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Seacoast Capital Invests Non-Control Growth Capital In Lone Star Overnight

Dec 01, 2021•over 3 years ago
Boston

Description

Seacoast Capital ("Seacoast"), a lower middle market non-control growth capital investor, announced today its investment in Lone Star Overnight ("LSO" "Lone Star" or "the Company"). Seacoast invested $20 million in subordinated debt and preferred equity in LSO to buyout a minority shareholder, refinance a portion of its current indebtedness, and support the near-term growth of the business.

Company Information

Company

Lone Star

Location

Boston, Massachusetts, United States

About

Since its inception, Seacoast has managed over $600 million of capital, which the firm has invested in 82 non-controlling transactions. Now managing its fourth fund, Seacoast Capital Partners IV, L.P., the firm continues to actively seek new investment opportunities.