LKCM Headwater Investments

LKCM Headwater Investments is a private equity investment firm based in Fort Worth, Texas, founded in 1979. The firm focuses on partnering with management teams to develop successful companies, emphasizing an operationally-minded investment approach. It seeks to build market leaders with sustainable competitive advantages across various sectors, including manufacturing, commercial services, industrials, oil and gas, healthcare, consumer products, technology, and financial services. LKCM Headwater has a long-term investment strategy that aims to support well-managed companies capable of reinvesting cash flows into high-return opportunities. The firm benefits from a robust network of relationships and resources provided by its affiliation with Luther King Capital Management, an established investment firm with significant assets under management and a dedicated research team.

Dalton B. Banks

Senior Associate

Michael D. Bornitz

Partner

Robert Brown

Operating Partner

Tom Felter

Operating Partner

Arthur French

Operating Partner

Perry H. Ginsburg

Senior Associate

Charles Hale

Operating Partner

William K. Jenner

Senior Associate

J. Bryan King

Managing Partner and Investment Manager

Jared LeMoine

Senior Associate

Charles Lingenfelter

Operating Partner

David Murdock

Operating Partner

Scott F. Oman

Vice President

Robert Parker

Operating Partner

Ellen P. Peden

Senior Associate

Joel Stewart

Principal

M. Bradley Wallace

Partner

Andrew Zacharias

Partner

Barry Lawrence Ph.D

Operating Partner

5 past transactions

Magnus Technologies

Series A in 2021
Magnus Technologies is a software provider specializing in the transport and logistics industry, offering an enterprise SaaS-based transportation management system (TMS) designed for fleets of all sizes. Its modular Magnus TMS platform integrates with the Magnus Driver App and the Magnus Carrier Advantage network, providing a comprehensive mobile dispatch and order fulfillment solution tailored for truckload and less-than-truckload (LTL) fleets. Additionally, the platform connects seamlessly with electronic logging devices (ELD), electronic data interchange (EDI), and legacy systems, enabling trucking companies to enhance their operational efficiency and maximize revenue. By delivering accessible and scalable technology solutions, Magnus Technologies aims to support the growth and profitability of its clients in the transportation sector.

ProbablyMonsters

Series A in 2021
ProbablyMonsters Inc. develops industry defining AAA video game studios and interactive entertainment. It creates and sustains independently operated development studios, each specifically formed to develop hit entertainment franchises in genres. The company was founded in 2016 and is based in Issaquah, Washington.

Wishbone Medical

Private Equity Round in 2021
Wishbone Medical is a pediatric orthopedic company focused globally on the unmet needs of children suffering from orthopedic issues. The company;s mission is to provide anatomically appropriate, innovative implants and instruments in sterile packed, single-use disposable kits to surgeons and their patients who are still growing.

Wishbone Medical

Private Equity Round in 2020
Wishbone Medical is a pediatric orthopedic company focused globally on the unmet needs of children suffering from orthopedic issues. The company;s mission is to provide anatomically appropriate, innovative implants and instruments in sterile packed, single-use disposable kits to surgeons and their patients who are still growing.

TestEquity

Acquisition in 2017
TestEquity is a leading distributor of electronic test and measurement solutions, as well as maintenance, repair, and operations (eMRO) tools and supplies. With a history spanning 45 years, the company takes a consultative approach to sales, helping clients in industries such as aerospace, defense, automotive, electronics, education, and medical find tailored solutions backed by comprehensive support. TestEquity is an authorized distributor for several renowned brands, providing a wide range of test equipment, including oscilloscopes, meters, power supplies, and infrared thermal imagers. In addition to distribution, TestEquity designs and manufactures high-quality environmental test chambers and ovens at its California headquarters, ensuring premium quality and rapid delivery. The company also offers new and refurbished test equipment, which is fully restored, tested, and calibrated for sale and rent, enabling clients to access reliable electronic assembly and test equipment.
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