PennSpring Capital

PennSpring Capital is pleased to announce it has successfully completed the acquisition of Refresh LED, a national full-service provider of high-quality LED video walls and displays for houses of worship, universities and commercial clients seeking to enhance participant experience. As a market leader with additional offices in Las Vegas and Tampa, Refresh LED supports every aspect of the project lifecycle – from design and project management to installation and ongoing support. “Refresh LED’s success is built on the strength of its culture,” stated PennSpring Managing Partner Louis Castelli, “We are incredibly mindful of protecting this culture, and are proud that core management will remain in place. Refresh LED has the foundation to be the industry’s best. With PennSpring’s financial and professional resources, we believe we can realize this potential together.” We are thrilled to partner with the entire Refresh LED team! #LEDvideowalls #lowermiddlemarket #mergersandacquisitions 

Stephen Loiseau, Vice President of Corporate Development at PennSpring Capital was recently featured in the Central Penn Business Journal's Movers & Shakers series. Take a moment to check it out and learn more about Stephen! #CorporateDevelopment #CPBJMoversAndShakers

The beginning of a new chapter 🌱 After 6.5 incredible years leading Double, I’m excited to share that we’ve officially been acquired by Zirtual, a leader in the remote assistant space for over a decade. The journey has been a wild ride, and I’m incredibly grateful to have shared it with so many amazing people: 🕺 Our incredible team, who faced every challenge with dedication, motivation, and unwavering support. Thank you for your hard work and care through it all. 🗺️ Our community of Doubles in the US and France, whose commitment and energy turned our internal Slack into such a supportive, caring, and fun environment. We couldn’t have done it without you. 🤩 Our amazing clients, who trusted us with their time, work, and lives. It’s been a true pleasure helping you reclaim time in your day over the years and see what you could do with it. A special thanks to our investors who helped us get here, including Willy Braun and daphni, Louis Bô and Eurazeo, and Nina Achadjian and Index Ventures — and all of our business angels who picked up the phone when I needed it the most. And obviously to the Zirtual team and their backer, PennSpring Capital, for this exciting opportunity to write the next chapter together and continue democratizing delegation. For our clients and assistants, nothing changes for now — we’ll continue providing the exceptional support you’ve come to expect, while exploring new ways to grow together. Here’s to the journey ahead! 🌳

PennSpring Capital is pleased to welcome Stephen Loiseau to our team as Vice President of Corporate Development. Stephen will focus on driving both organic and inorganic growth across PennSpring's portfolio companies. "We are thrilled to welcome Stephen to our leadership team," said Louis Castelli, Managing Partner at PennSpring Capital. "His blend of investment experience and his sales success in the technology sector positions him uniquely to drive value across our portfolio. Stephen's competitive spirit and focus on execution, honed through his wrestling career, will be invaluable as we pursue growth for PSST and EHC Associates. We are confident that his leadership will unlock significant growth opportunities for our portfolio companies." #newhire #corporatedevelopment

PennSpring Capital's portfolio company Zirtual, providers of high quality virtual assistant services is pleased to announce the acquisition of Double, a complementary provider of standout executive assistants and on-demand services - as powered by proprietary AI. This acquisition allows Zirtual to leverage Double’s industry leading software suite – backed by more than $20 million in funding across four financing rounds from 25 prominent venture investors, including Eurazeo, Index Ventures, and Daphni. "Welcoming such a talented team of executive assistants is only part of the story. The integration of Double's AI capabilities into Zirtual is a true game-changer for our clients and the future of virtual support services." – Louis Castelli, Managing Partner at PennSpring Capital. We are excited for Double to join the Zirtual team! #mergersandacquisitions #virtualassistants #techenabledsolutions #lowermiddlemarket

PennSpring Capital is pleased to announce our portfolio company Zirtual, providers of high quality virtual assistant services has acquired DelTrust, establishing a virtual paralegal division.

PennSpring Capital Acquires Virtual Assistant Leader Zirtual, to Apply BPO Growth Expertise