Mergers & Acquisitions
10 November 2021
Lincolnshire Invests in CrossCom National
Lincolnshire Management, Inc., a private equity firm focused on investing in growing middle market firms, has completed an investment in CrossCom National, LLC, a provider of IT services to North American customers in retail, automotive, grocery, hospitality and restaurant industries.
CrossCom will continue to operate as an independent business under existing management and leadership. The firm provides IT infrastructure services and end user support services across the technology asset lifecycle. Its customer base consists of multi-site national retail chains, grocers, pharmacies and auto aftermarket chains.
Lincolnshire Management additionally acquired Powerhouse and Security Vault Works in 2019 and Dentco in 2021 as part of their strategy to build a platform providing maintenance services to a roster of blue-chip customers.
“CrossCom’s business model gives them a unique ability to quickly respond and efficiently service their national accounts as they are able to reach 100% of customer sites for same-day maintenance needs,” said Tad Nedeau, a director at Lincolnshire Management.
Metronome Partners LLC was the exclusive financial advisor to CrossCom. The transaction was financed by GarMark Partners, LBC Credit Partners and Fifth Third Bank. Greenberg Traurig, LLP provided legal advice to Lincolnshire Management