Lightyear Capital

Lightyear Capital LLC is a private equity firm based in New York, established in 2000. The firm specializes in investing in the financial services sector, focusing on areas such as asset and wealth management, banking, brokerage, commercial and consumer finance, financial technology, healthcare financial services, insurance, payments and processing, specialty finance, and tech-enabled business services. Lightyear Capital typically targets middle-market companies with enterprise values under $500 million, making investments ranging from $25 million to $100 million, while also considering larger amounts. The firm aims to acquire controlling or majority stakes in its investments. With a team of principals averaging over 25 years of industry experience, Lightyear Capital is well-equipped to navigate the complexities of financial services investing.

Jay Comerford

Managing Director and Member of the Investment Committee

Stewart Gross

Managing Director

Michael Langer

Managing Director and Member of the Investment Committee

Lane McPhillips

Principal and Head of Human Capital

Tom Naratil

Operating Partner

Michal Petrzela

Managing Director

Max Rakhlin

Managing Director and Board Member

Daniel Stencel

Managing Director and CFO

Martin Sullivan

Operating Partner

Maria Veltre

Operating Partner

Bryan Walker

Associate

Jon Walters

Associate

Kevin Watters

Operating Partner

Marc West

Operating Partner

41 past transactions

King Insurance

Private Equity Round in 2025
King Insurance is a full-service insurance brokerage firm that provides a variety of property & casualty as well as employee benefits solutions.

CuraLinc Healthcare

Private Equity Round in 2024
CuraLinc Healthcare specializes in delivering mental health and wellbeing programs designed to enhance the emotional fitness of individuals. The company offers a range of services, including employee assistance programs, text therapy, digital cognitive behavioral therapy, and student assistance programs. By focusing on personalized advocacy and connectivity, CuraLinc Healthcare aims to support employees, families, and students through transformative mental health care initiatives.

AmpliFI Loyalty Solutions

Funding Round in 2024
AmpliFI Loyalty Solutions, LLC is a provider of customized loyalty programs specifically designed for financial institutions such as banks and credit unions. Based in Naperville, Illinois, the company offers a range of services including its Loyalty Engagement ampliFIcation Platform (LEAP), gamification, marketing design, and consultation. AmpliFI also provides tools for fuel redemption, omnichannel redemption capabilities, and customized marketing campaigns, alongside reporting and program analysis. The company supports an integrated card-linked, merchant-funded network and offers credit and debit reward programs, leveraging over 20 years of experience in managing loyalty initiatives within the financial services sector. With a focus on middle-market banks and credit unions, AmpliFI operates approximately 1,200 loyalty programs across the United States.

Prime Pensions

Private Equity Round in 2024
Prime Pensions is an independent provider of retirement plan services focused on small and medium-sized enterprises. The company specializes in recordkeeping, compliance, consulting, and actuarial services related to retirement plans. It offers expertise in plan design and implementation, annual administration, and ensures that clients adhere to regulations set by the Department of Labor and the IRS. Through its comprehensive services, Prime Pensions aims to help businesses efficiently manage their retirement plans while maintaining compliance with relevant regulatory requirements.

Inszone Insurance Services

Private Equity Round in 2023
Inszone Insurance Services is a full-service insurance brokerage firm that caters to both individual and commercial clients. The company provides a comprehensive range of insurance products, including vehicle insurance, home insurance, umbrella insurance, group health insurance, and commercial property insurance. By offering tailored plans and policies, Inszone aims to meet the unique personal and professional needs of its clients. The firm is dedicated to delivering effective insurance solutions that enhance the financial security and well-being of its customers.

PracticeTek

Acquisition in 2021
PracticeTek is a company focused on advancing healthcare through technology. Established by a group of investors and entrepreneurs, it specializes in providing investment and financing to software developers within the healthcare sector. The company targets middle-market, retail-healthcare software-as-a-service (SaaS) firms that create essential tools for medical and dental practices. These tools include practice management systems, electronic health records, appointment scheduling, patient intake forms, communications, and electronic payment processing. By supporting these companies, PracticeTek aims to help entrepreneurs enhance their business operations, foster collaboration, and ultimately improve patient care in the healthcare landscape.

