NewSpring Franchise invests in innovative franchise and multi-unit concepts in 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

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