About LSG · Who We Serve
LSG operates at the intersection of capital, operations, and community. Our work creates obligations to a broad set of stakeholders — and we take each of them seriously.
Capital Partners
LSG's permanent capital model is built around investors who share a long-duration orientation. We do not manage a fund — we build a partnership with each capital allocator around a common conviction about what patient ownership produces.
Family Offices
Family offices built to preserve and compound wealth across generations have the same time horizon as LSG. We are not asking you to accept a five-year lockup and a forced exit — we are offering a permanent position in a compounding portfolio of essential services businesses. The alignment is structural, not incidental.
Institutional Investors
Endowments, foundations, and institutional allocators with long-duration mandates benefit from exposure to essential services cash flows that compound independently of public market cycles. LSG offers institutional governance and reporting standards in a structure that matches your actual investment horizon.
Accredited Investors
High-net-worth individuals who understand that the most durable wealth is built through ownership — not speculation — find in LSG a vehicle designed around that conviction. We offer meaningful minimums, institutional-grade governance, and a clear investment thesis you can evaluate on its merits.
Financial Advisors
Advisors who manage capital for families and institutions with long horizons now have a vehicle that matches their clients' actual needs. LSG works with registered investment advisors and wealth managers to provide appropriate access for qualified clients. We are happy to provide materials for your due diligence process.
Operating Partners
The operating ecosystem of LSG includes the business owners we acquire from, the management teams we partner with, and the advisors who help us source and execute. Each group plays a distinct role in how we build.
Business Owners
If you have built an essential services business and are thinking about what comes next, LSG offers something most buyers cannot: certainty that what you built will not be dismantled, flipped, or absorbed into a roll-up optimized for someone else's exit. We buy businesses to keep them. We keep them because we believe in what they do.
We serve infrastructure and energy services businesses and healthcare services businesses generating between $2M and $10M in EBITDA. If your business fits that description, we are interested in a conversation — no pressure, no timeline, no intermediary required.
Advisory Partners
Investment bankers, M&A advisors, business brokers, and transaction attorneys who work in the lower middle market understand that buyer reputation matters. A seller's advisor needs to know that LSG will close, that we will treat the transition with integrity, and that we will not renegotiate at the table. We have built our processes to earn that trust.
If you are representing a seller in infrastructure, energy, or healthcare services and believe LSG could be the right fit, we welcome a direct conversation. We pay referral fees in compliance with applicable regulations and maintain complete confidentiality throughout the process.
Management Teams
When LSG acquires a business, the management team does not become an employee of a new parent company running quarterly reviews against a budget someone else built. They become partners in a permanent institution. We provide capital, governance, strategic support, and access to our operating network. They provide the operational knowledge, customer relationships, and institutional memory that no acquirer can manufacture. We invest in them accordingly — through meaningful equity participation, professional development, and a seat at the table in decisions that affect their business.
The Broadest Constituency
Every business LSG acquires serves a community — patients who depend on a healthcare provider, residents who need their infrastructure maintained, families who rely on essential services to function. These are not abstract stakeholders. They are the reason these businesses exist, and they are the measure of whether we have succeeded as owners.
Permanent ownership changes the calculus for these communities in a meaningful way. When a business is owned by a fund with a five-year timeline, decisions are made to optimize for the exit event. When a business is owned permanently, decisions are made to optimize for the long-term health of the enterprise — which means investing in the workforce, the equipment, the relationships, and the quality of service that builds a durable institution.
The communities we serve did not choose us. They chose the businesses we acquire, built over decades by founders who cared about the work. We carry that obligation forward — not as a marketing statement, but as the actual measure by which we assess whether our ownership has been good.
The Concentric Accountability
We are accountable to our capital partners for disciplined stewardship of the capital entrusted to us. That accountability shapes every acquisition and operational decision.
The business owners and advisors who trust us with acquisition opportunities deserve our full integrity — before, during, and after every transaction.
The management teams who partner with us deserve an owner who invests in their success and treats their institutional knowledge as the irreplaceable asset it is.
The patients, residents, and communities our businesses serve are the largest ring — and the ultimate measure of whether we have been good stewards of what we own.