Schellman & Company

Private Equity Round in 2021
Schellman is a leading provider of attestation and compliance services. They are a globally licensed PCI Qualified Security Assessor, an ISO Certification Body, a HITRUST CSF Assessor, and a FedRAMP 3PAO. Renowned for expertise tempered by practical experience, their professionals provide superior client service balanced by steadfast independence. Their approach builds successful, long-term relationships and allows their clients to achieve multiple compliance objectives through a single project team.

Wren Sterling

Acquisition in 2021
Wren Sterling Financial Planning Limited, established in 2014 and based in Nottingham, United Kingdom, specializes in providing comprehensive financial planning and advisory services to both private and corporate clients. The firm focuses on various aspects of savings, investments, and retirement planning, aiming to deliver tailored solutions that enhance financial security. Wren Sterling's advisers prioritize the cultivation of long-term client relationships, ensuring that their services address the evolving needs of clients across generations. In addition to individual financial planning, the company offers guidance on corporate protection and employee benefits strategies, helping businesses optimize their investments and protect their interests for a sustainable financial future.

Allworth Financial

Acquisition in 2020
Allworth Financial is an independent investment advisory firm focused on providing comprehensive financial and retirement planning services. The firm specializes in retirement planning, investment advising, and 401(k) management, employing a direct approach to assist clients in achieving their financial goals. Allworth Financial offers both long- and short-term investment planning solutions, equipping clients with the knowledge and strategies necessary to navigate their financial futures confidently. The firm's mission is to help individuals plan strategically for retirement, alleviating concerns about financial stability and longevity.

ProfitSolv

Acquisition in 2020
ProfitSolv is a provider of integrated billing, payments, and software solutions tailored for legal, accounting, and various other professional services sectors, including consulting, architecture, and engineering. The company focuses on delivering a comprehensive suite of information technology services that enhance operational efficiency, productivity, and revenue for its clients. By offering tools that streamline processes, ProfitSolv aims to support professionals in managing their financial and administrative tasks more effectively.

Blackline Safety

Post in 2020
Blackline Safety Corp. is a global leader in connected safety technology, specializing in the development, manufacture, and marketing of products and services designed to enhance worker safety. Based in Calgary, Canada, the company offers a range of wearable safety devices, such as the G7c and G7x, which cater to both indoor and remote locations. Blackline's solutions include gas detection cartridges, portable monitoring stations, safety applications, and a cloud-hosted safety monitoring portal. The company serves various industries, including utilities, oil and gas, healthcare, and manufacturing, providing essential services that ensure compliance and improve safety outcomes. With a commitment to real-time safety insights, Blackline Safety has reported over 161 billion data points and initiated millions of emergency responses, underscoring its role in supporting organizations to protect their workforce and enhance operational efficiency. Founded in 2004, the company was formerly known as Blackline GPS Corp. before rebranding in 2015.

Maroon.ai

Seed Round in 2020
Maroon Insights LLC, based in Philadelphia, Pennsylvania, specializes in developing a predictive analytics platform aimed at providing marketing intelligence for B2B companies. Founded in 2016, Maroon.ai offers a software-as-a-service (SaaS) solution that integrates seamlessly into existing business processes. The platform aggregates and analyzes vast commercial datasets, currently exceeding 80 million records, to deliver actionable insights into prospective customers and competitors. By leveraging advanced data mining, artificial intelligence, and customizable business intelligence tools, Maroon enables businesses to efficiently qualify leads and enhance their customer relationship management and sales force automation systems. This approach helps clients identify high-potential prospects and generate quality leads, driving overall business growth.

HealthPlanOne

Acquisition in 2020
Health Plan One, founded in 2006, operates as an online health insurance marketplace catering to individuals, families, small groups, and Medicare recipients. The platform is designed to assist consumers in making informed decisions regarding their health insurance needs by providing comprehensive online and offline sales support, along with 24-hour customer service. Health Plan One utilizes digital marketing and proprietary technology to facilitate the sales and distribution of health insurance, enabling both carriers and brokers to research and select plans efficiently. The company also markets Medicare Advantage and Medicare supplement products under the brand Medicare Solutions, further enhancing its offerings in the health insurance sector.

