M&A Deal Summary

Lightspring Capital Partners Acquires Anchor Bay Powder Coat

On May 1, 2025, private equity firm Lightspring Capital Partners acquired business services company Anchor Bay Powder Coat

Acquisition Highlights
  • This is Lightspring Capital Partners’ 1st transaction in the Business Services sector.
  • This is Lightspring Capital Partners’ 12th transaction in the United States.
  • This is Lightspring Capital Partners’ 2nd transaction in Michigan.

M&A Deal Summary

Date 2025-05-01
Target Anchor Bay Powder Coat
Sector Business Services
Buyer(s) Lightspring Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Anchor Bay Powder Coat

New Baltimore, Michigan, United States
Anchor Bay Powder Coat is a provider of powder coating services. The Company specializes in delivering high-quality powder coating solutions for a wide range of industries, including defense, automotive, heavy equipment, and industrial manufacturing. Anchor Bay Powder Coat is based in New Baltimore, Michigan.

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Buyer(S) 1

Buyer
DESCRIPTION

Lightspring Capital Partners is a private equity firm that looks to acquire majority positions in profitable lower middle-market companies with $10 to $75 million of revenue. The Firm will consider opportunities throughout the US, but has a preference for businesses in the Midwest. Areas of interest include niche manufacturing, value-added distribution, business services, consumer products, transportation, and logistics. Lightspring Capital Partners is based Chicago, Illinois.


DEAL STATS #
Overall 12 of 12
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 9
State: Michigan M&A 2 of 2
Country: United States M&A 12 of 12
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-01 Dental Alliance Group

Columbus, Ohio, United States

Dental Alliance Group provides high quality dental products and services to dental practices and labs in 48 states. Dental Alliance Group is based in Columbus, Ohio.

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