Investment Summary

Falfurrias Capital Partners Invests In Crosslake Technologies

On January 7, 2021, private equity firm Falfurrias Capital Partners invested in information technology company Crosslake Technologies

Investment Highlights
  • This is Falfurrias Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Falfurrias Capital Partners’ 22nd transaction in the United States.
  • This is Falfurrias Capital Partners’ 9th transaction in North Carolina.

Investment Summary
Date 2021-01-07
Target Crosslake Technologies
Sector Information Technology
Investor(s) Falfurrias Capital Partners
Deal Type Growth Capital

Target

Crosslake Technologies

Charlotte, North Carolina, United States
Crosslake Technologies is an information technology and software development services company, providing services including transformational roadmaps, technical assessments, organizational, optimizations, quality assurance acceleration, devops, and it operations. Crosslake Technologies is based in Charlotte, North Carolina.

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Investor(S) 1

Investor

Falfurrias Capital Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Falfurrias Capital Partners is a private equity firm that invests in lower and middle-market companies located in the Eastern US. Falfurrias focuses on companies with experienced management teams, differentiated product features, diverse customers, revenues in excess of $10 million, and EBITDA of $5 million to $40 million. The Firm looks to invest at least $25 million per transaction. Specific areas of interest include financial services, consumer products, health care, building products, manufacturing, business services, education, training, infrastructure, and information services. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, recapitalization, and corporate divestitures. Falfurrias Capital Partners was formed in 2006 and based in Charlotte, North Carolina.

DEAL STATS #
Overall 22 of 41
Sector (Information Technology) 1 of 5
Type (Growth Capital) 11 of 24
State (North Carolina) 9 of 10
Country (United States) 22 of 39
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Ballast Research

Washington, District of Columbia, United States

Ballast Research is a provider of federal and state advisory consulting services. Ballast Research is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Carolina Foods

Charlotte, North Carolina, United States

Carolina Foods is a wholesale bakery operating out of multiple locations. The company specializes in single-serve and multipack baked goods that are distributed in club stores, mass merchandisers, and convenience stores in all 50 states as well as Puerto Rico, Mexico, and Canada. The company makes donuts, honey buns, pies, fritters, and a host of other sweet treats under the Duchess brand, and also does private-label manufacturing and co-packing for numerous major snack brands. Carolina Foods was founded in 1934 and is based in Charlotte, North Carolina.

Buy -
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