Lendmark Financial Services

Acquisition in 2019
Lendmark Financial Services, LLC is a consumer finance company based in Lawrenceville, Georgia, founded in 1996. The company specializes in providing personal loans, automobile loans, and retail merchant sales finance services, focusing on consumers who are underserved by traditional lenders. Lendmark offers personalized loan solutions for various needs, including vacation expenses, home repairs, unexpected emergencies, and debt consolidation. The company aims to provide easy, convenient, and affordable borrowing options to its customers. Originally known as Newsouth Financial Services, Inc., it rebranded to Lendmark Financial Services, LLC in August 2000 and was formerly a subsidiary of Branch Banking and Trust Company.

Lighthouse

Acquisition in 2019
Lighthouse is a prominent full-service eDiscovery provider that caters to Fortune 100 companies and Am Law 100 law firms across the United States. With over 19 years of experience, the company specializes in managing the complexities of enterprise data for compliance and legal teams. Lighthouse offers a range of services, including consulting and data analysis, aimed at enhancing eDiscovery workflows while significantly reducing clients’ overall discovery costs. Their focus on collaboration and innovation enables clients to effectively identify and mitigate risks associated with current and future litigation.

Engage PEO

Acquisition in 2019
Engage PEO, LLC is a provider of outsourced human resource and workforce consulting services specifically tailored for small and mid-sized businesses. Founded in 2011 and headquartered in Hollywood, Florida, with additional offices in Saint Petersburg and Addison, the company offers a comprehensive range of services, including payroll processing, benefits administration, workers' compensation, risk management, and employee compliance. Engage PEO's expert team, comprised of seasoned professionals in human resources and legal counsel, focuses on helping clients navigate complex regulatory environments while minimizing costs and maximizing operational efficiency. Their offerings also include employee self-service web payroll access, time and attendance system integration, and ACA reporting services, thereby enhancing clients' competitive advantage in their respective markets.

AmpliFI Loyalty Solutions

Acquisition in 2018
AmpliFI Loyalty Solutions, LLC is a provider of customized loyalty programs specifically designed for financial institutions such as banks and credit unions. Based in Naperville, Illinois, the company offers a range of services including its Loyalty Engagement ampliFIcation Platform (LEAP), gamification, marketing design, and consultation. AmpliFI also provides tools for fuel redemption, omnichannel redemption capabilities, and customized marketing campaigns, alongside reporting and program analysis. The company supports an integrated card-linked, merchant-funded network and offers credit and debit reward programs, leveraging over 20 years of experience in managing loyalty initiatives within the financial services sector. With a focus on middle-market banks and credit unions, AmpliFI operates approximately 1,200 loyalty programs across the United States.

Therapy Brands

Private Equity Round in 2018
Therapy Brands is a provider of software solutions specifically designed for mental and behavioral health practitioners. Headquartered in Birmingham, Alabama, the company offers fully integrated practice management and electronic health record systems tailored for various segments, including psychiatric care, substance use recovery, rehabilitation, and applied behavior analysis. By delivering a comprehensive suite of tools, Therapy Brands enables healthcare providers to enhance patient care and achieve better health outcomes. Their solutions streamline essential functions such as practice management, telehealth, revenue cycle management, e-Prescribing, and payment processing. This focus on operational efficiency allows therapists, psychologists, social workers, and counselors to reduce administrative burdens, thereby dedicating more time to patient interactions and improving overall service delivery.

HPM Partners

Acquisition in 2018
HPM Partners is an award-winning investment and wealth management firm offering customized financial advice to individuals and their families, businesses and their employees, and nonprofit organizations.

