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M&A strategy is about knowing what makes your business successful today and what you can add to make it even better in the future. What is the growth story you want to tell?
Geoff Baird
Senior Managing Director, Value Creation 
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Top Line Stats
106
Total Investments since 1999 42
Active Portfolio Companies Today 8
New Investments in 2019 5
Exits Closed in 2019 22
Portfolio Add-Ons in 2019 10,000+
People Employed by Active Portfolio Companies 
Learn.
Now in its fourth year, GrowthBits codifies why and how growth happens so that any business leader may benefit from these timely peer insights. Thank you to our portfolio companies, network and the LLR team for working with us to create 21 new GrowthBits in 2019. Here are some of the highlights.
20ᵗʰ Anniversary.
In honor of LLR's 20th Anniversary, we collected leadership lessons from the CEOs of our portfolio companies, past and present. Click below to read their best insights.
What do CEOs read for inspiration?
Find out which business and leadership books helped our CEOs build great businesses.
View GrowthBit
#2020readinglist
#growthmindset
New Team Members.
The LLR team grew in 2019 with 16 new members across all parts of the firm, from our Origination and Investment Teams to Value Creation, Finance and Administration. Welcome aboard!
Sam Baughan
Strategic Marketing Associate 
Julia Blake
Market Development Analyst 
Austin Burt
Investment Team Analyst 
Sarah Coyne
Market Development Analyst 
Oksana Kats
Senior Fund Accountant 
Shonte Kennedy
Receptionist 
Jake Kraus
Market Development Analyst 
Josh Loftus
General Counsel 
Matt Lowell
Director, Strategy & Operations 
Eddie McCann
Investment Team Analyst 
Jim Murphy
Managing Director, Strategic Finance 
Phuong Nguyen
Staff Accountant 
Yosief Woldegebriel
Staff Accountant 
Rachel Wolfson
Market Development Analyst 
Michael Zabin
Investment Team Analyst 
Team Member Promotions.
Congratulations to the LLR team members who were promoted as we head into 2020.
New Partner Promotions
Sasank Aleti
Partner 
Mike Levenberg
Partner New Team Member Promotions
Lauren Apuzzi
Talent Research Associate Michael Ballard
Senior Associate Ian Campbell
Associate Connor Crump
Associate PJ Cusack
Associate 
Ryan Goldenberg
Principal Sean Hartman
Market Development Associate 
Dan Irwin
Vice President 
Tim Keebler
Vice President Tim Mounsey
Market Development Associate Kyle Nowelski
Assocate 
Michael Pantilione
Principal 
Brian Radic
Principal 
Pete Schwartz
Senior Associate Connor Shaw
Associate 
Zack Sigal
Principal 
Sean Sy
Senior Associate 
Network.
LLR’s network of Senior Operating Advisors and Executives-in-Residence continued to grow in 2019.
* Senior Operating Advisors are consultants engaged by LLR. Executives-in-Residence are engaged and dedicated to a specific LLR fund as noted.
Mary Ann Christopher
Senior Operating Advisor,
Healthcare 
Colin Drozdowski
Senior Operating Advisor,
Healthcare 
Patrick Foley
Senior Operating Advisor,
Healthcare 
Steve Hodownes
Senior Operating Advisor 
Greg Spurlock
Executive-in-Residence,
Healthcare, LLR Equity Partners 5, L.P. 
Collaborate.
In 2019, our Collaborate series of live and digital forums gave more than 150 portfolio company leaders, industry executives, and growth experts the opportunity to connect with peers and share knowledge.
CEOs gained both inspiration and practical advice for growing their businesses from:- John Cunningham, Columbia University, on AI in the Enterprise: Hype vs. Value
- Chaim Indig, CEO of Phreesia, on managing your growth, talent and mission on the road to an IPO
- 1:1 peer networking over current technology-oriented growth challenges
Attendees exchanged case studies and best practices for enhancing sales and marketing productivity:- Aligning teams with market segmentation and clean data
- SDR resource planning and channel sales strategies
- Rethinking content experiences and lead qualification frameworks
Finance leaders shared dialogue with HR execs on elevating talent and then tackled:- Integration of people and process following acquisitions
- Cyber security risks and assessments
- Exit planning from pre-marketing to closing
HR leaders collaborated with CFOs on elevating talent and also addressed:- HR metrics for building a better workplace
- Employee engagement and culture
- HR roadmaps for supporting growth
New Platform Investments.
Technology-driven employee population health management solutions
Warehouse, cargo and supply chain management software solutions
HR technology platform to automate selection and administration of voluntary benefits
Workplace technology solutions that drive employee engagement, communication and productivity
Integrated business management software and payment processing for the salon, spa, pet care and tattoo industries
Personalized mobile customer engagement solutions for the enterprise
Interactive Response Technology (IRT) for clinical trial randomization and drug supply chain management
Global traceability solutions for field equipment and vehicles for oil & gas and other industrial end-markets
Portfolio Add-On Acquisitions.
Acquired Preparis
Acquired RS2 Technologies
Acquired Business Automation Services (BAS) and Logics
Acquired RazorSync, Tandem Innovative Payment Solutions and Elmhurst Financial Services
Acquired Carolinas Centers for Sight and Donelson Eye Associates
Acquired Virtual Forge
Acquired Aspire Financial Services
Acquired Online School Management System (OSMS)
Acquired Advanced Patient Advocacy (APA)
Acquired eDataSource
Acquired CovertTrack
Acquired 7 dermatology practices
Exits.
Orbis Education acquired by Grand Canyon Education
BluVector acquired by Comcast
CollabNet VersionOne acquired by TPG
Majority stake of LEARN Behavioral acquired by Gryphon Investors
eLocal acquired by HomeServe PLC
IPOs.
Phreesia launched Initial Public Offering of Common Stock (NYSE: PHR)
Milestones.
In addition to celebrating our 20th Anniversary, LLR experienced many other exciting moments in 2019.
A complete office renovation brought new features and collaboration opportunities to LLR's Philadelphia headquarters.
What’s Next?
By now, you know to expect more investment activity and great content from LLR in 2020. Also, look for:
2020 LLR Growth Guide and new GrowthBits
New insights from our portfolio leaders and network on Innovation, Customer Success, Healthcare and more.
Read the 2019 LLR Growth Guide for all the latest insights in one downloadable eBook.
Reconnect with LLR Partners
We’re always excited to meet new companies, make new contacts, and reconnect with old ones.
Let’s talk about how we can work together in 2020.