Resources, deal criteria, and direct submission channels for M&A brokers, investment banks, lenders, and professional services partners who work with LSG on acquisitions. We respond to every submission.
Business brokers with lower middle-market listings in infrastructure, energy, or healthcare services. We are an active, well-capitalized buyer with a 48-hour response commitment.
Boutique advisory firms running sell-side processes for $1M–$10M EBITDA businesses in our sectors. We close efficiently and offer founder-friendly permanent capital structures.
M&A attorneys, transaction counsel, and regulatory specialists supporting our deal process. We work efficiently with experienced deal counsel and have clear document preferences.
Bank and non-bank lenders, SBA specialists, and co-investment partners providing deal financing. We underwrite at 2.0–3.5× EBITDA and prefer clean, conservative structures.
Share this with clients evaluating a sale. LSG is an active, well-capitalized buyer in our target sectors with the ability to close efficiently and offer founder-friendly permanent capital structures.
| Criteria | Target |
|---|---|
| EBITDA | $1M – $10M |
| Revenue | $3M – $50M |
| Entry Multiple | 5× – 7× EBITDA (cash-free / debt-free) |
| Leverage | 2.0× – 3.5× EBITDA |
| FCF Conversion | ≥ 50% |
| Hold Period | Permanent — no exit mandate, ever |
| Geography | Texas-primary; adjacent Southwest considered |
| Revenue Type | Recurring / contracted preferred |
| Sectors | Infrastructure & Energy Services · Healthcare Services |
| Management | Retained post-close preferred |
A note on what makes us different as a buyer: We have no fund lifecycle that will force a sale. There is no LP redemption window, no end-of-fund pressure, no moment where someone at LSG needs to generate a return event. We are the permanent owner — which makes us a materially different kind of buyer for founders who care about what happens after closing. For your clients evaluating multiple offers, that distinction is worth a conversation.
Fill out the form with as much or as little detail as you have at this stage. A teaser, CIM, or deal summary works — we will confirm receipt and provide an initial response within 48 business hours.
We respond to every broker submission with a clear yes, no, or next step. If the deal isn't in our lane, we'll tell you directly and often suggest who might be better positioned.
Every deal submission to this portal reaches our principals directly. We review every teaser and respond within 48 business hours — with a real answer, not an auto-acknowledgment.
Your submission has been logged and routed to our principals. Expect a response at the email you provided within 48 business hours — with a clear yes, no, or proposed next step.
If you regularly source deals in our sectors and want to establish a formal referral relationship with LSG, we'd like to hear from you. Referral partners receive priority response, direct BD contact, and formal fee arrangements for completed transactions.
Our business development team will review your application and be in touch within 5 business days to discuss how a formal referral relationship would work.
Share these resources with your clients or your deal team to evaluate fit before a submission.
A single-page reference document covering target EBITDA, sectors, geography, structure, and what makes an infrastructure or energy services business a strong fit for LSG.
Download PDF →A single-page reference document covering target EBITDA, sectors, geography, structure, and what makes a healthcare services business a strong fit for LSG.
Download PDF →A brief explanation of permanent capital structure for brokers fielding client questions about what it means for a buyer to have no fund lifecycle or exit mandate.
Read on Site →A short email template your team can use to introduce LSG to a client evaluating a sale — covering our thesis, structure, and what makes us a permanent-capital buyer.
Request via Email →Need Something Specific?
If you need a custom resource, a co-marketing arrangement, or just want to establish a direct relationship with our business development team — reach out directly.