424 Capital

424 Capital is a private equity firm based in Wakefield, Massachusetts, that specializes in growth capital investments in lower middle market companies. The firm typically invests between $10 million and $50 million in sectors such as healthcare, technology services, data-driven marketing, and renewable energy. In healthcare, 424 Capital focuses on areas like healthcare IT, pharmacy software, niche hospital management, and revenue cycle management. In technology services, it targets IT managed services, enterprise software, data analytics, and education. The firm also engages in data-driven marketing and renewable energy investments, including energy retailers and energy efficiency software. 424 Capital prefers to collaborate with founders and management teams to drive long-term growth in companies generating revenue between $5 million and $30 million, with EBITDA ranging from $1 million to $5 million.

Walter Beinecke

Co-Founder, Managing Partner

Brennan Mulcahey

Partner

Kyle Stanbro

Partner

13 past transactions

Total Resource Management

Venture Round in 2024
TRM is a leading Gold Maximo Solution and Cloud Provider.

Metafoodx

Seed Round in 2024
Metafoodx is on a mission to solve the challenge of food waste because we believe that it is one of the most critical factors for achieving global sustainability. We have assembled a team that shares a passion for helping foodservice businesses and has great insight into how the challenges of food production can be solved with artificial intelligence. Metafoodx helps foodservice businesses prevent food waste and optimize production planning through an AI-powered software service. We remove the data gap between back-kitchen production and true consumption through industry-first real-time consumption tracking. We deliver customers value by providing planning tools with actionable insights and by generating automatic alerts and reminders to help staff streamline actions. Metafoodx delivers business impact by reducing food waste, lowering COGS, and increasing operational efficiency. Our product consists of a data analytics cloud and a set of consumption tracking devices. The tracking devices deploy seamlessly to service environments and collect granular consumption data. The cloud service discovers consumption trends, generates production guidance, and delivers timely alerts and insightful reports.

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 is a facility management company that provides consulting and engineering services tailored to the biotech industry. The company supports clients of all sizes throughout the product development process, offering a comprehensive range of services that include monitoring software, routine operations, laboratory management, and contamination control. VaLogic also assists in building new facilities and implementing controls to ensure compliance and operational efficiency. Through these services, VaLogic aims to help clients achieve unwavering compliance and operational excellence in their endeavors.

Pinnacle Technology Partners

Acquisition in 2023
Pinnacle Technology Partners specializes in cloud migration and managed services, primarily catering to biotech firms. The company assists its clients in securely transitioning existing on-premises data and systems to both public and private cloud infrastructures. In addition to migration services, Pinnacle Technology Partners offers custom-engineered IT solutions, including infrastructure optimization, governance, security monitoring, and backup and disaster recovery services. By providing these services, the company enables clients to develop products more rapidly, efficiently, and securely within a cloud environment.

MedHQ

Acquisition in 2022
MedHQ is a provider of advisory and administrative solutions tailored for healthcare organizations, including hospitals, outpatient facilities, and physician practices. The company specializes in human resources and financial management services, focusing on attracting, managing, and retaining talent within the healthcare sector. MedHQ offers a range of services that include staffing, performance management, and workflow enhancements, which help clients recruit qualified personnel and ensure appropriate compensation based on skills and market conditions. By delivering these services, MedHQ enables healthcare providers to concentrate on their core operations while improving overall efficiency and effectiveness.

Coronis Health

Acquisition in 2022
Coronis Health is a healthcare revenue cycle management company that provides specialized solutions for a variety of healthcare practices and facilities, including primary and specialty physician practices, surgery centers, hospitals, and emergency medical services. The company employs a data-driven approach combined with personalized service to help clients manage their billing processes and accounts receivable effectively. By prioritizing the accuracy and timeliness of their operations, Coronis Health enables healthcare providers to focus on delivering quality patient care while maintaining financial independence and achieving financial success. Their services are designed to safeguard and optimize the financial aspects of healthcare practices, ensuring that clients can navigate the complexities of revenue management with confidence.

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.

BroadcastMed

Acquisition in 2021
BroadcastMed has been innovating digital strategies for healthcare organizations. The company was first in the world to broadcast live surgeries on the internet using its ORLive solution which provides an intimate look inside the operating room.

Radian Generation

Acquisition in 2021
Radian Generation specializes in asset management services for solar and wind energy projects, focusing on operational performance, financial compliance, and optimization. The company manages over 42 megawatts of operational solar projects, offering services such as oversight of operations and maintenance providers, production monitoring, and financial management, which includes cash management, billing, and compliance with tax equity and debt financing agreements. Radian Generation also provides advisory services for special situations, including insurance claims and litigation. Through its technology platform, the company automates asset management practices, enabling clients to efficiently manage and optimize their energy assets while mitigating risks and ensuring predictable returns.

Practis

Acquisition in 2019
Practis is a company focused on enhancing the local digital presence of healthcare organizations, including medical groups, hospitals, and healthcare companies. It offers a range of online marketing products and services designed to help these organizations connect effectively with patients in their markets. Key offerings include Encounter Health, which assists health brands in developing digital marketing programs to boost patient awareness and engagement, and Practis Forms, a secure tool for collecting and sharing patient data online. Additionally, Practis Pay provides a HIPAA and PCI compliant solution for processing credit card transactions, both online and offline. Through its services, Practis aims to generate new patient leads, improve engagement, and ultimately help its clients achieve their patient acquisition goals in a compliant manner.

LearnWell

Venture Round in 2018
LearnWell provides an integrated set of academic and mental health services for students and their families throughout the continuum of care to address emerging mental health needs, promote academic wellness during treatment, and support the transition back to the school environment following treatment.
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