Investment Focus & Thesis

NewSpring Capital offers five distinct investment strategies, each with specialized sector expertise: Investment Range Equity investments typically ranging from $10 million to $75 million in companies with $1-10M EBITDA and $10M+ system-wide sales. Franchise Strategy 25+ unit count, $1-10mm EBITDA, $10mm+ system-wide sales. Invests in franchisors, franchisees, and company-owned businesses. Franchise & Multi-Unit — Pet services, home services, food & restaurant, personal care, education Growth Equity — Software, tech-enabled services, and e-commerce Healthcare — Healthcare services and healthcare technology Mezzanine — Flexible debt solutions for growth companies Holdings — Thesis-driven buy-and-build in tech-enabled services

Notable Portfolio Companies

NewSpring Capital has built a diversified portfolio across their franchise and growth strategies: Company Sector Notes Blo Blow Dry Bar Franchise - Personal Care Blow dry bar franchise concept Central Bark Franchise - Pet Services Pet daycare and boarding franchise Duck Donuts Franchise - Food & Beverage Donut franchise concept Great Harvest Franchise - Food & Beverage Bakery franchise Shake Smart Franchise - Food & Beverage Smoothie and health drink franchise AeroSafe Franchise - Home Services HVAC services franchise D1 Training Franchise - Fitness Sports training franchise With 70+ professionals across their strategies, NewSpring brings substantial resources and operational expertise to help franchise and multi-unit businesses scale.

What NewSpring Looks For

Based on their investment patterns, NewSpring Capital evaluates franchise opportunities based on: Unit economics — Proven unit economics with sustainable business models Scale potential — Demonstrated ability to grow beyond 25+ units System-wide sales — $10 million or more in system-wide sales Experienced management — Management teams with franchise operating expertise Resilient sectors — Focus on resilient, growth-oriented industries }> Pro Tip NewSpring brings 20+ years of franchise operating experience to their investments. They position themselves as trusted advisors providing operational expertise, connections, and resources to accelerate growth. Their multi-strategy approach means they can provide flexible capital solutions.

How to Connect With NewSpring

Approaching NewSpring Capital requires demonstrating franchise scalability and operational excellence: 1 Demonstrate Unit Economics Show proven unit economics at each location. Be prepared to present detailed EBITDA per unit, royalty streams, and franchise fee structures. 2 Show Multi-Unit Track Record Demonstrate success operating 25+ units. NewSpring looks for established franchise systems with proven expansion capability. 3 Present Growth Pipeline Prepare a clear expansion plan showing new unit development, geographic expansion, and acquisition opportunities. 4 Highlight Brand Strength Demonstrate brand equity, customer loyalty, and franchisee satisfaction. Show resilience across economic cycles.

The Value of Financial Preparedness

PE firms like NewSpring expect detailed financial information specific to franchise businesses: Franchise Metrics • Unit-level EBITDA by location • System-wide sales trends • Royalty revenue growth • Franchisee financial health Operational Data • Same-store sales trends • New unit development pipeline • Franchisee retention rates • Brand health metrics }> How Eagle Rock Helps We help franchise companies prepare for PE investment by building detailed financial models, unit-level reporting, and growth projections. Our fractional CFO services ensure your company is ready for franchise-focused due diligence.

Frequently Asked Questions