Radnor, Pennsylvania, emerges as a prime location for private equity firms, hosting notable players like NewSpring Capital, LLR Partners, and Graham Partners. These firms leverage the region’s strategic proximity to major financial centers and robust entrepreneurial ecosystem. Their diverse investment strategies span technology, healthcare, and manufacturing sectors, driving innovation and economic growth. Interested professionals can explore this dynamic landscape and connect with like-minded leaders by joining our community at alexejpikovsky.com/community.
NewSpring Capital
Investment Style: NewSpring Capital focuses on growth equity, control buyouts, and mezzanine debt investments. They target high-performing, growth-oriented companies across various sectors, including healthcare, technology, and business services.
Portfolio Companies: NewSpring’s portfolio includes Dstillery (digital intelligence company), Kno2 (interoperability as a service provider), and Sparus Holdings (provider of outsourced field and professional services).
Founding Date: 1999
Number of Investment Professionals: Over 40
Assets Under Management: Approximately over $3.5 billion
Key Investment Professionals:
- Mike DiPiano, Managing General Partner: Leads investment strategy, focusing on portfolio growth and value creation.
- Marc Lederman, General Partner: Specializes in technology and business services investments.
- Brian Kim, General Partner: Focuses on healthcare investments and strategic growth initiatives.
Recent Exits: NewSpring successfully exited its investments in Verisma Systems to private equity firm BPOC and Dstillery via a secondary sale.
Recent Acquisitions: Invested in Avance Care (value-based primary care organization) and GoCanvas (mobile platform for automating workflows).
Office Locations:
- Radnor (Headquarters): Radnor, Pennsylvania
- Additional Offices: Baltimore, Chicago, New York
Website: www.newspringcapital.com
Quote: “Our firm is dedicated to partnering with exceptional management teams to build businesses that drive innovation and growth in their industries.” – Mike DiPiano, Managing General Partner
LLR Partners
Investment Style: LLR Partners focuses on growth capital investments in middle-market companies, emphasizing sectors such as technology, education, healthcare, and financial services. They partner with companies that have established business models and are poised for significant growth.
Portfolio Companies: LLR’s portfolio includes 3SI Security Systems (cash and asset protection solutions), CoreDial (cloud communications software), and Inova Payroll (payroll services).
Founding Date: 1999
Number of Investment Professionals: Over 60
Assets Under Management: Over $5 billion
Key Investment Professionals:
- Howard Ross, Partner: Focuses on investments in software and technology-enabled services.
- David Reuter, Partner: Specializes in healthcare and business services investments.
- Jason Rigoli, Partner: Concentrates on financial technology and services investments.
Recent Exits: Exited investments in CoreDial to BCM One and eLocal to HomeServe.
Recent Acquisitions: Acquired a stake in TrueCommerce (supply chain network solutions) and invested in AbacusNext (private cloud and business management software).
Office Locations:
- Radnor: Radnor, Pennsylvania
Website: www.llrpartners.com
Quote: “We are committed to working collaboratively with our portfolio companies to accelerate growth and create value through strategic support and resources.” – Howard Ross, Partner
Graham Partners
Investment Style: Graham Partners specializes in investing in technology-driven companies in the advanced manufacturing and industrial technology sectors. They focus on businesses with strong growth potential and opportunities for operational improvement.
Portfolio Companies: Their portfolio includes Ametek (manufacturer of electronic instruments), Myers EPS (emergency power solutions), and OptConnect (provider of managed wireless connectivity solutions).
Founding Date: 1988
Number of Investment Professionals: Over 25
Assets Under Management: Approximately $3 billion
Key Investment Professionals:
- Stephen Graham, Managing Principal: Leads the firm’s investment strategy and operational improvements.
- Chris Lawler, Managing Principal: Specializes in portfolio management and strategic growth initiatives.
Recent Exits: Successful exits include Myers EPS to Kohlberg & Company and OptConnect to Graham Partners’ own internal fund.
Recent Acquisitions: Acquired a majority stake in Mercer Foods (provider of freeze-dried products) and Tasman Industries (manufacturer of specialty chemical products).
Office Locations:
- Radnor (Headquarters): Radnor, Pennsylvania
Website: www.grahampartners.net
Quote: “Our operational expertise and sector-focused approach allow us to drive transformative growth in our portfolio companies.” – Stephen Graham, Managing Principal
Argosy Private Equity
Investment Style: Argosy Private Equity focuses on lower middle-market buyouts and growth equity investments. They target companies with strong management teams and opportunities for value creation through operational improvements and strategic growth initiatives.
Portfolio Companies: Argosy’s portfolio includes ECS (environmental services firm), CSS Industries (consumer products company), and MediaCross (provider of marketing services).
Founding Date: 1990
Number of Investment Professionals: Over 20
Assets Under Management: Approximately $1 billion
Key Investment Professionals:
- David W. Pennino, Managing Partner: Oversees investment strategy and portfolio management.
- William E. Agresta, Partner: Specializes in sourcing and executing new investments.
Recent Exits: Exited ECS to private equity firm H.I.G. Capital and CSS Industries to IG Design Group.
Recent Acquisitions: Acquired a stake in MediaCross and invested in two additional lower middle-market companies in 2023.
Office Locations:
- Wayne (Headquarters): Wayne, Pennsylvania
Website: www.argosycapital.com
Quote: “Our focus on operational improvement and strategic growth initiatives enables us to create value in the lower middle market.” – David W. Pennino, Managing Partner
Milestone Partners
Investment Style: Milestone Partners focuses on control buyouts and growth equity investments in lower middle-market companies. They emphasize business services, financial services, and niche manufacturing sectors.
Portfolio Companies: Their portfolio includes Global HR Research (employment screening solutions), and Precision Hydraulic Cylinders (manufacturer of hydraulic components).
Founding Date: 1995
Number of Investment Professionals: Over 15
Assets Under Management: Approximately $700 million
Key Investment Professionals:
- Scott Warren, Partner: Focuses on business services and niche manufacturing investments.
- John Shoemaker, Partner: Specializes in financial services and strategic growth initiatives.
Recent Exits: Exited Global HR Research to a strategic buyer and Precision Hydraulic Cylinders to a private equity group.
Recent Acquisitions: Acquired a stake in a financial services technology company in 2023 to expand their portfolio.
Office Locations:
- Radnor (Headquarters): Radnor, Pennsylvania
Website: www.milestonepartners.com
Quote: “Our approach is to partner with management teams to enhance operational efficiency and drive growth in our investments.” – Scott Warren, Partner
Conclusion
Radnor’s private equity landscape reflects a dynamic ecosystem of strategic investment and value creation. The firms here are reshaping local economic trajectories through calculated acquisitions and thoughtful portfolio management. As the region continues to evolve, these entities will play a critical role in driving regional economic transformation and supporting emerging enterprises.
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