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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Celebrating 25 Years: 25 Tips for Growing Lower-Middle-Market Businesses

For 25 years, NewSpring has remained steadfast in our commitment to the lower-middle market, where innovation thrives and growth potential is...

Operating Advice

May 03, 2024

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NewSpring Franchise Announces Strategic Investment in Healthy Fast-Casual Concept Shake Smart

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

Transactions & News

March 15, 2024

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