Spring Capital Partners

Spring Capital Partners

Spring Capital Partners is a private equity firm founded in 1997 by William F. McPherson and headquartered in Wayne, Pennsylvania. The firm focuses exclusively on the lower middle market, typically acquiring controlling stakes in companies with enterprise values between $10 million and $50 million. Spring Capital Partners targets a variety of industries, including manufacturing, distribution, and business services. The firm's investment strategy centers on platform acquisitions followed by tuck-in add-on acquisitions to build scale. Spring Capital Partners typically commits between $5 million and $10 million of equity per deal, seeking to partner with experienced management teams. The firm does not maintain a sector-specific focus, instead seeking opportunities where operational improvements can generate value. Spring Capital Partners has completed over 100 transactions since inception, per the firm's public communications. The firm's team includes experienced professionals, though public details are limited. Spring Capital Partners has no disclosed AUM or capital under management figures. The firm operates solely out of its Wayne, Pennsylvania office. A structural differentiator is Spring Capital Partners' long track record over more than two decades in the lower middle market, a segment often overlooked by larger private equity firms. The firm's focus on control-oriented investments and operational value creation distinguishes its approach from minority or growth equity investors.