Ro Health Receives Strategic Growth Investment from LightBay CapitalInvestment to Support Service Line and Geographic Expansion, Targeted M&A, and Technology
LightBay Capital Makes Strategic Investment in Questco, a National Leader in Outsourced HR ServicesInvestment to Support Continued Organic Growth, Targeted M&A, and New PEO Offerings for the SMB Community
LightBay Capital Raises Over $1 Billion for its Second Private Equity Fund
LightBay Capital (“LightBay” or the “Firm”), a Los Angeles-based private equity firm focused on high-quality service-based middle-market companies, today announced the successful close of LightBay Investment Partners II LP and its related vehicles (“LightBay Fund II” or the “Fund”) with total capital commitments of $1.04 billion. The oversubscribed Fund exceeded its target of $800 million and closed at its hard cap, attracting commitments from a diverse investor group which includes state and local pension funds, family offices, foundations, fund of funds, insurers, LightBay’s network of highly experienced industry executives, and LightBay professionals.
LightBay Capital and Freeman Spogli & Co. Announce Partnership with Infinity Home Services, a Leading Provider of Roofing Replacement Services
LightBay Capital (“LightBay”) and Freeman Spogli & Co. (“Freeman Spogli”) announced today that they have partnered, along with management, to acquire Infinity Home Services (“Infinity” or the “Company”), a leading provider of residential roofing replacement and other exterior home services. The investment from LightBay and Freeman Spogli will allow Infinity to accelerate its organic growth, add more market-leading businesses to the Company through acquisition, and invest in additional platform capabilities. Infinity’s founder and CEO, Josh Sparks, and the current management team will continue to lead the Company as it embarks on its next phase of growth. The Company’s existing investor, North Branch Capital (“North Branch”), will remain a significant shareholder alongside LightBay and Freeman Spogli.
LightBay Capital Announces Partnership with Burton, A Leading Midwestern Provider of HVAC, Plumbing, and Electrical Services
LightBay Capital (“LightBay”), a private equity firm focused on partnering with high-quality services-based businesses, announced today that it has made a growth investment in Burton (the “Company”), a leading provider of residential HVAC, plumbing, and electrical services in the Midwest and Central U.S. regions. The investment from LightBay will allow Burton to accelerate its organic growth, add more market-leading businesses to the Company through acquisition, and invest in additional platform capabilities.
