M&A Deal Summary

Pegasus Capital Group Acquires LSI

On November 1, 2015, private equity firm Pegasus Capital Group acquired business services company LSI

Acquisition Highlights
  • This is Pegasus Capital Group’s 1st transaction in the Business Services sector.
  • This is Pegasus Capital Group’s 10th transaction in the United States.
  • This is Pegasus Capital Group’s 1st transaction in Arizona.
Investment Fate
  • LSI merged with another company in 2021.

M&A Deal Summary

Date 2015-11-01
Target LSI
Sector Business Services
Buyer(s) Pegasus Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

LSI

Gilbert, Arizona, United States
LSI is a provider of SAP enterprise solutions to government, utility, healthcare and educational institutions. LSI was founded in 2005 and is based in Gilbert, Arizona.

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Buyer(S) 1

Buyer

Pegasus Capital Group

Santa Monica, California, United States

Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

Pegasus Capital Group is a private investment firm that acquires established, profitable, growth-oriented businesses in non-technology intensive industries. Pegasus has a particular interest in niche-manufacturing, but will also consider value-added distribution and specialty service companies. The Firm prefers North American opportunities. Prospective companies typically have revenues of $5 to $75 million and EBITDA of at least $2 million. Pegasus avoids investing in start-ups, early-stage ventures, technology-driven companies, or minority investments. Pegasus Capital Group was formed in 1997 and is located in Los Angeles, California.


DEAL STATS #
Overall 10 of 10
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 5
State: Arizona M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 SPG

Atlanta, Georgia, United States

SPG manufactures and supplies commercial-grade, steel, stainless steel, and aluminum materials handling and storage products used in a variety of end-markets including industrial distribution, food service, and grocery and convenience stores. It primarily sells to the domestic locations of leading industrial distributors, quick-service restaurant brands and franchisees, big box retailers, and convenience stores, working directly with customers to engineer custom storage and material handling solutions. SPG was founded in 2010 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 Santier

San Diego, California, United States

Santier, Inc. is a manufacturer of high thermal conductivity metal matrix composites, ceramics and packages/assemblies. Santier was founded in 1991 and is based in San Diego, California.

Sell -