Nurturing Families.

Buyers and long-term owners of businesses that support families

 

ABOUT

Our mission is simple but powerful: to nurture families over the long haul.

 

What We Do

Newbury Franklin exists solely to acquire and support companies that serve families and their loved ones. We are experienced buyers and operators of these mission-driven service businesses.

 

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.

 

Our Philosophy

Just as the journey of a family unfolds over decades, not years, Newbury Franklin is a family of companies that is being built with a long-term orientation. Our intention is to never sell anything that we acquire. This mindset – and our corresponding capital structure – drives focus toward sustainable value creation over multiple decades as a guiding principle.

 

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.

 

PEOPLE

Mark Anderegg, Co-Founder

Before succumbing to his entrepreneurial spirits, Mark began his career as an investment banker with Goldman Sachs, first in New York and later in Chicago, and subsequently worked as a private equity investor.

With the support of his private equity colleagues, Mark raised a small amount of capital with the intent to acquire and lead an education services company. This undertaking led to the 2012 acquisition of Little Sprouts, a Boston-based provider of childcare services. Mark served as CEO for 6 years and expanded the company to become the largest independent childcare company in New England, operating several different brands in 4 states.

 

Recognizing his aspiration to build a business with a much longer-term orientation, Mark stepped down as CEO to found Newbury Franklin with his friend and colleague, Kevin Brady. Mark remains Chairman of Little Sprouts and serves in an advisory capacity to the CEO.

 

Mark received his B.A. in Economics, magna cum laude, from Vanderbilt University and his MBA from the Kellogg School of Management at Northwestern University. He is a Faculty Associate in Innovation and Entrepreneurship at Kellogg, where he frequently lectures on the subject of Entrepreneurship Through Acquisition. Mark lives with his wife and their three young children in Newburyport, MA.

Kevin Brady, Co-Founder

Kevin began his career in New York, first, as an investment banker with Bank of America, and subsequently, as an investment professional with The Wicks Group of Companies, L.L.C., a middle market private equity firm.   At Wicks, Kevin supported the acquisition, financing, strategy development, and operational planning of the firm’s investments. 

 

While serving as a Vice President at Wicks, Kevin helped lead an investment in Little Sprouts, a Boston-based provider of childcare services, in late 2015.  After falling in love with Little Sprouts’ service-oriented culture and growth strategy, Kevin joined the Little Sprouts management team, where he served the organization as its Chief Financial Officer & Head of Business Development until early 2019.  Today, Kevin is a member of the Little Sprouts Board of Directors and helps the organization achieve its business development objectives in an advisory capacity.

Kevin founded Newbury Franklin with his friend and colleague, Mark Anderegg, with the goal of supporting quality businesses in their journey to reach their highest potential for an extended period of time. 

 

Kevin received his B.S. in Finance from the Carroll School of Management at Boston College. He lives with his wife and their two young children in Franklin Lakes, NJ.

PEOPLE

Mark Anderegg, Co-Founder

Before succumbing to his entrepreneurial spirits, Mark began his career as an investment banker with Goldman Sachs, first in New York and later in Chicago, and subsequently worked as a private equity investor.

With the support of his private equity colleagues, Mark raised a small amount of capital with the intent to acquire and lead an education services company. This undertaking led to the 2012 acquisition of Little Sprouts, a Boston-based provider of childcare services. Mark served as CEO for 6 years and expanded the company to become the largest independent childcare company in New England, operating several different brands in 4 states.

 

Recognizing his aspiration to build a business with a much longer-term orientation, Mark stepped down as CEO to found Newbury Franklin with his friend and colleague, Kevin Brady. Mark remains Chairman of Little Sprouts and serves in an advisory capacity to the CEO.

 

Mark received his B.A. in Economics, magna cum laude, from Vanderbilt University and his MBA from the Kellogg School of Management at Northwestern University. He is a Faculty Associate in Innovation and Entrepreneurship at Kellogg, where he frequently lectures on the subject of Entrepreneurship Through Acquisition. Mark lives with his wife and their three young children in Newburyport, MA.

Kevin Brady, Co-Founder

Kevin began his career in New York, first, as an investment banker with Bank of America, and subsequently, as an investment professional with The Wicks Group of Companies, L.L.C., a middle market private equity firm.   At Wicks, Kevin supported the acquisition, financing, strategy development, and operational planning of the firm’s investments. 

 

While serving as a Vice President at Wicks, Kevin helped lead an investment in Little Sprouts, a Boston-based provider of childcare services, in late 2015.  After falling in love with Little Sprouts’ service-oriented culture and growth strategy, Kevin joined the Little Sprouts management team, where he served the organization as its Chief Financial Officer & Head of Business Development until early 2019.  Today, Kevin is a member of the Little Sprouts Board of Directors and helps the organization achieve its business development objectives in an advisory capacity.

Kevin founded Newbury Franklin with his friend and colleague, Mark Anderegg, with the goal of supporting quality businesses in their journey to reach their highest potential for an extended period of time. 

 

Kevin received his B.S. in Finance from the Carroll School of Management at Boston College. He lives with his wife and their three young children in Franklin Lakes, NJ.

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.

Mark Noble, Entrepreneur In Residence

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.
 
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.

 

COMPANIES

NFHS Logo - Black.png

Massachusetts Office

4 Inn Street

Newburyport, MA 01950

(978) 255-3345

CONTACT

New Jersey Office

252 Nassau Street, 2nd Floor

Princeton, NJ 08542

(614) 507-5008

 

© 2020 by Newbury Franklin LLC