NewSpring Holdings Announces Additional Platform Acquisition in New Market Segment
September 20, 2018
Adds Government Services to growing portfolio of Wealth Management, Cloud Communications, and Logistics market segments
Radnor, PA - September 20, 2018 - NewSpring Holdings LLC, the dedicated holding company of NewSpring, announced today that it has completed its acquisition of The Sentinel Company (“Sentinel” or the “Company”), establishing NewSpring Holdings’ government services platform.
In just over four years, NewSpring Holdings adds its fourth platform with Sentinel, a Washington, DC-based government services and solutions firm founded in 2005. Clients of Sentinel include agencies and industry partners in border security, national security, Department of Defense, and federal health.
Sentinel provides mission-focused consulting and technology-enabled solutions to customers within these critical national security domains. The company’s unique combination of subject matter expertise, trusted client relationships, and experience as former senior Government leaders is uniquely coupled with a decades-long history of mission and business success. Sentinel’s proven track record of successfully initiating, building, acquiring, and creating sustainable outcomes within Government services companies positions the company as a leader in its market, allowing for aggressive organic and inorganic growth strategies.
NewSpring Holdings’ newest platform will be led by CEO, Andy Maner, an accomplished senior executive in the Federal IT/Consulting arena with specialties in M&A, Corporate Leadership, and Organization Design with mission eminence in National Security and Homeland Security. His experience has been built in both senior positions in Government (White House, Mogadishu, Somalia, Customs and Border Protection, Department of Homeland Security) and in the private sector. Consistently rated among the Top 30 in Washington Exec Magazine’s “Executives to Watch,” Andy acquired, built, ran, and sold PE-backed, National Interest Security Company to IBM in 2010. Andy later served as U.S. Federal Leader in IBM’s multi-billion-dollar, Global Business Services, Public Sector Practice. Andy has helped assemble a strong, proven team that has operated in this sector for decades and is experienced in a diversity of missions in Government.
NewSpring Holdings General Partner, Jim Ashton, commented, “The sustained growth and customer-and-mission focus exhibited by the Sentinel team in the past several years spanning multiple companies, combined with the industry expansion of government services consulting, positions this company to deliver phenomenal results. We believe Sentinel can be the cornerstone investment in this sector and look forward to working with Andy and his team to drive the acquisitive approach that has been a hallmark of NewSpring Holdings’ value creation methodology. We are proud to add the outstanding people of Sentinel to our expanding portfolio.”
CEO, Andy Maner, adds, “With NewSpring Holdings, I have a partner, not simply in the investment aspects of the business, but importantly, in operational leadership – all essential elements of long-term success. The federal market requires a steadfast and committed partner, one that takes care to understand the intricacies of the critical missions and agencies served. Together, our experience launches this new market-leading, technology-driven-services platform and will power our future growth in the important middle-market segment in the federal sector.”
Sentinel is committed to actively identifying and partnering with innovative companies playing leading roles in pivotal areas across the entire government services sector.
The Sentinel Company provides strategic consulting, operational support, and technology services to federal customers and private sector partners in the homeland security, law enforcement, intelligence, defense, and federal health sectors. Their team’s expertise and mission focus have allowed them to achieve real wins for their customers, making them a trusted name in national security. For more information, visit.
About NewSpring Holdings
NewSpring Holdings, NewSpring’s dedicated holding company with a strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $1.7 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. Visit NewSpring at www.newspringcapital.com.