Datalot

Private Equity Round in 2017
Datalot Inc. specializes in mobile and web marketing technology solutions tailored for the insurance industry. Established in 2008 and headquartered in Brooklyn, New York, the company has developed a pay-per-call advertising marketplace that transforms online traffic into live phone interactions. This platform connects insurance carriers and agents with transaction-ready consumers, facilitating the direct transfer of qualified leads into their sales processes. Datalot’s offerings include customized marketing campaigns, professional consumer triage, analytics-driven routing, and tools for agent management and regulatory compliance. By optimizing active campaigns, Datalot effectively helps clients achieve customer acquisition and lifetime value targets.

eCommission

Acquisition in 2017
eCommission Financial Services, Inc., based in Austin, Texas, specializes in providing commission advance services to real estate sales professionals across the United States. Founded in 2001, the company offers a range of products that allow real estate agents and brokers to receive early payments on their commissions before the scheduled closing dates. These products include advances for pending sales, brokerage transactions, commercial deals, leases, short sales, bridge listings, and builder transactions. eCommission leverages advanced technology to streamline the approval process, ensuring quick and efficient service for its clients. The company is focused on enhancing cash flow management for real estate professionals, thereby supporting their financial needs in a competitive market.

Hyduke Energy Services

Venture Round in 2017
Hyduke Energy Services is a prominent manufacturer of drilling and well servicing equipment, established in 1972 and headquartered in Nisku, Canada. The company specializes in the design and manufacture of land-based drilling rigs, pump units, cranes, winches, center sections, mud systems, catwalks, pipe tubs, skids, and oilfield buildings. Hyduke's products are recognized for their reliability in harsh environments, including arctic, desert, and tropical regions. In addition to its core offerings, the company has recently diversified into custom steel fabrication for civil and industrial projects, providing high-quality structural steel fabrication and modular unit supports. Hyduke has also ventured into tank manufacturing, supported by a skilled team experienced in tank engineering, manufacturing, and field installations.

Ygrene Energy Fund

Private Equity Round in 2016
Ygrene Energy Fund is a prominent provider of financing services focused on energy efficiency and resiliency projects for residential, multifamily, and commercial markets. Established in 2010, Ygrene has developed a Property Assessed Clean Energy (PACE) program that simplifies the process for property owners to invest in improvements that promote sustainability and environmental health. The company offers accessible financing options that require no upfront payments, allowing property owners to undertake projects related to energy efficiency, renewable energy, water conservation, and storm protection. Ygrene has successfully funded over 125,000 projects, totaling more than $3.2 billion, fostering job creation and economic investment in local communities. While PACE programs are supported by state legislation and require local government approval, Ygrene operates independently of government funding. The company has maintained a steady pace of innovation and growth, consistently completing multiple securitizations each year to further its mission.

Advisor Group

Acquisition in 2016
Advisor Group is one of the largest independent broker-dealer networks in the United States, consisting of four key broker-dealers: FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial, and Woodbury Financial Services. With a network of over 5,000 affiliated advisors, Advisor Group promotes a culture of entrepreneurship and independence. The company's structure enables it to allocate significant resources across its network, providing advisors with access to advanced technologies, personalized service, and comprehensive operational support. This unique combination allows advisors to benefit from the advantages of a large firm while maintaining the personalized touch of a smaller organization. Advisor Group is well-positioned to address the evolving challenges and opportunities in the financial services industry.

Pathlight Capital

Acquisition in 2015
Pathlight Capital, LLC is a commercial finance company based in Hingham, Massachusetts, established in 2012. It specializes in providing secured loans primarily to companies in the consumer and retail sectors, while also addressing the financing needs of businesses across various industries. The company offers flexible lending solutions, including loans secured on a first or second lien basis against both tangible and intangible assets. Additionally, Pathlight Capital provides enterprise value and mezzanine financing options, enabling management teams to access liquidity for purposes such as growth, acquisitions, debt refinancing, and restructuring.

Wealth Enhancement Group

Acquisition in 2015
Wealth Enhancement Group is a financial services firm that specializes in providing customized financial planning and investment management solutions. The company aims to simplify the financial lives of its clients, particularly large institutional and high-net-worth investors, by offering a comprehensive range of services that includes investment management, tax strategies, insurance, and estate planning. By merging superior investment management with behavioral finance principles, Wealth Enhancement Group helps clients make informed decisions while alleviating the stress associated with managing multiple financial relationships. The firm's focus on personalized service allows clients to navigate complex financial landscapes with greater confidence and clarity.

