Private Equity Firm Healthcare

Northlane Capital Partners

Bethesda, Maryland, United States

Northlane Capital Partners invests in growing, highly profitable middle-market companies, partnering with management teams to build platform and add-on investments. Focus areas include healthcare and business services.

Focus Areas
Healthcare, Business services

Tracked deals

36

36 tracked deals across 2012-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

19 addon · 8 buyout · 4 growth capital

Northlane Capital Partners Acquisition Volume by Year

Last 9 years

Acquisition volume by year Annual acquisition counts for the last 9 years for Northlane Capital Partners. 2 2018 4 2019 2 2020 9 2021 10 2022 2 2023 3 2024 2 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 36 tracked deals for Northlane Capital Partners.

  • Buyer
    Northlane Capital Partners
    Target
    File & ServeXpress
    Industry
    IT Services
    Type
    Buyout

    File & ServeXpress, a provider of eFiling, eService, and case management technology for courts, government agencies, and law firms, has been acquired by Northlane Capital Partners. The investment is intended to accelerate expansion, innovation (including responsible AI integration), and future strategic acquisitions.

  • Buyer
    Northlane Capital Partners, Stellus Capital Management, LLC
    Target
    Plus Delta Partners

    Northlane Capital Partners (NCP) has made a growth investment in Plus Delta Partners (PDP), a provider of fundraising training and tools for higher education, healthcare organizations and other nonprofits. Stellus Capital Management provided senior unitranche financing and an equity co-investment to support the transaction; PDP's management team and founder also participated alongside NCP.

  • Buyer
    Northlane Capital Partners
    Target
    United States Drug Testing Laboratories Inc. (USDTL)
    Seller
    Veronica Lewis, Doug Lewis, USDTL management team
    Type
    Buyout

    Northlane Capital Partners has acquired United States Drug Testing Laboratories (USDTL), a Des Plaines, Illinois-based forensic toxicology laboratory, in a transaction in which NCP invested alongside USDTL's management and founders Veronica and Doug Lewis. NCP will partner with management to expand USDTL's niche forensic testing capabilities and has appointed Albert Berger as CEO to lead the company's next phase of growth.

  • Buyer
    SAI MedPartners, Northlane Capital Partners
    Target
    IDEA Pharma
    Location
    United Kingdom
    Type
    Addon

    SAI MedPartners, a global life-sciences consultancy backed by Northlane Capital Partners, has acquired London-headquartered IDEA Pharma to strengthen its pharmaceutical path-to-market, clinical development, and commercialization capabilities. The acquisition is an add-on to SAI's platform, expanding its strategic services offering to biopharma and medical device clients.

  • Buyer
    Flow Service Partners, RLJ Equity Partners, LP First Capital
    Target
    Dynamic Air Solutions
    Type
    Addon

    Flow Service Partners, a PE-backed commercial HVACR and plumbing platform, has acquired Dynamic Air Solutions, a Louisville-based commercial and industrial HVAC specialist. The add-on expands Flow's service capabilities and operational density in Kentucky and southern Indiana; financial terms were not disclosed.

  • Buyer
    VMG Health, Northlane Capital Partners
    Target
    Compliance Risk Analyzer
    Seller
    DoctorsManagement

    VMG Health has acquired the Compliance Risk Analyzer (CRA) software suite from DoctorsManagement. CRA is a set of auditing and predictive analytics tools for healthcare coding and billing compliance; the acquisition expands VMG Health's capabilities in compliance analytics and risk-based auditing. VMG Health is PE-backed by Northlane Capital Partners.

  • Buyer
    Flow Service Partners, RLJ Equity Partners, LP First Capital
    Target
    Nunning Heating, Air Conditioning and Refrigeration
    Type
    Addon

    Flow Service Partners, a portfolio company of RLJ Equity Partners and LP First Capital, has acquired Nunning Heating, Air Conditioning and Refrigeration, a family-owned commercial HVACR services provider in Evansville, Indiana. The add-on expands Flow's footprint in Indiana and strengthens its commercial HVACR and refrigeration service capabilities; financial terms were not disclosed.

  • Buyer
    SAI MedPartners, Northlane Capital Partners
    Target
    Fulcrum Research Group
    Type
    Addon

    SAI MedPartners, a consultancy backed by Northlane Capital Partners, has acquired Fulcrum Research Group, a Waltham, MA-based primary market research firm focused on healthcare and biopharma. The add-on expands SAI's strategic insights and primary research capabilities to better serve pharmaceutical, biotechnology, and medical device clients.

  • Buyer
    Choice Financial Group, Northlane Capital Partners
    Target
    Mountaineer Insurance Services, Inc.
    Industry
    Insurance
    Type
    Addon

    Choice Financial Group, backed by Northlane Capital Partners, has acquired Mountaineer Insurance Services, a five-branch insurance agency based in Beverly, West Virginia. The Mountaineer leadership team will remain in place as Choice expands its geographic footprint into West Virginia; the transaction closed November 1, 2022 and represents Choice's 11th acquisition since partnering with Northlane.

  • Buyer
    Choice Financial Group, Northlane Capital Partners
    Target
    Georgia Pines Agency, LLC
    Industry
    Insurance
    Type
    Addon

    Choice Financial Group has partnered with Georgia Pines Agency, LLC to expand its insurance platform into Florida, Georgia and California. The transaction (which closed August 1, 2022) adds GPA’s 12 branch locations and ~65 team members to Choice’s PE-backed platform (Choice is backed by Northlane Capital Partners) and represents Choice’s tenth acquisition since teaming with Northlane in October 2021.

  • Buyer
    Choice Financial Group, Northlane Capital Partners
    Target
    Schlather Insurance Agency, Inc.
    Seller
    Schlather family / Dave Schlather
    Industry
    Insurance
    Type
    Addon

    Choice Financial Group, a Northlane Capital Partners‑backed insurance roll‑up based in Virginia Beach, has acquired Schlather Insurance Agency, Inc., a full‑service insurance agency with locations in Wellington, Oberlin and Elyria, Ohio. The deal extends Choice’s presence in Ohio and surrounding markets; Dave Schlather will remain to oversee operations and support the integration and growth efforts.

  • Buyer
    Choice Financial Group, Northlane Capital Partners
    Target
    R. Stephens Financial, Inc.
    Industry
    Insurance
    Type
    Addon

    Choice Financial Group, a PE-backed insurance agency, has acquired New Jersey-based employee benefits consultancy R. Stephens Financial, Inc. The deal is an add-on to Choice's platform as it expands its footprint in New Jersey and strengthens its employee benefits and insurance brokerage capabilities; founder Richard Yuran will continue to lead the business.

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