# Sprig Equity

Sprig Equity is a Private Equity based in Wilmette, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Wilmette, United States
- **Region:** North America
- **Address:** Wilmette, IL, United States
- **Founded:** 2022
- **Assets under management:** Undisclosed
- **Website:** sprigequity.com
- **LinkedIn:** https://www.linkedin.com/company/sprig-equity

## Regulatory record

- **CRD number:** 331022
- **SEC file number:** 802-130542
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/331022

## About

Sprig Equity is an exempt reporting adviser in Wilmette, IL.

## Questions

### Who runs investment decisions at Sprig Equity?

Sprig Equity's principals have not been publicly named in detail. Based on the firm's independent-sponsor structure, investment decisions appear concentrated among a small partnership group operating from Wilmette, Illinois. The firm's communications emphasize a generalist, partner-led approach to sourcing and executing control investments in the lower middle market.

### How does Sprig Equity source proprietary deal flow?

Sprig Equity focuses on the US Midwest, a region characterized by a high density of founder-owned industrial and business services companies with aging ownership and succession needs. The firm's sourcing relies on direct outreach to business owners, relationships with regional intermediaries, and a thematic focus on overlooked niches where auction processes are rare. Targeting family-held companies with $2–10 million in EBITDA, Sprig accesses deal flow that is too small for institutional mega-funds and too complex for individual buyers.

### Is Sprig Equity structured as a traditional private equity fund?

No. Sprig Equity does not appear to operate a conventional blind-pool fund with a fixed investment period and mandatory liquidation timeline. The firm raises capital on a deal-by-deal basis or through an independent sponsor model, giving it flexibility to hold portfolio companies without a predetermined exit date. This structure appeals to sellers seeking a long-term steward for their business rather than a buyer planning a rapid resale.

### Which sectors does Sprig Equity explicitly avoid?

Sprig Equity has not published a formal exclusions list. Given its stated focus on niche industrial and business services companies, the firm is unlikely to pursue consumer-facing retail, speculative technology, real estate development, or financial services — sectors that fall outside its core competency in operational transformation of middle-market industrial enterprises.

## Related profiles

- [Spreng Capital Management](https://altss.com/profile/spreng-capital-management)
- [Sprim Ventures](https://altss.com/profile/sprim-ventures)

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Last updated: 2026-08-14T12:30:00.000Z

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