RidgeWorth Investments

Acquisition in 2013
The RidgeWorth Funds family provides investors with a range of equity funds, bond funds and asset allocation funds. We believe that the best equity funds and best bond funds are those that have managers who remain true to their investment disciplines over the long term. The best equity funds and best bond funds for investors may not be the ones with the highest absolute performance, but rather, the funds that perform the way they are supposed to perform in different market environments, and contribute to a well-diversified portfolio. Take a look at the funds we have to offer, which may help you build a well-diversified portfolio.

Alegeus Technologies

Acquisition in 2012
Alegeus is a leading provider of consumer-directed healthcare solutions, managing a significant share of the market for benefit accounts. The company offers a comprehensive benefits administration platform that aids individuals in navigating their healthcare spending and saving options. Alegeus's platform supports various consumer-directed healthcare accounts, including flexible spending accounts, health savings accounts, wellness incentives, dependent care, and commuter accounts. Through innovative tools such as debit cards and user engagement strategies, Alegeus helps consumers optimize their healthcare spending and maximize their savings.

Paradigm

Acquisition in 2012
Paradigm is a provider of medical case management services that focuses on improving the lives of individuals with complex and catastrophic injuries, such as traumatic brain injuries, spinal cord injuries, multiple traumas, amputations, burns, and chronic pain. The company employs a unique and comprehensive methodology to manage these challenging cases, which often involve high costs and significant volatility. By collaborating with nationally recognized doctors, nurses, and specialists, Paradigm aims to enhance medical outcomes while simultaneously lowering overall costs for its clients in the workers' compensation sector. Their approach is designed to deliver both clinical excellence and financial efficiency in the management of severe injuries and complex diagnoses.

Clarion Partners

Acquisition in 2011
Clarion Partners is a New York-based investment adviser that specializes in real estate investment management. Established in 1982, the firm has built a reputation as a leading provider of long-term real estate solutions, catering to a diverse range of more than 200 domestic and international institutional investors. Clarion Partners employs a variety of real estate strategies that span the risk/return spectrum, allowing it to effectively manage approximately $40 billion in assets. The firm operates additional offices in key cities including Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle, and Washington, DC, ensuring a broad geographical reach and expertise in the real estate market. As a Registered Investment Adviser, Clarion Partners is committed to delivering tailored investment strategies that align with the goals of its clients.

Cascade Bancorp

Post in 2010
Cascade Bancorp operates as the bank holding company for Bank of the Cascades.

Higher One

Venture Round in 2008
Higher One, established in 2000, specializes in providing technology and payment services tailored to the higher education sector. The company offers a range of solutions designed to streamline financial disbursements for educational institutions and their students. These solutions encompass student refunds, on-campus and community purchases, payroll and employee expense management, as well as the collection of payments from students, parents, and sponsors. By focusing on efficiency and convenience, Higher One aims to simplify financial transactions within the higher education landscape.

ARGUS Software

Acquisition in 2006
ARGUS Software is a provider of software solutions specifically designed for the commercial real estate sector. The company offers a range of products, including property management and valuation software, that enable clients to effectively manage the financial and operational aspects of their real estate portfolios. Its offerings include the ARGUS Appraisal Reporting Solution, ARGUS Asset Management, ARGUS Developer, ARGUS Development Budget, and ARGUS Enterprise. Serving customers worldwide, ARGUS Software caters to a diverse clientele that includes real estate companies, property owners, managers, financial institutions, brokerages, and real estate investment trusts (REITs).

