The Bottom Line: NewSpring Exits Boston Valley Terra Cotta

NewSpring ("the Firm"), a family of private equity strategies, today announced that NewSpring Mezzanine, the Firm’s dedicated private credit strategy, has exited its investment in Boston Valley Terra Cotta (BVTC) through a sale to RAF Equity.

Over the course of NewSpring’s investment, the Firm invested in expanding BVTC’s production capacity, adding further depth to the senior leadership team, and expanding sales and marketing resources to increase market share.

BVTC is a leading manufacturer of custom architectural terra cotta façade solutions serving a growing range of commercial end markets. The company’s masonry and cladding solutions serve restoration, renovation, and construction applications and are revered by architects, contractors, and developers for their unmatched design capabilities and product quality.

“With its work featured on some of the most iconic structures around the world, BVTC has evolved into a premier custom architectural terra cotta solutions provider focused on delivering high-quality and bespoke solutions,” said NewSpring Partner Drew Scannell. “Throughout our investment, we were able to meaningfully expand the company’s manufacturing capacity and are proud of what we’ve accomplished alongside the BVTC management team. We wish them continued success with their new partners.”

“NewSpring’s partnership was instrumental in helping us find new ways to increase production without sacrificing the high-quality work our customers have come to know and trust,” said Laura Rygielski, BVTC CEO. “Their supportive, collaborative and partnership-oriented approach took our business to new levels, and we wouldn’t be the market leader we are today without their guidance, resources, and support.”

Brown Gibbons Lang & Company supported the transaction as investment banker.

About NewSpring

For more than 25 years, NewSpring has partnered with founders and management teams in the lower-middle market, providing capital, operational support, and strategic guidance to help businesses scale. With over $3.5 billion in assets under management and more than 250 investments completed, we bring operational experience and investment expertise to build market-leading companies in sectors where we can combine deep market insight with a repeatable, informed approach, such as technology, healthcare, business services, consumer, and industrials. Through five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt, we tailor our approach to each company's stage and goals, always with a focus on sustainable growth. As specialists in the lower-middle market, we support growth that leads to more predictable outcomes. At NewSpring, we are as invested in your outcome as you are. Visit NewSpring at www.newspringcapital.com.