PennSpring Capital, an investment firm focused on lower middle market opportunities in South Central Pennsylvania, has acquired M&A advisory firm Norton Jackson & Co. Based in Mechanicsburg, PA, Norton Jackson is an advisor for area business owners.
“This acquisition is about people, proven systems and the incredible synergies to be created in bringing Norton Jackson into PennSpring Capital,” stated PennSpring managing partner Lou Castelli. “Founders John Norton and Aaron Jackson bring to PennSpring deep and complementary skillsets. John is a transactional expert with 25 years of investment banking experience, while Aaron is an accomplished business planning services attorney. In helping business owners attain their goals through passion and integrity, Norton Jackson has established meaningful relationships with state leadership. South Central Pennsylvania is already a haven for entrepreneurship – the addition of Norton Jackson to PennSpring further helps those owners realize well-deserved liquidity opportunities.”
Norton Jackson managing partner John Norton said, “In just three years, PennSpring has emerged as our region’s most active and sophisticated private equity group, and that starts with Lou Castelli. He has seen deals from every angle: as a founder, an operator, a buyer, a seller and an investment banker. We believe his comprehensive expertise combined with our respective skill sets will propel our sell-side practice to new heights, and we are thrilled to join the PennSpring team.”