M&A Deal Summary

Lightspring Capital Partners and LFE Capital Acquire BedJet

On May 1, 2022, private equity firms Lightspring Capital Partners and LFE Capital acquired consumer products company BedJet

Acquisition Highlights
  • This is Lightspring Capital Partners’ 2nd and LFE Capital’s 1st transaction in the Consumer Products sector.
  • This is Lightspring Capital Partners’ 7th and LFE Capital’s 7th transaction in the United States.
  • This is Lightspring Capital Partners’ 1st and LFE Capital’s 1st transaction in Rhode Island.

M&A Deal Summary

Date 2022-05-01
Target BedJet
Sector Consumer Products
Buyer(s) Lightspring Capital Partners
LFE Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

BedJet

Newport, Rhode Island, United States
BedJet is, at its heart, a sleep technology company. BedJet mission is to apply bleeding-edge engineering design, technology, and proven medical science into improving the sleep and bedroom comfort experience. BedJet is based in Newport, Rhode Island.

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Buyer(S) 2

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 7 of 9
Sector: Consumer Products M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 7
State: Rhode Island M&A 1 of 1
Country: United States M&A 7 of 9
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-14 Active Roofing

Chicago, Illinois, United States

Active Roofing is a commercial roofing company. The Company primarily serves the greater Chicago industrial property market. Active Roofing was founded in 1965 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 Great Lakes Potato Chips

Traverse, Michigan, United States

Great Lakes Potato Chips is a manufacturer of kettle cooked potato chips, with unique flavors and unmatched texture. Great Lakes Potato Chips serves a diverse set of customers, including leading foodservice distributors, grocery stores, and club stores while also selling direct to consumers from its website. Great Lakes Potato Chips was founded in 2009 and is based in Traverse, Michigan.

Buy -
DESCRIPTION

LFE Capital is a private equity firm that provides junior and buyout capital to middle-market companies located in the upper Midwest US. Sectors of interest include consumer products and services, health related products and services, and business services. LFE prefers established or emerging businesses with at least $2 million of annual revenue and $1 million of cash-flow. LFE has a special interest in businesses that are owned or led by women and businesses that target female consumers. The Firm will consider both control and minority positions. LFE Capital was formed in 1999 and is based in Naples, Florida.


DEAL STATS #
Overall 7 of 7
Sector: Consumer Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: Rhode Island M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Wellbeats

Minnepolis, Minnesota, United States

Wellbeats is a provider of on-demand, virtual wellness content, and programming for use in corporate wellbeing initiatives. With more than 1,000 fitness, nutrition, and mindfulness classes and programs available anytime and anywhere, Wellbeats allows employers to support employees with wellness resources that fit their needs, lifestyle, and schedule. Wellbeats provides best-in-class content that appeals to people of all ages, interests, and ability levels. Wellbeats content is easily accessible through apps for iOS, Android, Windows, and Apple T.V.; any modern Web browser, Chromecast, Airplay, and Roku. Wellbeats was founded in 2008 and is based in Minneapolis, Minnesota.

Sell $93M