Investment Summary

Gallant Capital Invests In Lightning Step

On November 17, 2022, private equity firm Gallant Capital invested in software company Lightning Step

Investment Highlights
  • This is Gallant Capital’s 1st transaction in the Software sector.
  • This is Gallant Capital’s 10th transaction in the United States.
  • This is Gallant Capital’s 1st transaction in Texas.
Investment Fate
  • Lightning Step merged with another company in 2025.

Investment Summary

Date 2022-11-17
Target Lightning Step
Sector Software
Investor(s) Gallant Capital
Deal Type Growth Capital

Target

Lightning Step

Houston, Texas, United States
Lightning Step offers an all-in-one software platform including electronic medical records, revenue cycle management, and customer relationship management technology. Lightning Step was founded in 2014 and is based in Houston, Texas.

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Investor(S) 1

Investor

Gallant Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gallant Capital is a private equity firm focused on control investments of profitable lower middle-market companies with up to $40 million of EBITDA. The Firm targets individual or family-owned companies as well as corporate divestitures. Broad areas of interest include technology, industrials, and business services. Gallant Capital was established in 2018 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 10 of 14
Sector: Software M&A 1 of 2
Type: Growth Capital M&A Deals 6 of 7
State: Texas M&A 1 of 1
Country: United States M&A 10 of 13
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 SLWM

Kansas City, Missouri, United States

SLWM is a tech-enabled marketing services provider, optimizing marketing effectiveness and procurement of the print, digital & creative, point of sale and branded merchandise categories. SLWM provides a fully outsourced, end-to-end solution that delivers critical, high ROI solutions for its clients. SLWM was founded in 1989 and is based in Kansas City, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 Arctiq

Brentwood, Tennessee, United States

Arctiq is a professional IT services, cybersecurity, and risk management organization that delivers cost-effective consulting, end-to-end IT solutions, managed services, and product sales. The company serves state and local governments, educational institutions, healthcare organizations, and enterprise clients across major IT markets nationwide. Arctiq is based in Brentwood, Tennessee.

Buy -