NewSpring Franchise Bolsters Operational Value Creation Team with Industry Veteran Douglas DeBoer
October 18, 2023
DeBoer will leverage experience successfully scaling franchise businesses to help NewSpring portfolio companies grow
NewSpring ("the Firm"), a family of private equity strategies, announced today that NewSpring Franchise, the Firm's strategy dedicated to investing in innovative franchise and multi-unit concepts in large and growing markets, has added Douglas DeBoer, a three-time CEO including Domino’s Pizza China and Da Niang Dumpling Restaurant Group, one of the largest Chinese restaurant brands, to its Value Creation Team. DeBoer joins NewSpring Franchise’s growing bench of franchise leaders, including industry veteran and former Friendly’s and A&W Restaurants CEO George Michel.
DeBoer brings decades of operational experience to the NewSpring Franchise Value Creation Team in industries where the strategy is heavily invested. His experience leading private equity-backed portfolio companies in the restaurant, consumer products, and education services industries, and specifically scaling multi-unit businesses in the US and internationally, is an invaluable resource to NewSpring’s lower-middle market companies cultivating profitable scale.
“With the high amount of growth potential at the lower end of the middle market, franchise businesses have so much to benefit from working with proven industry leaders with experience navigating the challenges and opportunities that come with exponential growth. Douglas is a true veteran, and we’re thrilled to have the opportunity to bring his high-caliber talent to emerging franchise businesses that otherwise wouldn’t have access to this expertise.”
“NewSpring possesses the network, operational expertise, and growth-oriented mindset required to profitably scale franchise businesses,” said DeBoer. “Combined with their successful track record of identifying innovative management teams, I’m excited to bring my experience to their portfolio companies and together achieve exponential growth.”
NewSpring Franchise invests in capital-efficient, consumer-facing, multi-unit businesses with a strong customer value proposition, proven unit-level economics, and exceptional management teams in the lower-middle market. By partnering with founders and entrepreneurs to understand their vision, NewSpring Franchise’s objective is to help these often-underserved franchise businesses achieve their goals with differentiated financial, human, and intellectual capital.