Investment Summary

Centre Lane Partners and Capitala Group Exits Alternative Biomedical Solutions

On December 14, 2023, Lighthouse Lab Services invested in medical products company Alternative Biomedical Solutions from Centre Lane Partners and Capitala Group

Investment Highlights
  • This is Lighthouse Lab Services’ 1st transaction in the Medical Products sector.
  • This is Lighthouse Lab Services’ 1st transaction in the United States.
  • This is Lighthouse Lab Services’ 1st transaction in Texas.

Investment Summary

Date 2023-12-14
Target Alternative Biomedical Solutions
Sector Medical Products
Investor(s) Lighthouse Lab Services
Sellers(s) Centre Lane Partners
Capitala Group
Deal Type Add-on Acquisition

Target

Alternative Biomedical Solutions

Carrollton, Texas, United States
Alternative Biomedical Solutions is a supplier of high-performance mass spectrometry, toxicology and chemistry measurement systems. ABS offers a comprehensive line of analyzers, reagents, consumables, laboratory data management systems, and customized service agreements. Alternative Biomedical Solutions is based in Carrollton, Texas.

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Investor(S) 1

Investor

Lighthouse Lab Services

Apex, North Carolina, United States

Category Company
Founded 2003
Sector Healthcare Services
DESCRIPTION

Lighthouse Lab Services is a provider of services and products that support the establishment and outsourced management of diagnostic labs. Lighthouse Lab Services was founded in 2003 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 2

DESCRIPTION

Centre Lane Partners is a private investment firm focused on making credit and equity, control and non-control, investments in North American middle-market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. The Firm does not have any sector preferences and seeks to invest $5 to $250 million per transaction. Centre Lane Partners was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 11 of 11
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Texas M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 Instant Brands - Appliances Division

Ottawa, Ontario, Canada

Instant Brands's Appliances Division includes the Instant Pot, Instant Vortex Air Fryer, and other kitchen appliances. Instant Brands's Appliances Division is based in Ottawa, Ontario.

Buy -
SELLER

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 52 of 56
Sector: Medical Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 17 of 20
State: Texas M&A 3 of 3
Country: United States M&A 51 of 55
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-29 American Landscaping Partners

Brentwood, Tennessee, United States

American Landscaping Partners is a provider of landscaping services and offers lawn maintenance, lawn care, snow removal, plant healthcare, and tree services for residential and commercial customers. American Landscaping Partners is based in Brentwood, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-14 Tactical Air Support

Reno, Nevada, United States

Tactical Air Support is a defense contractor providing consulting, adversary flight support, military training, and maintenance services to the US military forces and certain US allied governments. Tactical Air Support is based in Reno, Nevada.

Buy -