Chicago, IL – Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised on the sale of a public sector software and services company to private equity firm Lakeshore Capital Partners. Terms of the transaction were not disclosed. Capstone’s client provides products and services which improve government efficiency and reduce waste.
Lakeshore Capital Partners is a private investment firm that acquires and manages growth-oriented companies in the lower middle market. Lakeshore’s aim is to invest in a limited number of businesses in an effort to spend substantial amounts of time working alongside the management teams to help each business grow. The firm is comprised of executives and entrepreneurs with decades of experience operating large and small businesses, in a variety of industries, from start-ups to Fortune 500 companies. Lakeshore targets platform investments in companies with EBITDA in excess of $2 million, experienced management teams, recurring revenue from fragmented customer bases and operating in industries with growing demand. Most are later/growth stage companies with transaction values of $5 to $50 million.
Capstone Managing Director, Ted Polk, commented, “With so much attention being paid to spending cuts and budget deficits within the government contracting sector, we are seeing strong interest among acquirers in companies that provide products or services which improve government efficiency and reduce waste. Such offerings are in high demand and buyers envision opportunity within this niche market for years to come. We are happy to team our government services client with such a high-quality private equity firm with the desire and resources to strategically expand the business.”