NewSpring Franchise invests in innovative franchise and multi-unit concepts with compelling brand and customer value propositions within large and growing markets. We are uniquely positioned within the lower-middle market with over 40 years of sector specific operating and investing experience.


Investment criteria

Transaction types

Growth equity, recapitalizations, management buyouts


United States

Financial profile

  • $5m–$50m revenue
  • $1m–$5m EBITDA
  • TTM revenue $10m+
  • High-growth
  • Sustainable & growing margins
  • Scalable
  • Capital-efficient
  • Disruptive

Multi-unit companies


Owners of multi-unit companies


Holders of franchise licenses

Non-franchised company-owned

Non-franchised company-owned
Corporate-owned multi-unit businesses


Franchise news

Read about our recent investments and thinking in the Franchise space.

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NewSpring Franchise Adds Former Boston Market CEO & Restaurant Franchise Industry Veteran to Operational Value Creation Team

NewSpring ("the Firm"), a family of private equity strategies, announced today that NewSpring Franchise, the Firm's strategy dedicated to...

July 07, 2023

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The Bottom Line: NewSpring Invests in Federal Donuts

NewSpring (the “Firm”), a family of private equity strategies, today announced that NewSpring Franchise, the Firm’s dedicated strategy focused on...

Transactions & News

April 05, 2022

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