Buyers and long-term owners of recurring revenue businesses
A simple but powerful mission: empower entrepreneurs to live their dreams.
What We Do
Newbury Franklin supports entrepreneurs in two ways. For aspiring entrepreneurs, we help them acquire exceptional companies and put them in position to build upon the value already inherent in these great businesses. For entrepreneurs who have spent decades building their businesses, we offer a graceful transition that includes both liquidity and a succession plan.
We believe we are differentiated by our credibility as business leaders, not just investors. Our approach is to partner with founders and management teams in transitioning ownership and supporting business continuity.
The journey of an enduringly great company unfolds over decades, not years. Responsible stewards of these companies recognize this fact and organize themselves to sustain over the extremely long-term. With that as a guiding principle, Newbury Franklin is a family of companies being built with an intention to never sell. This mindset – and our corresponding capital structure – drives focus toward sustainable value creation over multiple decades.
As a service-oriented company, we deeply understand that we are nothing without our people. We subscribe to the belief that, in business as on the field, the best team wins. To that end, we invest meaningfully in developing our people and focus extensively on identifying future leaders.
Jason Mangone, CEO - Newbury Franklin Home Services
Jason has taken a circuitous route to small business leadership. He began his career as an infantry officer in the United States Marine Corps from 2006-10, including deployments to Iraq and Haiti. After his military service, he was a Research Associate at the Council on Foreign Relations.
After graduate school Jason expected to return to work in the national security sector, but ended up running the Aspen Institute’s Franklin Project, an initiative to make a year of national service a common expectation for every young American. He led the Franklin Project’s merger with two other nonprofits, resulting in the creation of the Service Year Alliance, where Jason was Chief Operating Officer.
He then spent a year helping to build New York City’s Department of Veterans’ Services as a Senior Advisor to the agency’s Commissioner. In 2018, he co-authored the national best-selling book Leaders: Myth and Reality, which the Financial Times named a “Best Business Book of 2018.” His writing has also been published, among other outlets, in the Wall Street Journal, Huffington Post, Task & Purpose, and Philadelphia Inquirer.
Jason is a 2006 graduate of Boston College and a 2013 graduate of Yale University’s Jackson Institute for Global Affairs. He lives in Brooklyn with his wife and three kids, who he is raising to be Mets, Jets, Knicks, and Rangers fans because he believes that resilience builds character.
Jake Lubinski, CEO - Newbury Franklin Insurance Company
Jake began his career in Boston at KICVentures, a holding company dedicated to improving healthcare. At KICVentures, Jake supported the operations, strategic partnerships, and global commercialization of the firm’s portfolio companies.
After graduate school Jake joined KICVentures to develop and launch their most successful and highest revenue generating products to date. He was selected to lead operations and strategy development as Chief Operating Officer before successfully leading the merger of the firms two largest acquisitions, AxioMed and NanoFuse Biologics, and was subsequently named President of both companies. He most recently served as CEO of NanoFuse Biologics.
Jake received his B.S. in Mechanical Engineering from Michigan Technological University and his M.S. in Mechanical Engineering from The University of Vermont. Jake lives with his wife and their two young children in Beverly, MA.
Mark Noble, CEO - Newbury Franklin Software
Mark began his career in Santa Monica, CA as the twelfth team member at Surf Air, the world’s first ‘all-you-can-fly’ membership airline, where he learned the fundamentals of leading and growing an entrepreneurial venture and took on increasing levels of responsibility in marketing for four years.
He then moved to Seattle, WA to join Amazon Business, Amazon’s new B2B marketplace, where he learned how to operate a business at scale and led digital customer acquisition that drove a significant portion of Amazon Business’ annual revenue growth from $1B in 2016 to $10B in 2019.
As CEO of Newbury Franklin Software, Mark is actively seeking small but profitable software businesses to acquire, lead, and build over the long-term.
Mark received his B.A. in Rhetoric and Leadership, magna cum laude, from Pepperdine University and is currently a second-year MBA student at The Tuck School of Business at Dartmouth. He lives with his wife, Krysta, in West Lebanon, NH.
4 Inn Street
Newburyport, MA 01950