NewSpring Capital

NewSpring Capital is a private equity and growth equity investment firm based in Radnor, Pennsylvania. Founded in 1999, it targets equity and debt investments across the United States in sectors including business services, technology (enterprise and infrastructure), security, business intelligence, manufacturing and distribution, government and consumer services, and healthcare. The firm partners with growth-oriented companies at various stages, supplying capital and strategic guidance to support expansion, acquisitions, and operational improvements. It operates as an investment adviser and aims to help portfolio companies scale through sector expertise, operational support, and capital access.

Kamal Advani

Operating Partner

James Ashton

General Partner

Gregory Barger

General Partner

Christopher Bodine

Venture Partner

Hart Callahan

Partner

Past deals in Pennsylvania

InHomeTherapy

Series A in 2022
InHomeTherapy is a provider of at-home therapy and rehabilitation services headquartered in King of Prussia, PA. The company focuses on transforming home healthcare by offering a range of services, including physical, occupational, and speech therapy. These services cater to patients with various medical conditions, allowing them to rehabilitate in the safety and comfort of their own homes. InHomeTherapy aims to enhance the health and well-being of its patients by delivering personalized care in a familiar environment.

Circonus

Series B in 2021
Circonus is a company specializing in real-time monitoring and analytics for modern enterprises. Founded in 2010 and based near Philadelphia, PA, Circonus provides a unified platform that offers clear visibility into the behavior, health, trends, and performance of both traditional infrastructure and cloud-based technologies. The platform enables businesses to collect, store, manage, and analyze data from IoT devices and IT infrastructure in real time, helping them identify and resolve issues quickly. It serves various industries including Adtech, entertainment and streaming media, fintech, logistics and telematics, and smart grid/smart utilities.

Duck Donuts

Acquisition in 2021
Duck Donuts is a food and beverage chain headquartered in Mechanicsburg, Pennsylvania, specializing in made-to-order donuts. The company operates through a network of franchisee stores, allowing customers to create their own unique donut combinations by selecting from an extensive range of coatings, toppings, and drizzles. This customization includes options such as chocolate icing with sprinkles and maple icing with bacon, catering to diverse preferences and enabling a personalized dining experience. Duck Donuts focuses on delivering fresh, customizable products that meet the specific tastes of its customers.

Veritas Medical Solutions

Private Equity Round in 2020
Veritas Medical Solutions LLC specializes in the design, manufacture, and installation of pre-engineered radiation-shielded treatment facilities. The company offers a range of products, including its modular radiation shielding system, VeriShield, along with shielded doors, radiotherapy suites, and various treatment room solutions. Veritas serves multiple sectors, including radiotherapy oncology, medical imaging, and industrial inspection, both in the United States and internationally. Founded in 2008 and headquartered in Harleysville, Pennsylvania, the company is dedicated to providing efficient and effective radiation protection solutions that enhance the performance of treatment centers compared to traditional concrete constructions.

Circonus

Series A in 2020
Circonus is a company specializing in real-time monitoring and analytics for modern enterprises. Founded in 2010 and based near Philadelphia, PA, Circonus provides a unified platform that offers clear visibility into the behavior, health, trends, and performance of both traditional infrastructure and cloud-based technologies. The platform enables businesses to collect, store, manage, and analyze data from IoT devices and IT infrastructure in real time, helping them identify and resolve issues quickly. It serves various industries including Adtech, entertainment and streaming media, fintech, logistics and telematics, and smart grid/smart utilities.

Advanced Call Center Technologies

Private Equity Round in 2016
Advanced Call Center Technologies, LLC (ACT) is a provider of contact center and back office support services based in Berwyn, Pennsylvania. Founded in 1996, the company specializes in delivering a comprehensive range of services, including sales support, customer services, fraud and dispute management, and various back office solutions such as document management and process automation. ACT serves diverse industries, including financial services, government, healthcare, technology, and retail, and offers services in multiple languages, including English, Spanish, and Mandarin. The company operates 24/7 from both domestic and near-shore centers, tailoring its solutions to meet the unique needs of its clients and enhancing the customer experience throughout the relationship lifecycle.

Relay Network

Series B in 2016
Relay Network, LLC is a technology company headquartered in Radnor, Pennsylvania, specializing in customer engagement through a private messaging application. Founded in 2009, Relay Network enables businesses to send proactive and personalized communications to their customers, enhancing the way companies interact with their clientele. The platform supports various industries, including healthcare, financial services, insurance, cable, energy, travel, and hospitality, by allowing customers to opt-in for messages from their service providers. The company's innovative approach empowers businesses to design and automate customer engagement, helping them scale their support efforts and meet the growing demand for personalized service.

Circonus

Series A in 2016
Circonus is a company specializing in real-time monitoring and analytics for modern enterprises. Founded in 2010 and based near Philadelphia, PA, Circonus provides a unified platform that offers clear visibility into the behavior, health, trends, and performance of both traditional infrastructure and cloud-based technologies. The platform enables businesses to collect, store, manage, and analyze data from IoT devices and IT infrastructure in real time, helping them identify and resolve issues quickly. It serves various industries including Adtech, entertainment and streaming media, fintech, logistics and telematics, and smart grid/smart utilities.