Bakercorp

Acquisition in 2005
BakerCorp Inc. specializes in providing liquid management solution rental services across the United States, Canada, and Europe. Established in 1942 and based in Seal Beach, California, the company offers a range of integrated and custom-designed liquid management systems. Its product offerings include various types of tanks—such as storage, coil, mix, separation, filtration, double wall, and buffer tanks—as well as diverse pump solutions, filtration systems, and electrocoagulation solutions. BakerCorp also provides on-site services and specialty media, catering to multiple industries including oil and gas, pipeline, refinery, construction, environmental remediation, and municipal sectors. The company, which was formerly known as Baker Tanks, Inc., has evolved into a leader in the rental of tank, pump, filtration, and shoring equipment.

The NAU Group

Private Equity Round in 2005
The NAU Group is a prominent provider of crop insurance services, primarily operating in the Midwestern United States and California. Founded by the Deal family, the company has played a significant role in enhancing the financial security of the agricultural sector since the early 1980s, when they facilitated a partnership between the government and private sector. NAU Group specializes in the federally-sponsored Multiple Peril Crop Insurance program and is recognized for delivering exceptional customer service to agents and farmers. With a workforce of over 600 employees and a network of more than 1,600 independent agents, the company is licensed in 47 states and maintains a strong presence in the insurance market. As a leader in innovative technology, NAU Group aims to provide the financial stability necessary for farmers to manage risks effectively, ensuring their security both now and in the future.

Ripon Cogeneration

Acquisition in 2004
The Ripon Cogeneration Facility, located near San Francisco in Ripon, California, has been in operation since 1988 and has a generation capacity of 51 megawatts. It has a power purchase agreement to 2018 with Pacific Gas & Electric Company, the principal utility operating subsidiary of PG&E Corp, the largest electric utility in California.

Telmar Network Technology

Acquisition in 2003
Telmar Network Technology is a global provider of telecommunications and networking solutions, specializing in the maintenance and expansion of communication networks for original equipment manufacturers (OEMs), service providers, and enterprises. With over 50 years of experience, the company offers a range of products and services, including wireline and wireless equipment, multi-vendor repair, spare parts management, and legacy product development. Telmar's subsidiary, TEL-NT, operates state-of-the-art repair facilities in Valinhos, Brazil, supporting carriers in Latin America and the Caribbean. The company distinguishes itself through its comprehensive multi-vendor repair capabilities, quick service delivery, and a commitment to quality and environmental responsibility. Headquartered in Plano, Texas, Telmar has a global presence with facilities across North America, Europe, Asia, and Central and Latin America, with several locations achieving TL 9000 certification.

DeepGreen Bank

Acquisition in 2003
DeepGreen Bank is a federal savings bank that offers online banking and financial services.

Maxxim Medical

Acquisition in 2003
Maxxim Medical (www.maxximmedical.com) is a major diversified manufacturer, assembler and marketer of specialty medical and surgical products, including custom and standard procedure trays, single use drapes and gowns, medical and surgical gloves, vascular access and critical care products. Selling primarily to acute care hospitals, surgery centers and alternate care facilities, Maxxim has five plants in the United States and one in the Dominican Republic. U.S. plants are located in Athens, TX; Clearwater and Oldsmar, FL; Columbus, MS; and Honea Path, SC.

Collegiate Funding Services

Acquisition in 2002
Collegiate Funding Services are vertically integrated education finance company that markets, originates, finances and services education loans. They market education loans primarily through direct-to-consumer programs, which involves marketing campaigns where we acquire customers through direct contact with their Company, including targeted direct mail, telemarketing and the Internet.

Baseline StudioSystems

Series C in 2000
Studio Systems operates an online entertainment industry database and offers information services to the entertainment and media industries on a subscription basis. It offers Studio System, an online information system that allows retrieval of television and film information, including talent, representation, below and above the line credits, projects in various stages of development, contact information, box office, and ratings. The system also provides reports such as client rosters, literary sales, and location start/wrap dates. It offers its information system for international publicity, agency, production, film commission, studio, distributor, and third party vendor clients. It also offers ScriptLog, a script management system to manage the story department; and In Hollywood, which provides film industry professionals with information on films in development, relevant contact information, and the production scenes. In addition, it develops tools that facilitate entertainment companies to manage internal research. Based in Santa Monica, California, Studio Systems, Inc. operates as a subsidiary of The New York Times Company.
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