M&A Deal Summary

Sunwave Health Acquires Lightning Step

On October 27, 2025, Sunwave Health acquired software company Lightning Step from Gallant Capital

Acquisition Highlights
  • This is Sunwave Health’s 1st transaction in the Software sector.
  • This is Sunwave Health’s 1st transaction in the United States.
  • This is Sunwave Health’s 1st transaction in Texas.

M&A Deal Summary

Date 2025-10-27
Target Lightning Step
Sector Software
Buyer(s) Sunwave Health
Sellers(s) Gallant Capital
Deal Type Merger

Target

Lightning Step

Houston, Texas, United States
Lightning Step offers an all-in-one software platform including electronic medical records, revenue cycle management, and customer relationship management technology. Lightning Step was founded in 2014 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Sunwave Health

Delray Beach, Florida, United States

Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

Sunwave Health is a SaaS-based behavioral health platform for substance use disorder (SUD) treatment centers. Sunwave Health was founded in 2014 and is based in Delray Beach, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Gallant Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gallant Capital is a private equity firm focused on control investments of profitable lower middle-market companies with up to $40 million of EBITDA. The Firm targets individual or family-owned companies as well as corporate divestitures. Broad areas of interest include technology, industrials, and business services. Gallant Capital was established in 2018 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-17 Altify

Los Angeles, California, United States

Altify is a customer revenue optimization (CRO) company. Altify helps revenue teams visualize customers and their desired outcomes, unlocking revenue growth and building sales excellence. Built natively on the Salesforce Platform, Altify’s CRO application helps thousands of salespeople, sales leaders, and executives achieve sustained customer revenue optimization and sales success. Altify is based in Los Angeles, California.

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