Private Equity Firm Financial Services

LightBay Capital

Los Angeles, California, United States

Los Angeles-based private equity firm applying a flexible capital approach to middle-market investing, investing across the capital structure to accelerate the growth of quality businesses.

Focus Areas
Private equity, Middle-market investing
Website
lightbay.com

Tracked deals

13

13 tracked deals across 2019-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Growth capital

6 growth capital · 3 addon · 2 buyout

LightBay Capital Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for LightBay Capital. 1 2019 1 2020 2 2021 1 2022 3 2023 2 2024 1 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 13 tracked deals for LightBay Capital.

  • Buyer
    LightBay Capital
    Target
    Centre Technologies
    Industry
    IT Services

    Centre Technologies, a Houston-based IT managed services provider, partnered with LightBay Capital to support Centre’s next phase of growth. The investment will fund expanded go-to-market efforts, new geographies and service lines, and deeper AI, cloud, and cybersecurity capabilities, while accelerating Centre’s acquisition pipeline.

  • Buyer
    LightBay Capital
    Target
    Centre Technologies Holdings, LLC
    Seller
    Main Street Capital Corporation, MSC Income Fund, Inc.
    Industry
    IT Services

    Main Street Capital Corporation exited its debt and equity investments in Centre Technologies Holdings, LLC following the completion of a majority recapitalization with a new financial sponsor. Centre provides IT services including managed services, cloud solutions, cybersecurity, IT consulting and business intelligence to lower and middle market businesses.

  • Buyer
    LightBay Capital
    Target
    Ro Health LLC

    Ro Health, a Seattle-based clinical staffing provider serving K-12 school districts, has received a strategic growth investment from LightBay Capital. The partnership will fund geographic and service-line expansion, enable strategic acquisitions and partnerships, and support further technology investment to scale Ro Health's staffing and behavioral health services.

  • Buyer
    LightBay Capital
    Target
    Questco
    Seller
    Parallel49 Equity
    Industry
    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.

  • Buyer
    Propelled Brands, Freeman Spogli, LightBay Capital
    Target
    Camp Bow Wow
    Type
    Addon

    Propelled Brands, the multi-brand franchisor backed by Freeman Spogli and LightBay Capital, has acquired Camp Bow Wow, a leading dog day care and boarding franchise. The deal adds over 200 Camp Bow Wow locations to Propelled Brands' portfolio (bringing the combined portfolio to 1,300+ locations) and positions the brand for accelerated unit-level growth across North America.

  • Buyer
    Infinity Home Services, LightBay Capital, Freeman Spogli & Co.
    Target
    GF Sprague & Company, Resnick Roofing & Contracting
    Industry
    Roofing
    Location
    United States
    Type
    Addon

    Infinity Home Services, a PE-backed platform, has partnered with Resnick Roofing & Contracting and acquired GF Sprague & Company to expand its footprint in the Northeast and New England. The transactions are add-on acquisitions to support geographic expansion and accelerate growth using Infinity's technology, marketing and operational resources; Infinity is backed by LightBay Capital and Freeman Spogli & Co.

  • Buyer
    Infinity Home Services, LightBay Capital, Freeman Spogli & Co.
    Target
    Skywalker Roofing, Henderson Roofing
    Industry
    Construction
    Location
    United States
    Type
    Addon

    Infinity Home Services, a PE-backed exterior remodeling platform, announced add-on partnerships with Skywalker Roofing (Greensboro, NC) and Henderson Roofing (Westerly, RI). The partnerships expand Infinity's footprint in the Southeast and Northeast and will allow the businesses to retain their brands and management while leveraging Infinity's technology, marketing, and growth resources; Infinity is backed by LightBay Capital and Freeman Spogli & Co.

  • Buyer
    Freeman Spogli & Co., LightBay Capital, Infinity management (Josh Sparks and current management team)
    Target
    Infinity Home Services
    Seller
    North Branch Capital
    Industry
    Construction

    Freeman Spogli & Co. and LightBay Capital, alongside Infinity management, have acquired Infinity Home Services from North Branch Capital, with North Branch remaining a significant shareholder. The recapitalization will support Infinity’s acquisitive growth strategy, expanding its platform capabilities and accelerating organic and add-on expansion across multiple U.S. regions. The transaction closed December 28, 2022.

  • Buyer
    LightBay Capital
    Target
    Burton Plumbing Services, LLC (Burton)
    Seller
    ShoreView

    Los Angeles-based private equity firm LightBay Capital made a growth investment in Burton (Burton Plumbing Services, LLC), a Omaha-headquartered provider of residential and commercial HVAC, plumbing, and electrical services. The investment will support Burton's organic growth and continued add-on acquisition strategy; ShoreView, the prior sponsor, exited its investment as part of the transaction.

  • Buyer
    LightBay Capital
    Target
    Rancho Family Medical Group

    Funds managed by LightBay Capital made a growth investment in Rancho Family Medical Group to support the company's expansion of care centers and investments in technology. Rancho Family, a Temecula, California-based multi-site family medical group with nearly 50 providers serving ~50,000 lives across roughly 20 locations, will use the capital to grow its footprint and capabilities.

  • Buyer
    LightBay Capital
    Target
    Femwell Group Health, Inc.

    Funds managed by LightBay Capital acquired a minority stake in Femwell Group Health, a Miami-based management services organization serving physicians in women’s health, primary care and pediatrics. The investment will fund growth initiatives and accelerate Femwell’s development of risk- and value-based care programs.

  • Buyer
    Fastsigns Holdings Inc., LightBay Capital, Freeman Spogli & Co.
    Target
    GTN Capital Group, LLC (parent of NerdsToGo), NerdsToGo, Inc.
    Industry
    IT Services
    Type
    Buyout

    Fastsigns Holdings Inc., parent of FASTSIGNS International, announced the acquisition of GTN Capital Group, LLC, the parent company of NerdsToGo, an emerging IT services franchise. The deal brings NerdsToGo’s ~25 franchise locations into FASTSIGNS’ franchising platform to accelerate growth, leverage FASTSIGNS’ franchise development capabilities, and expand services offered to small businesses and consumers.

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