New PennSpring Partner Further Builds Expertise in Internal Financial Analysis

Andrew most recently held the position of Practice Director of Transaction Advisory Services at RKL LLP. At RKL, he primarily focused on lower-middle-market customers in a variety of industries, including manufacturing and distribution, professional services, and SaaS businesses. In addition to his expertise in financial due diligence, Andrew has provided advisory services on various M&A matters, such as negotiation of purchase agreements, structuring of transactions and synergy analysis. Prior to RKL, Andrew worked at the audit firm of Ernst & Young in philadelphia cream, where he served both public registrants and private entities. Andrew earned a Bachelor of Science in Accounting from the Pennsylvania State University. He is a Certified Public Accountant (CPA) of Pennsylvania.

You can contact Andrew at [email protected].

“This is an exciting time for PennSpring and area business owners,” said Lou Castelli, Managing Partner of PennSpring. “We recently achieved successful releases of two Lancaster Countyand acquired regional authority EHC Associates. We continue to evolve as an organization, and with the addition of Andrew we have further strengthened our proven M&A expertise – he will be a phenomenal addition to our growing sell-side advisory practice. PennSpring has worked with Andrew on many projects and we have experienced firsthand his financial acumen, analytical skills and keen attention to detail. We are proud to welcome Andrew as a partner of PennSpring Capital.”

Followed Andre Rice“Sitting across from Lou and PennSpring, I have been continually impressed with their trade execution abilities; in both buy and sell roles, they have earned a deserved reputation as the group in the area to make a goal-line deal. I am honored to join the team, as well as now directly helping local business owners achieve their financial dreams.”

About PennSpring Capital
PennSpring Capital frees up cash and drives growth. Situated at Lancaster, Pennsylvania, PennSpring is a people-focused investment firm focused on lower-middle market opportunities, investing in dynamic companies and helping to scale them at institutional scale. PennSpring leaders are entrepreneurs with first-hand experience growing and positioning businesses. PennSpring engages at a deep level and applies its experience to elevate the businesses of its partners. The company has made ten investments since 2018 and completed four successful exits during that time. To learn more, visit

SOURCEPennSpring Capital

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Sarah J. Greer