USPack Logistics

Private Equity Round in 2015
Founded in 1986 by Peter Glazman, USPack Logistics specializes in personalized courier services. Initially focused on New York, the company has expanded its reach to include New Jersey, Connecticut, Washington D.C., Maryland, Virginia, Pennsylvania, and beyond. It offers a range of delivery services, from same-day and routed deliveries to white-glove and bulky item transport.

S. Walter Packaging

Private Equity Round in 2014
S. Walter Packaging is a Philadelphia-based provider of retail packaging and distribution services with over a century of experience. Founded in 1904 by Simon Walter, the company has evolved from kraft paper bags to a broad range of packaging products and services, offering thousands of styles of shopping bags, gift boxes, gift wrap, and related accessories. It maintains a large in-stock catalog and a national warehouse network to support fast shipping to retailers. The company serves branded consumer products companies and retailers, including national multi-unit chains and independent stores, delivering efficient packaging and streamlined distribution at competitive prices.

RightCare Solutions

Series B in 2014
RightCare Solutions is a healthcare technology company based in Horsham, Pennsylvania, established in 2011. The company focuses on enhancing the discharge planning process for hospitals, insurers, and homecare agencies through its proprietary Discharge Decision Support System, known as D2S2. This evidence-based platform enables healthcare providers to predict and identify high-risk patients at the time of admission, thereby improving patient outcomes and the overall quality of care. By addressing the challenges associated with 30-day readmissions, RightCare Solutions aims to alleviate the financial and operational burdens on the healthcare system, ensuring a more effective continuum of care for patients.

Relay Network

Series A in 2014
Relay Network, LLC is a technology company headquartered in Radnor, Pennsylvania, specializing in customer engagement through a private messaging application. Founded in 2009, Relay Network enables businesses to send proactive and personalized communications to their customers, enhancing the way companies interact with their clientele. The platform supports various industries, including healthcare, financial services, insurance, cable, energy, travel, and hospitality, by allowing customers to opt-in for messages from their service providers. The company's innovative approach empowers businesses to design and automate customer engagement, helping them scale their support efforts and meet the growing demand for personalized service.

Relay Network

Series A in 2012
Relay Network, LLC is a technology company headquartered in Radnor, Pennsylvania, specializing in customer engagement through a private messaging application. Founded in 2009, Relay Network enables businesses to send proactive and personalized communications to their customers, enhancing the way companies interact with their clientele. The platform supports various industries, including healthcare, financial services, insurance, cable, energy, travel, and hospitality, by allowing customers to opt-in for messages from their service providers. The company's innovative approach empowers businesses to design and automate customer engagement, helping them scale their support efforts and meet the growing demand for personalized service.

Atlantic Diagnostic Laboratories

Debt Financing in 2012
Atlantic Diagnostic Laboratories provides microbiology, chemistry, toxicology, immunology, and virology testing services to healthcare providers across Pennsylvania, New Jersey, New York, Delaware, Maryland, Connecticut, the District of Columbia, Virginia, Florida, Ohio, Kentucky, and West Virginia. Operating from a 26,000-square-foot facility, the company offers precise, timely laboratory services with a patient-centric approach, including high-end toxicology testing and drug screening for methadone clinics, behavioral centers, and pain management programs. It serves physicians’ offices, pain management clinics, drug rehabilitation clinics, nursing homes, and hospitals, among other clients, and has supported the healthcare system for over thirty years.

Relay Network

Series A in 2011
Relay Network, LLC is a technology company headquartered in Radnor, Pennsylvania, specializing in customer engagement through a private messaging application. Founded in 2009, Relay Network enables businesses to send proactive and personalized communications to their customers, enhancing the way companies interact with their clientele. The platform supports various industries, including healthcare, financial services, insurance, cable, energy, travel, and hospitality, by allowing customers to opt-in for messages from their service providers. The company's innovative approach empowers businesses to design and automate customer engagement, helping them scale their support efforts and meet the growing demand for personalized service.

MinSec

Private Equity Round in 2010
MinSec, established in 1995 and based in Wallingford, Pennsylvania, specializes in providing community-based correctional services. It operates community correctional facilities, outpatient programs, and behavioral health treatment centers, focusing on the treatment of chemical dependency and mental health disorders.

Precyse Solutions

Series A in 2010
Precyse Solutions, LLC is a health information management (HIM) company based in Wayne, Pennsylvania, specializing in enhancing medical records management and healthcare quality through a range of performance solutions. The company offers an integrated platform for inpatient and outpatient coding, clinical documentation, and medical coding, along with an online education and learning management system that includes curriculum and training for ICD-10. Precyse Solutions provides various HIM services, such as strategic sourcing, interim HIM staffing, medical coding, medical transcription, cancer registry management, and clinical documentation improvement. Additionally, the company offers consulting services focused on case management and utilization review, catering to healthcare facilities and health systems across the United States. Founded in 1999, Precyse Solutions has evolved to deliver innovative solutions that enhance efficiency and produce measurable outcomes in healthcare delivery.

