We formed NorthSpring Capital Partners in 2009 to provide promising companies with meaningful capital resources to assist them in achieving their business objectives. Our goal is to help build sustainable, rapidly growing, businesses. We do not play an active role in day-to-day operations or seek control positions; rather we work in partnership with management to drive growth.
We invest in companies with the following characteristics:
- Attractive growth prospects
- Management with extensive industry expertise, material capital at risk and a vision for growth
- Proven business model and established customer base
- Ability to make monthly cash interest payments
We target small to medium sized businesses with revenues of $2 to $30 million and profitability in the range of $0 to $5 million of EBITDA. Our capital has been utilized for a wide variety of purposes including management and leveraged buyouts, growth capital for expansion, debt restructuring and recapitalization.
We have experience and are comfortable in investing in a wide variety of industries including manufacturing, distribution and wholesale, business services, and technology. Our geographic preference is for companies within a two-hour drive of our Cambridge, Ontario offices.
We invest our own capital in each transaction. Financing in the range of $250,000 to $1 million is provided in the form of subordinated or convertible debt or mezzanine capital. We work closely with other co-investment partners to assemble substantially more capital, should circumstances warrant.