NewSpring Capital and Plexus Capital Partner to Acquire Northeast Ship Repair

Radnor, PA & Charlotte, NC – November 19, 2013 – NewSpring Capital, a family of private equity funds providing growth equity and mezzanine capital, announced today that NewSpring Mezzanine, the dedicated mezzanine fund of NewSpring Capital and Plexus Capital, which specializes in providing growth capital to lower middle market businesses across the nation, acquired Boston, MA based Northeast Ship Repair, Inc. (“Northeast”). Concurrent with the acquisition, Ed Snyder, the Company’s current President, will become the CEO.

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Categories: Acquisitions, Venture Capital

Author:NJ Tech Council

The New Jersey Tech Council helps companies grow and supports the tech, innovation and entrepreneurial ecosystems in the state and region.

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