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Lancaster-based private equity firm PennSpring Capital has announced the purchase for an undisclosed price of Norton Jackson & Company, a Mechanicsburg-based firm that advises companies on mergers and acquisitions.
PennSpring Capital Acquires Leading M&A Advisory Firm Norton Jackson
Highly Accomplished Principals to Join PennSpring, Significantly Enhancing its Sell-Side Capabilities
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LANCASTER, Pa., April 27, 2021 /PRNewswire/ PennSpring Capital, a people-forward investment firm focused on lower middle market opportunities in South Central Pennsylvania, announced today that it has acquired leading M&A advisory firm Norton Jackson & Company. Based in Mechanicsburg, PA, Norton Jackson has established itself as the advisors of choice for area business owners. Its acquisition further solidifies PennSpring as a dynamic force in the lower middle market – and now as the region s preeminent source for both direct investment and sell-side solutions.
New PennSpring Partner Further Bolsters Internal Financial Analysis Expertise
Former RKL CPA Andrew Rice Adds Transaction Leadership to Burgeoning Sell-Side Practice
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LANCASTER, Pa., April 6, 2021 /PRNewswire/ PennSpring Capital, a people-forward investment firm focused on lower middle market opportunities in South Central Pennsylvania, announced today the addition of Andrew Rice as Partner. Andrew brings to PennSpring over 13 years of transaction-related experience, particularly in buy-side and sell-side financial due diligence for both private equity firms and strategic buyers. Andrew will contribute to PennSpring s direct investment initiatives, and lend proven leadership to the firm s rapidly expanding sell-side advisory practice.
Swing Kingdomâs origin story reads like an archetypal Lancaster County tale of an entrepreneur who finds early success that takes him and his business off the farm, then continues to grow through the persistent application of effort and ingenuity.
Amos Glick was 18 years old when he started building sheds on his Amish familyâs farm in Leola. But, with many other local shed markers, Glick decided in 2000 to start making backyard swingsets with vinyl components. By the spring of 2018, Glick had 70 employees, was making 10,000 swingsets a year and had his own company, Atlas Molding, to produce parts.
Then Glick did something atypical for a Lancaster County entrepreneur: He sold most of his company to PennSpring Capital, a Lancaster-based private equity firm run by former New York City investment banker Lou Castelli.