Diversified private investment company (holding company)
Spring Capital Group
- HeadquartersEugene, OR S1
- Founded1984 S1
- Websitespringcapitalgroup.com
- Last verifiedNovember 2, 2026
At a glance
| Revenue range | $20M to $100M S2 |
|---|---|
| Deal types | Platform S2 |
| Geography | United States S2 |
| Sectors | Industrial & Manufacturing, Consumer & Food |
What Spring Capital Group buys
Spring Capital Group is a private investment company in Eugene, Oregon, founded in 1984. It began in real estate across the Western US and still develops condos, hotels and commercial property, but it also buys operating companies. Its stated focus is controlling stakes in stable, privately owned businesses with $20 million to $100 million of annual revenue, mainly family-owned companies and corporate divestitures based in the US. Preferred areas are niche manufacturing, consumer products, gaming, timber and agriculture, and real estate and construction.
It invests its own capital, either as the direct owner and operator or in a joint venture with an operating partner, and it can come in as a shareholder, a lender or both. Its partners say they take an active part in guiding management. The portfolio page lists more than 40 investments, from snowboard maker Mervin Manufacturing, bought in April 2026, to protective gear makers, defense component makers, an armored car service, restaurants and a car wash chain. It publishes no EBITDA range or check size.
Recent deals
Announced in the 24 months before November 2, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Apr 2026 | Mervin ManufacturingMaker of Lib Tech, GNU and Bent Metal snowboards and action sports gear; leadership stays and production stays at its US factory | Platform | Consumer & Food | Source |
Portfolio by sector
From the firm's portfolio page S3.
Auto Services & Collision
- BlueWave Express Car Wash Listed on firm site
Construction Services
- Sentry Listed on firm site
Consumer & Food
- Mervin Manufacturing
- BlackStrap Listed on firm site
- Elmer's Restaurant Listed on firm site
- Steelhead Brewery & McKenzie Brewing Listed on firm site
- UBCO Electric Bikes Listed on firm site
Healthcare Services
- Monarch Medical Weight Loss Center Listed on firm site
Industrial & Manufacturing
- Air Rover Listed on firm site
- CrewBoss Safety Listed on firm site
- Robert Technologies Listed on firm site
- Serket USA Listed on firm site
- Western Shelter Systems Listed on firm site
Transportation & Logistics
- Thillens Armored Cars Listed on firm site
Other
- Syndicate Energy Services Listed on firm site
- Bison Logistics (Source Energy Solutions) Listed on firm site
- Betty's Listed on firm site
Past investments: Illinois Gaming Systems
Greymont’s take
How Spring Capital Group fits a seller
Spring Capital suits the owner of a family-owned manufacturer or consumer brand who wants a patient private buyer rather than a fund. Its April 2026 purchase of Mervin Manufacturing is the clearest recent example: Mervin's leadership team stayed in place, and Spring committed to keep making most products at Mervin's US factory. Because Spring invests its own money, it can hold for a long time, and it describes its partners as operators who work directly with company employees.
It is also a diversified group with a large real estate and hotel book, and it sometimes invests as a lender. An owner should ask whether the offer is a straight equity purchase or includes debt, how much of the company Spring wants to own, and which partner will be involved in running the business.
Questions owners ask
What size companies does Spring Capital Group buy?
Its investment focus page says it acquires controlling interests in stable, privately owned companies with $20 million to $100 million of annual revenue.
Does management stay after Spring Capital Group buys a company?
In the April 2026 Mervin Manufacturing deal, Mervin said its leadership team would remain in place and that Spring committed to keeping its US snowboard factory running.
How does Spring Capital Group invest?
It describes itself as a diversified private investment company that invests directly as a principal operator or in joint ventures with operating partners, as a shareholder, a lender or both.
Sources
- S1Spring Capital Group home page Accessed November 2, 2026
- S2Spring Capital Group: Investment Focus Accessed November 2, 2026
- S3Spring Capital Group: Portfolio (Select Investments) Accessed November 2, 2026
- S4Spring Capital Group: Who We Are Accessed November 2, 2026
- S5Boardsport SOURCE: Mervin Manufacturing Acquired by Spring Capital Group (company announcement, April 10, 2026) Accessed November 2, 2026
- S6SGB Media: Mervin Manufacturing Acquired by Spring Capital Group (April 13, 2026) Accessed November 2, 2026
- S7Spring Capital Group portfolio: BlueWave Express Car Wash Accessed November 2, 2026
- S8Spring Capital Group portfolio: Illinois Gaming Systems (sold in 2021) Accessed November 2, 2026
- S9Spring Capital Group portfolio: Mervin Made Accessed November 2, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Spring Capital Group. Figures are as reported on the dates shown and may have changed. Request a correction