Private Equity Firm Business Services

LNC Partners

Arlington, Virginia, United States

LNC Partners is a private equity firm providing flexible equity (control or minority) and debt capital to lower middle market U.S. companies, with a focus on B2B and professional services and tech-enabled platforms.

Focus Areas
Lower middle market investing, Private equity, Tech-enabled business services

Tracked deals

16

16 tracked deals across 2019-2025.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Growth capital

9 growth capital · 3 addon · 3 buyout

LNC Partners Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for LNC Partners. 2 2019 1 2020 4 2021 3 2022 1 2023 4 2024 1 2025

Supporting Data

Recent Transactions

Showing the 12 most recent of 16 tracked deals for LNC Partners.

  • Buyer
    LNC Partners
    Target
    Bennie Health, Inc.
    Industry
    Insurance

    LNC Partners, a middle-market private equity firm, has completed a strategic growth investment in Bennie Health, a New York–based employee benefits broker and HR-focused technology platform. The capital will be used to accelerate Bennie's growth, expand its employee-facing technology, and support strategic M&A initiatives.

  • Buyer
    LNC Partners
    Target
    Virtus LLC
    Industry
    Insurance

    LNC Partners completed a strategic growth investment in Virtus LLC, a Top 100 insurance brokerage and risk management consulting platform headquartered in Overland Park, Kansas. The capital will support Virtus's organic growth and its "acquire-and-integrate" M&A strategy to expand the company's national footprint and vertical specializations.

  • Buyer
    LNC Partners
    Target
    YourPolicy
    Industry
    Insurance

    LNC Partners led a growth investment in YourPolicy, a technology-enabled independent insurance brokerage platform headquartered in Austin, Texas. The capital will support YourPolicy's acceleration of organic growth and an active M&A strategy while management, including CEO Justin Thomas, remains significant shareholders and will continue to lead the business.

  • Buyer
    Cantey Tech, LNC Partners
    Target
    Network Computing Group
    Seller
    Network Computing Group, Mark Bowles
    Industry
    IT Services
    Type
    Addon

    Cantey Tech, a Charleston-based IT managed services provider backed by LNC Partners, has acquired the assets of Network Computing Group (NCG), a Roanoke, Virginia-based managed services provider. The deal is an add-on to Cantey Tech's MSP platform and is intended to expand Cantey's regional presence and deliver enhanced capabilities to NCG clients — particularly in security and project management.

  • Buyer
    Kinderhook Industries, LLC, LNC Partners, Jacob Tilzer
    Target
    Kaizen Auto Care, LLC
    Industry
    Automotive
    Type
    Buyout

    Kinderhook Industries, in partnership with founder Jacob Tilzer and investor LNC Partners, has acquired Kaizen Auto Care, a Scottsdale-based regional collision repair chain with 48 locations across the western U.S. Kaizen will be led by incoming CEO Vince Brock as Kinderhook looks to scale the business as part of its automotive / light manufacturing platform investments; financial terms were not disclosed.

  • Buyer
    Kian Capital Partners, LNC Partners, Barings, Everside Capital Partners, MSouth Capital
    Target
    Team Air Distributing
    Type
    Buyout

    Kian Capital Partners completed a platform investment in Team Air Distributing, a leading HVAC wholesale distributor headquartered in Nashville, Tennessee, in partnership with management and co-investors including LNC Partners, Barings, Everside Capital Partners and MSouth Capital. The investment will support a buy-and-build growth strategy focused on geographic and product-line expansion while retaining Jeff Wallace as President and CEO with a significant equity stake.

  • Buyer
    The Riverside Company, LNC Partners Fund II
    Target
    OutSolve, LLC
    Seller
    LNC Partners (Fund I)
    Industry
    Staffing & HR

    The Riverside Company has acquired a majority equity stake in OutSolve, LLC, a Metairie, Louisiana-based provider of outsourced labor and employment compliance solutions. LNC Partners sold the majority interest held in its Fund I while LNC's Fund II also joined as a new investor; Riverside plans to drive growth through add-on acquisitions and expanding adjacent services such as pay equity, DE&I and ESG.

  • Buyer
    LNC Partners
    Target
    GCG Advisory Partners

    LNC Partners, a private equity firm, made a strategic growth investment in GCG Advisory Partners to accelerate GCG’s acquisition pace and support its “Monetize & Stay” platform strategy. The capital will help GCG expand its succession and liquidity solutions for advisor practices and enhance its technology and back/middle-office capabilities.

  • Buyer
    Commercial Energy Specialists Holdings LLC, Turning Basin Capital Partners, LLC, Vigeo Investments, LLC, LNC Partners
    Target
    Knorr Systems, Inc.
    Type
    Addon

    Commercial Energy Specialists Holdings LLC (CES Holdings), a platform formed by Turning Basin Capital Partners and Vigeo Investments with CEO Alvaro Mendoza, acquired Knorr Systems, Inc. (KSI), a Santa Ana, California-based provider of service-supported distribution and water quality control equipment for commercial and institutional pools. LNC Partners provided financing (senior subordinated term loan and equity co-investment); KSI's management, led by President Rich Robert, will remain to support geographic expansion and integration into CES's Q5 Water Quality Management program.

  • Buyer
    LNC Partners
    Target
    Commercial Energy Specialists

    LNC Partners provided senior debt and equity to Commercial Energy Specialists (CES), a Jupiter, Florida-based, tech-enabled, service-supported distributor of water treatment equipment and supplies backed by Turning Basin Capital and Vigeo Investments. The capital package is intended to support CES’s acquisitive growth strategy and enable add-on acquisitions by the platform.

  • Buyer
    LNC Partners
    Target
    Cantey Tech Consulting
    Industry
    IT Services

    LNC Partners, a Northern Virginia-based private equity firm, has made a significant investment in Cantey Tech Consulting, an IT managed service provider headquartered in Charleston, South Carolina. The capital will support Cantey Tech's growth strategy — including pursuing add-on acquisitions across the southeastern United States — while Willis Cantey remains CEO.

  • Buyer
    LNC Partners
    Target
    Kaizen Collision Center
    Industry
    Automotive

    LNC Partners has made a minority growth investment in Kaizen Collision Center to support the company's platform expansion and continued acquisitions. Kaizen operates manufacturer-certified collision repair shops across Arizona and Southern California and will use the capital to grow organically and through strategic add-ons.

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