses for many years to come.
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