Palisades Growth Capital and Family Offices Acquire QLess

GRO Capital Acquires Majority Stake in Queue-it

March 26, 2020

Software

GRO Capital has agreed to become the new majority shareholder of Queue-it, providing capital to accelerate product innovation, expand the partner network, and grow sales and marketing. Queue-it, a Copenhagen-headquartered SaaS provider of virtual waiting room software with offices in the U.S. and Australia and over 85 employees, will use the investment to deepen its position in North America and expand further across Europe and Asia; former investors will no longer be shareholders.

Clearlake Capital Completes Acquisition of Quest Software from Francisco Partners

February 2, 2022

Cybersecurity

Clearlake Capital Group completed its acquisition of Quest Software from Francisco Partners, making Clearlake the majority shareholder and partnering with Quest’s existing management team to pursue a buy-and-build strategy. The investment aims to accelerate Quest’s cloud/SaaS adoption, expand its identity-centric cybersecurity, data intelligence, and IT operations management offerings, and drive growth organically and through M&A.

Silver Oak Services Partners Leads Recapitalization of Quality Liaison Services

September 26, 2023

Industrial Services

Silver Oak Services Partners led a recapitalization of Quality Liaison Services (QLS), partnering with QLS senior management and other co-investors. Headquartered in Hendersonville, Tennessee, QLS provides supplier representation, inspection & containment, repair & rework, and quality engineering services to OEMs and suppliers across North America; management will remain in place and retain a significant ownership stake as Silver Oak provides capital to support growth and service expansion.

Entercom Acquires QL Gaming Group

November 9, 2020

Data & Analytics

Entercom Communications Corp. has acquired direct-to-consumer sports data and iGaming affiliate platform QL Gaming Group in an all-cash transaction valued at approximately $32 million. The deal brings QL Gaming's BetQL app, analytics and subscription capabilities into Entercom's sports audio, podcast and RADIO.COM ecosystem to expand data-driven offerings for sports fans.

LightBay Capital Invests in Questco

July 31, 2024

Staffing & HR

Los Angeles-based private equity firm LightBay Capital has made a strategic growth investment in Questco, a Certified Professional Employer Organization (CPEO) headquartered in metro Houston. The partnership will support Questco’s direct sales and channel expansion, technology investments, and pursuit of add-on acquisitions; Parallel49 Equity is referenced as the departing investor/partner.

Bain Capital Private Equity Acquires Majority Stake in LeanTaaS

June 6, 2022

Cloud & SaaS

Bain Capital Private Equity has acquired a majority stake in LeanTaaS from existing investors Insight Partners and Goldman Sachs Asset Management Growth Equity, alongside a significant growth capital commitment to accelerate the company's expansion. LeanTaaS — a cloud‑based AI-driven platform for optimizing hospital operations (iQueue) — will remain led by Founder & CEO Mohan Giridharadas, with Insight and Goldman retaining material minority stakes.