Spring is the time of new beginnings, of growth awakened, of limitless potential. This is the embodiment of what PennSpring Capital brings to business owners and industry executives alike. We believe that care and commitment are as central to success as are discipline and diligence, and our track record supports this unique people-forward approach to private equity.
The Resources to Close. The Support to Scale.
Lancaster, Pennsylvania-based PennSpring is specifically engineered to assist companies that are not quite ready for institutional capital. Specifically, we specialize in elevating companies with EBITDA of $750,000 - $5 million to the next tier of $2 million - $5 million and beyond - and thus positioned for an institutional audience. With a robust rolodex of ways to finance transactions, including direct investment, we can close quickly.
Through this process we give company owners their desired measure of liquidity and, perhaps more importantly, "a second bite at a larger apple". With the potential exception of retirement scenarios, we strongly prefer that the entrepreneur "rollover" a meaningful stake (20 - 45% of the company). PennSpring principals invest and provide critical advisory services and strategic connections, but we do not meddle in the day-to-day operations of the company…we align with expert management for a reason.
Just as Pennsylvania was the “Keystone State” in the vote for independence, it is for PennSpring the epicenter of investment activities. And as Pennsylvania was but the hub of the 13 original colonies, so also is our perspective regional in nature – we are not restricted by state lines…only by the quality
Seeking independence from England and the British Crown, thirteen American colonies declared themselves sovereign and independent states - forming the United States of America in 1776.
Common Company Characteristics
PennSpring targets companies with the following characteristics:
Committed and passionate management team willing to work in partnership with PennSpring
Compelling value proposition with defensible market, customer and product positions
Solid long-term industry fundamentals (non-cyclical, non-commodity businesses)
History of consistent, predictable and stable revenue and earnings
Identifiable organic and acquired growth opportunities
"They delivered what they promised every step of the way. Lou was instrumental in professionalizing our business and providing a superior return for all, via our successful exit to Blue Star Sports - a portfolio company of GenStar Capital."
- Jason Frazier, CEO Skyhawks Sports
"The experience of working with Lou and group revolutionized BEAME Lighting. Together with our management team we took the company to the next level, and we could not have been more pleased with our successful exit to 4Wall Entertainment, a portfolio company of Odyssey Investment Partners."
- Brad Clark, CEO BEAME Lighting