In the latest episode of the podcast “The Deal's Behind the Buyouts,” Matt Nasia, president of Lincolnshire Management, spoke about the company's interest in business services and increased M&A opportunities in 2024.
“We're going to see a surge in deal flow for recently raised deals or deals that have been on the sidelines for the past year,” Nasier said.
Nasier, who began his career as an intern in Lincolnshire, is part of the firm's founding team and focuses on deal sourcing and execution.
Lincolnshire typically invests in founder-owned companies such as business services, specialty manufacturing, distribution, logistics and consumer brands with EBITDA between $10 million and $40 million.
The mid-market company has strong interests in business services, including facility services, and currently owns facilities such as Powerhouse Retail Services LLC, a facility maintenance services provider, and Remedi8, a fire protection and safety business formerly known as Barrier Cos. are investing.
Powerhouse, a four-year-old portfolio company, has completed three add-on transactions since 2019, helping the platform expand its services for ATM operators and enhance its landscaping, snow removal and break-fix services.
Meanwhile, the company's three-year-old platform, Remedi8, is primarily focused on hospitals and also has a fire protection business.
“When we work with businesses and owners and operators, the idea is that we are supporting the management team, so we really want them to stay and offer their expertise. I am thinking” [and] We can complement them in terms of helping us execute our M&A strategy, allowing us to make add-on acquisitions quickly and thoughtfully,” Nasier said.
Listen to the episode with Matt Nasier below.
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