424 Capital
424 Capital is a private equity firm based in Wakefield, Massachusetts, that makes control equity investments in lower middle market companies across North America. It partners with founders and management teams to accelerate growth through add-on acquisitions and expansion or growth capital. The firm focuses on tech-enabled services and growth sectors, including healthcare, technology services, data-driven marketing, and renewable energy. In healthcare it targets healthcare IT, pharmacy software and services, niche hospital management, and revenue cycle management; in technology services, IT managed services, enterprise software, data analytics, and education; in data-driven marketing, multi-channel marketing in specific niches; and in renewable energy, energy retailers, energy procurement, and asset management software and services. 424 Capital seeks profitable, growing companies and often engages in buyouts in the lower-middle market, primarily in North America, to build scale and create long-term value through strategic initiatives and partnerships.
Top Stages
13 past transactions
Total Resource Management
Venture Round in 2024
Total Resource Management (TRM) is a prominent provider of asset management consulting and maintenance services. It specializes in integrating operational expertise with enterprise asset management (EAM) and asset performance management (APM) technologies to enhance clients' asset and business performance. TRM helps organizations bridge gaps between their people, processes, and systems, thereby elevating their asset management practices.
Metafoodx
Seed Round in 2024
Metafoodx employs AI-powered software to assist foodservice businesses in minimizing food waste and optimizing production planning. It bridges the data gap between kitchen production and actual consumption through real-time tracking, providing actionable insights and automated alerts to enhance operational efficiency, reduce costs, and promote sustainability.
Environ Energy
Acquisition in 2024
Environ Energy is a full-service energy consulting and management firm that assists facility owners and decision-makers in navigating the complexities of the evolving energy landscape. The company specializes in sustainable energy management services, focusing on areas such as procurement, energy efficiency, carbon reduction, resiliency, and compliance. By providing tailored energy strategies, Environ Energy helps clients, including hospitals and government agencies, effectively manage their energy needs while minimizing their carbon footprint.
VaLogic
Private Equity Round in 2023
VaLogic specializes in facility management for the biotechnology industry. They offer monitoring software, routine operations, lab services, and biotech consulting to ensure compliance and operational efficiency.
Pinnacle Technology Partners
Acquisition in 2023
Pinnacle Technology Partners specializes in cloud migration services. It assists clients in securely transferring their on-premises data and systems to public and private cloud infrastructures.
MedHQ
Acquisition in 2022
MedHQ offers advisory and administrative solutions tailored for hospitals, outpatient facilities, surgery centers, imaging centers, and physician practices. Their services enable clients to focus on core healthcare functions by managing HR and financial aspects, including staffing, performance improvements, and compensation strategies.
Coronis Health
Acquisition in 2022
Coronis Health is a revenue cycle management company specializing in healthcare. They offer data-driven solutions tailored for various healthcare providers such as physician practices, hospitals, and surgery centers.
Health Perspectives Group
Acquisition in 2021
Health Perspectives Group is a family of companies that specialize in patient and caregiver engagement for healthcare organizations.
QE Solar
Acquisition in 2021
QE Solar is a provider of operations and maintenance services focused on commercial, industrial, and utility-scale solar infrastructure, as well as battery energy storage systems. The company specializes in a range of solar maintenance services, including remote monitoring, preventative maintenance, troubleshooting, repair, and aerial thermography. Additionally, QE Solar offers construction management services, all aimed at helping solar energy developers enhance their efficiency, optimize their return on investments, and improve energy production. Through its comprehensive solutions and expertise, QE Solar supports the growing demand for sustainable energy solutions.
Conexiant
Acquisition in 2021
Conexiant is a technology company specializing in digital broadcasting for the medical field. It operates a platform that enables hospitals, medical device manufacturers, associations, and pharmaceutical companies to create and distribute educational content to healthcare professionals.
Radian Generation
Acquisition in 2021
Radian Generation specializes in asset management services for solar and wind energy projects, focusing on the efficient and reliable operation of renewable energy assets. The company oversees the operational performance of these assets, manages relationships with operations and maintenance providers, and conducts production monitoring and analysis to optimize performance. Radian Generation also provides comprehensive financial management services, including cash management, billing, and compliance with contractual obligations. In addition, the firm administers tax equity and debt financing agreements and offers advisory services for unique situations such as insurance claims and project repowering. Through its technology platform, Radian Generation automates asset management practices, allowing clients to effectively manage and de-risk their energy assets while ensuring predictable returns.
Onspire Health Marketing
Acquisition in 2019
Onspire Health Marketing provides consulting and digital marketing services to healthcare providers, including medical groups and hospitals. It helps clients reach local patients through website design and multi-channel marketing programs that generate new patient leads and improve patient engagement, aiming for measurable results and sustainable growth in the healthcare sector.
LearnWell
Venture Round in 2018
LearnWell offers comprehensive educational services aimed at supporting students who cannot attend school due to medical, emotional, or behavioral challenges. The organization provides a range of integrated academic and mental health services designed to address the mental health needs of students and their families throughout their care journey. LearnWell focuses on promoting academic wellness during treatment and facilitating a smooth transition back to the school environment once treatment is completed. By addressing both educational and mental health requirements, LearnWell aims to foster a holistic approach to student well-being and success.
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