Lone Star Funds Acquires Lodgian, Inc.

Journey Financial Group to Acquire Lone Star Bank

March 9, 2026

Financial Services

Journey Financial Group, Inc. has signed a definitive agreement to acquire Lone Star Bank. The boards of both companies have approved the deal, which is expected to close in late Q2 or early Q3 2026, subject to customary conditions including Lone Star shareholder approval and regulatory approvals.

Lone Star Completes All-Cash Acquisition of Hillenbrand

February 10, 2026

Industrial Services

An affiliate of Lone Star Funds completed an all-cash take-private acquisition of Hillenbrand, Inc. for an enterprise value of approximately $3.8 billion. Hillenbrand’s common stock ceased trading and will be delisted from the New York Stock Exchange, while the company will continue operating under the Hillenbrand name.

Lone Star Funds Acquires Alliance Ground International

January 22, 2026

Transportation

Lone Star Funds, through an affiliate of Lone Star Fund XII, L.P., completed its acquisition of Alliance Ground International (AGI), a North American airport services provider. AGI operates at more than 60 airports across the United States and Canada and employs over 12,000 people providing cargo, ground, mail handling, security and hospitality services.

Fortress Investment Group Acquires Loungers for £354.4 Million

February 21, 2025

Restaurants & Hospitality

Funds managed by affiliates of Fortress Investment Group completed the acquisition of Loungers for £354.4 million, taking the company private. Fortress said the purchase will support Loungers’ growth plans across the UK; shareholders representing over 35.9% of prior share capital elected to retain equity in the new structure.

Seacoast Capital Invests $20M in Lone Star Overnight

December 1, 2021

Logistics & Distribution

Seacoast Capital provided $20 million of subordinated debt and preferred equity to Lone Star Overnight (LSO) in a non-control growth capital investment to buy out a minority shareholder, refinance part of existing debt, and support near-term growth. LSO is a regional parcel delivery provider headquartered in Austin, Texas with a multi-state network of operating locations serving both B2B and B2C customers.

J.F. Lehman & Company Acquires Lone Star Disposal

August 14, 2019

Environmental Services

J.F. Lehman & Company’s investment affiliate has acquired Lone Star Disposal, L.P., Delta Waste Services, L.P. and Tanner Road Facility, L.P. (together, "Lone Star"), a vertically integrated provider of C&D and MSW disposal and related environmental services based in Houston, Texas. The acquisition expands JFLCO’s environmental services platform and will be supported by debt financing from Monroe Capital, with legal and financial advisors engaged on both sides.