Wellspring Capital Management
Wellspring Capital Management is an American private equity firm focused on leveraged buyout investments in middle-market companies across a range of industries.
The firm, which is based in New York City, was founded in 1995 by Martin Davis and Greg Feldman. Davis was best known for his role in restructuring Gulf and Western Industries into Paramount Communications. The firm has raised approximately $2.2 billion since inception across four funds. Wellspring completed fundraising on its fourth fund in 2005 with $1.0 billion of investor commitments as a successor to its $665 million 2003 Fund III. The current CEO of Wellspring is William F. Dawson, Jr.
Among the firm's most notable investments are: Performance Food Group, Lionel, Dave & Buster's and Checkers.
In 2015 the firm acquired Bellwether Behavioral Health, a troubled for-profit group home operator that has faced challenges in Maryland, New Jersey, and Florida.Miscellaneous
The firm is not related to a Florida firm, Wellspring Capital, that was implicated in a Ponzi scheme in 2004.
