Investment Summary

ClearLight Partners Invests In TechMD

On May 8, 2020, private equity firm ClearLight Partners invested in information technology company TechMD

Investment Highlights
  • This is ClearLight Partners’ 1st transaction in the Information Technology sector.
  • This is ClearLight Partners’ 22nd transaction in the United States.
  • This is ClearLight Partners’ 2nd transaction in New York.

Investment Summary
Date 2020-05-08
Target TechMD
Sector Information Technology
Investor(s) ClearLight Partners
Deal Type Growth Capital

Target

TechMD

Syracuse, New York, United States
TechMD is a provider of IT managed services, cybersecurity, cloud migration, and other project-based services, and hardware and software reselling for small to medium-sized businesses (SMBs). The company offers on-site and remote support to customers in the Northeastern US, with an emphasis on serving SMBs within healthcare, financial services, professional services, manufacturing, and service/retail. TechMD was founded in 1986 and is based in Syracuse, New York.

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Investor(S) 1

Investor

ClearLight Partners

Newport Beach, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ClearLight Partners LLC is a private equity firm that invests in mid-sized companies with strong cash-flow margins and limited capital intensity. ClearLight looks for US and Canadian headquartered companies with annual revenues between $25 and $250 million and EBITDA of $4 and $15 million. ClearLight targets investments across a broad range of industries with a particular interest in specialty manufacturing and distribution, business services, education and training, healthcare services, specialty finance, and consumer products and services. The Firm's target investment size is $10 to $50 million per transaction. ClearLight Partners was formed in 2000 and is based in Newport Beach, California.

DEAL STATS #
Overall 22 of 22
Sector (Information Technology) 1 of 1
Type (Growth Capital) 5 of 5
State (New York) 2 of 2
Country (United States) 22 of 22
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Handel’s Ice Cream

Youngstown, Ohio, United States

Handel’s Ice Cream is an operator and franchisor of ice cream scoop shops. Handel’s currently has 45+ scoop shops across the country, with concentrations in Ohio, Pennsylvania, and California. Handel’s homemade ice cream has been made fresh daily in-store, using only the best ingredients in their proprietary recipes. Handel’s Ice Cream was founded in 1945 and is based in Youngstown, Ohio.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-10 Moore Landscapes

Northbrook, Illinois, United States

Moore Landscapes is a provider of landscape services including installation, maintenance, enhancement, snow removal, and interior plant maintenance to commercial and public customers throughout the Chicago area. Moore Landscapes was founded in 1948 and is based in Northbrook, Illinois.

Sell -
Mergr

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