2022: A Robust Year of Transaction Activity for NewSpring Holdings
January 17, 2023
With a track record of helping successful companies reach new levels of growth by creating environments where business leaders succeed, NewSpring Holdings, NewSpring's dedicated buyout strategy, has helped its platform companies add scale and capabilities, enter new markets, and expand their businesses through a record-breaking year of M&A activity. In addition, NewSpring Holdings made strategic moves to monetize assets when market conditions provided for attractive outcomes and returns for its shareholders. These acquisitions and exits are part of the team’s strategy of creating long term value by building integrated platform companies in fragmented markets through the effective use of proven value creation methodologies and being purposeful sellers to realize value when opportunities are presented.
Holdings 2022 Transaction Activity Recap:
- March 2022 – Magna5 Continues Expansion of Managed Services Business through Acquisition of TCG Network Services: Read More
- April 2022 - NewSpring Holdings sells VMS Hub assets to focus purely on QUODD Data Read More
- May 2022 – Avantus Federal Acquisition of Far Ridgeline Technologies: Read More
- May 2022 – Magna5 Continues Strong Growth Through Acquisition of Stablenet Read More
- June 2022 - Wealthcare Continues Strong Growth Through Acquisition of Eagle Financial Management Services Read More
- September 2022 - Wealthcare Continues Expansion in the Direct Advisory Market through the Acquisition of Fellows Financial Group Read More
- November 2022 – NewSpring Holdings sells Avantus to QinetiQ PLC for $590 Million Read More