Solis Capital Partners
Solis Capital Partners, LLC is a private equity firm founded in 2002 and based in Newport Beach, California, with an additional office in Carlsbad. The firm focuses on control investments in lower middle-market companies within a variety of industries, including services, business services, software, food products, niche manufacturing, and telecommunications. Solis Capital typically invests between $2 million and $25 million in companies with revenues ranging from $15 million to $150 million and EBITDA of $1 million to $10 million. The firm targets businesses with a history of positive cash flow, potential for significant EBITDA margins, and the ability to grow earnings by at least 10% annually over a four- to six-year period. Solis Capital prefers to take a majority stake in its investments and seeks to secure board representation in its portfolio companies. The firm does not invest in the retail, restaurant, or apparel sectors and primarily focuses on opportunities in the Midwest, Mountain, Southwest, and Southern California regions of the United States.
Lindora, Inc. operates a chain of weight loss clinics that provide clinical weight management services to men, women, and children in the United States. Its weight loss programs include one-on-one clinical support, menu plan, fitness, and maintenance programs; and online programs. The company was founded in 1971 and is based in Costa Mesa, California.
Private Equity Round in 2015
Icom North America LLC manufactures, assembles, and distributes liquid propane injection, liquid propane direct injection, and dual fuel propane/diesel liquid injection systems for the propane vehicle industry. It serves original equipment manufacturers and aftermarkets through a network of dealers worldwide. The company was founded in 2004 and is based in New Hudson, Michigan.
Private Equity Round in 2014
LEHR Incorporated, based in Stanley, North Carolina, specializes in the manufacturing of environmentally friendly tools and engines powered by propane. The company offers a range of lawn and garden tools that provide customers with the performance they expect while eliminating the issues associated with gasoline-powered equipment. Additionally, LEHR produces propane-powered outboard marine engines in various low horsepower configurations, allowing users to benefit from lower fuel prices, improved efficiency, and reduced operational costs. Through its patented technology, LEHR aims to deliver some of the cleanest and most reliable tools available on the market, contributing to a cleaner planet.
Private Equity Round in 2013
Horizon Communications Technologies, Inc. specializes in telecommunications infrastructure, offering a comprehensive range of services from design and engineering to installation and maintenance. The company focuses on riser management, wireless infrastructure, structured cabling, and electrical works, catering to various sectors including large building and property management companies, telecommunications carriers, data centers, and enterprise-level operations. Horizon is recognized for its expertise in deploying and managing distributed antenna systems and WiFi solutions, serving high-profile clients such as major stadiums. Based in Irvine, California, the company is committed to delivering excellence in telecommunications infrastructure services in both the United States and the United Kingdom.