Beginning to See the Light

A year of momentum and milestones with LLR juggling lots of balls … we love the challenge.
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We Grow Companies Every Day.
2024 Highlights.
Highlights
Increased exit activity, multiple investments and LLR’s 25th anniversary.

Over the years, we’ve partnered with 100+ companies and have grown our firm to over 100 people.

Thank you to our portfolio companies, investors, network and the LLR team for your collaboration and trust. We have grown for 25 years ... and we’re just getting started.
25+
years of LLR creating value through partnership with growth companies
6
portfolio company exits
21
add-on acquisitions by LLR’s portfolio companies
3
new investments to kick off LLR 7
13
new hires
13
promotions - we are not superstitious!
Investment Activity.
Investments
Healthcare cost containment for small and medium-sized employers
Why LLR is Excited About the Employer-Sponsored Healthcare Sector

“Despite the continued rise in healthcare costs, small and medium-sized employers have had limited access to healthcare cost containment solutions. As a result, we believe there is an increasing need for innovative technology-enabled solutions that lower healthcare costs while catering to the unique needs of these employers and their employees.”

Peter Schwartz
Vice President
RIA to individual clients and institutional retirement plans
Why LLR is Excited About the RIA Sector

“The RIA industry is at an inflection point, allowing firms like Soltis to accelerate growth organically and through acquisitions. Soltis is a unique RIA platform with a highly talented team that we believe is well positioned to capitalize on industry tailwinds favoring the independent RIA.”

Sam Ryder
Principal
Property management software for single-family rental (SFR) landlords
Why LLR is Excited About the Property Management Sector

“Independent landlords are one of the last real estate markets with a significant opportunity for technology adoption. We believe TurboTenant’s brand, management team and business model position the Company to lead the market it serves.”

Cheng Li
Principal
Exits
Acquired by The Bank of New York Mellon
LLR’s ownership acquired by an investment firm
Acquired by TA Associates (LLR remains a minority shareholder)
Acquired by a private equity firm
Investment from New Mountain Capital (LLR remains a minority shareholder)
Acquired by GardaWorld
Portfolio Company Add-On Acquisitions
Acquired Edge360
Acquired STI Computer Services
Acquired OnSite Care
Acquired SONA and Precision Payments
Acquired Time To Pet
Acquired two eye care practices
Acquired Temeda
Merged with Connatix
Acquired BDES
Acquired Omniboom
Acquired JustPark
Acquired four dermatology practices
Acquired Bulbshare
Acquired Paradigm Search
Acquired REI Hub
Merged with Submittable
Value Creation Collaboration.

LLR’s Value Creation Team hosted several programs for our portfolio companies:

Leading with AI

Three-part series to share AI integration strategies and equip our companies with tools and knowledge to help drive value and foster innovation –

  • Leveraging AI for Private Equity Portfolio Companies
  • Roundtable: Opportunities, Applications and Challenges
  • Beyond the Buzz: AI Security Unpacked
New Leader Academy

125 individuals across 34 portfolio companies participated in a six-month development program to learn and apply new skills, including –

  • LinkedIn Coursework on Communication, Delegation and Feedback
  • Working Sessions on Effective Team Management and Self Awareness
  • Capstone Project in Cross-Functional Teams
arrowWays to Support Emerging Talent and Employee Development
Product Learning Network

Ben Johnson, LLR’s Head of Product Excellence, hosted monthly sessions with portfolio product teams covering the following, among others –

  • Foundational Planning for Product Leadership
  • Driving Success Through Market Insights and Alignment
  • Customer-Centric Innovation
arrowImpact of Launching a Product Win/Loss Interview Program
LLR’s Areas of Interest

LLR invests in those industry sectors where our 25+ years of experience indicates there are attractive business models and market trends that support strong growth potential. Several of the sectors in which we are seeking investment opportunities:

VIEW THE AREAS
Healthcare Education HR Tech FinTech Industrial Tech Software View our Areas of Interest
Read how LLR works with management teams to help support their growth objectives:
arrowGrowthBits Gathered in 2024
LLR in the Community and Beyond.
ACHIEVEability Backpack Drive
Summer Analyst Program
Philabundance Food Drive
Annual Phillies Game
CHOP Spin In
Women of LLR Speaker Series
Harlem Lacrosse Play Day
MLK Day of Service
Horizons Greater Philadelphia
Promotions.

Congratulations to the 13 individuals who earned promotions.

Liz Collins
Director, Human Capital
Catie Fitzpatrick
Associate, Market Development
Will Greenberg
Associate, Healthcare
Kelsey Hahn
Senior Associate, Industrial Tech
David Hessert
Vice President, FinTech
Katie Lankalis
Principal, Industrial Tech
Matt Lowell
Chief Operating Officer
Wes Middleton
Senior Associate, Education
Jen Muller
Director, Human Capital
Nolan Panepinto
Senior Associate, Go-to-Market
Tom Reinhart
Associate, Market Development
Jacob Shiff
Associate, Market Development
Tyler Wincig
Senior Associate, Healthcare
New Hires.
We welcomed 13 teammates to the LLR family in 2024.
Adam Aribi
Analyst, Software
Grace Cleland
Senior Associate, Operations
Julian Gary
Analyst, FinTech
Joseph Kopp
Senior Associate, Solutions
Kurt Levin
Director, Revenue Operations
Jack McAdoo
Analyst, Market Development
Nikhil Patel
Analyst, Education
John Purakal
Analyst, Industrial Tech
Ben Raeder
Senior Associate, FP&A
Will Schaffer
Senior Associate, FinTech
Matt Teachout
Senior Director, Value Creation
Anna Valko
Analyst, Market Development
Will Vespole
Associate, Software
What's Next.

In 2025, our focus will be on partnering with our portfolio companies to identify growth opportunities and improve operations. Stay connected with LLR and our companies throughout the year –

Partners.