Thermacore International

Debt Financing in 2008
Thermacore, Inc. is involved in the design, development, and manufacturing of thermal management systems and components tailored for original equipment manufacturer (OEM) applications across diverse global markets. Founded in 1970 and headquartered in Lancaster, Pennsylvania, the company offers a range of products, including heat spreaders, thermal straps, heat shields, and various cooling solutions such as air-cooled heat sinks and heat pipe assemblies. Its products are utilized in numerous sectors, including military, aerospace, communications, renewable energy, medical, and automotive, among others. Thermacore also provides engineering services encompassing design and prototyping, as well as materials technologies that include metal processing and fabrication. The company operates facilities in multiple locations, including Pennsylvania, New York, and the United Kingdom, and functions as a subsidiary of Aavid Thermalloy, LLC.

Precyse Solutions

Private Equity Round in 2008
Precyse Solutions, LLC is a health information management (HIM) company based in Wayne, Pennsylvania, specializing in enhancing medical records management and healthcare quality through a range of performance solutions. The company offers an integrated platform for inpatient and outpatient coding, clinical documentation, and medical coding, along with an online education and learning management system that includes curriculum and training for ICD-10. Precyse Solutions provides various HIM services, such as strategic sourcing, interim HIM staffing, medical coding, medical transcription, cancer registry management, and clinical documentation improvement. Additionally, the company offers consulting services focused on case management and utilization review, catering to healthcare facilities and health systems across the United States. Founded in 1999, Precyse Solutions has evolved to deliver innovative solutions that enhance efficiency and produce measurable outcomes in healthcare delivery.

LiquidHub

Series A in 2007
LiquidHub, Inc. is a customer engagement company headquartered in Wayne, Pennsylvania, specializing in digital solutions that enhance client interactions across various sectors, including healthcare, financial services, and retail. Established in 2001, the company provides a comprehensive suite of services, including LiquidMarketing for campaign management, LiquidSales for CRM solutions, LiquidCommerce for e-commerce optimization, and LiquidService for customer service enhancement. Additionally, LiquidHub offers expertise in analytics, content development, and technology integration, aiming to address complex business challenges through innovative design and strategy. With a global presence, LiquidHub operates offices in multiple countries, including India, the United States, and various locations in Europe and Asia.

RedPath Integrated Pathology

Series A in 2006
RedPath Integrated Pathology, LLC is a reference laboratory based in Pittsburgh, Pennsylvania, specializing in oncology support services. Founded in 2004, the company operates a diagnostic platform known as PathFinderTG, which focuses on the early and definitive diagnosis of cancer. This platform utilizes advanced techniques to analyze genetic mutations, extracting objective and quantitative genetic information from small tissue biopsies, cytology samples, and fluid specimens. By providing these insights, RedPath aids pathologists, clinicians, and patients in resolving complex diagnostic challenges, particularly in cases where cancer treatments do not produce expected results.

Habit OPCO

Venture Round in 2006
Habit OPCO is a healthcare company focused on providing treatment for opiate addiction in the United States. It offers medication-assisted treatment and counseling services aimed at helping individuals overcome addiction to opiates. The company operates 20 program sites and two mobile van units across several states, including Massachusetts, Vermont, New Jersey, New Hampshire, and Pennsylvania. Through its comprehensive approach, Habit OPCO supports patients in their recovery journey, addressing both the physical and psychological aspects of addiction.

Immune Control

Series A in 2005
Immune Control, Inc. is a biotechnology company established in 2001, focusing on the development of serotonin-based immunotherapeutics aimed at addressing autoimmune conditions and hematologic cancers. Founded on research from Drexel University College of Medicine, the company is working on small molecules that modulate the immune system by targeting serotonin receptors on immune cells. These therapeutics aim to selectively block activated immune cells, offering a more favorable side effect profile compared to traditional treatments. Immune Control's pipeline includes compounds intended for use in conditions such as multiple myeloma, type I diabetes, rheumatoid arthritis, lupus, asthma, and muscular dystrophies, with the potential market for these diseases exceeding a billion dollars. The company is actively advancing its research and has a robust intellectual property portfolio, which includes novel applications and compounds licensed exclusively from Drexel University. The company aims to submit an investigational new drug application to the FDA to initiate clinical trials, with the goal of proving the clinical efficacy of its therapies against various diseases associated with inappropriate lymphocyte activation.

Solomon Edwards

Venture Round in 2005
Founded in 1999, Solomon Edwards is a national professional services firm specializing in strategy execution. They provide custom solutions to address clients' critical business issues related to transformation, accounting & finance, governance compliance, and mergers & acquisitions. Headquartered outside Philadelphia with offices across major U.S. cities, they serve both domestic and multinational clients.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.