Investment Strategy

Growing Businesses in the Lower Middle Market

Our Approach

Lightspring invests in U.S. based businesses in the lower middle market, focusing on first institutional capital investments in companies with revenue between $10 and $75 million and EBITDA between $2 and $8 million.


Lightspring’s principals have over 50 years of directly relevant investment experience in the lower middle market. We understand the opportunities and challenges of this segment and bring a proven discipline to our diligence, a commitment to driving value through growth, and a focus on operational excellence and governance that sets us apart with our investors and our portfolio companies.

Industries of Interest


Niche Manufacturing


Value-Added Distribution


Business Services


Consumer Products


Transportation & Logistics

Preferred Criteria

Company Size

Businesses with $10 million to $75 million of revenue and $2 million to $8 million in EBITDA

Geography

U.S. based businesses, with a focus on the Greater Midwest

Ownership

Majority equity investments in partnership with management

Transaction Types

Buyouts, Recapitalizations, Shareholder Liquidity Events, Growth & Acquisitions