Lightning Step Technologies Received Growth Investment From Gallant Capital Partners
Sellside Advisor to Lightning Step
7 Mile Advisors Announces Lightning Step Technologies Has Received A Significant Growth Investment From Gallant Capital Partners
The partnership will accelerate Lightning Step’s growth.
CHARLOTTE, NC – Lightning Step Technologies (“Lightning Step”), a rapidly-growing enterprise software provider for the behavioral health industry, announced it has received a significant growth investment from Gallant Capital Partners (“Gallant”), a Los Angeles-based investment firm. This partnership will help to expand Lightning Step’s team, accelerate its product roadmap, and make strategic acquisitions.
7 Mile Advisors acted as the exclusive sellside advisor to Lightning Step throughout the transaction.
“The market for best-in-class enterprise software serving healthcare specialty verticals is rapidly expanding and Gallant Capital’s investment in Lightning Step exemplifies the robust investor interest in this sector. Lightning Step is led by a stellar team of industry veterans. It was a pleasure working with them and leveraging our deep expertise in Healthcare Information Technology and Services to secure the right investment partner to support their continued growth,” said Ben Garber, Vice President and Healthcare Practice Lead at 7 Mile Advisors.
Gallant’s investment, augmented with its operational resources, will serve as a catalyst to propel Lightning Step into the leading EMR provider to the behavioral health industry,” said Kirk Monroe, CEO of Lightning Step. “We have been thoroughly impressed with the Gallant team and we are excited for what lies ahead for Lightning Step’s team, product, and customers.”
“Lightning Step has built a great mission-critical product for its customers, driven by a relentless focus on customer experience and a deep understanding of the behavioral health industry’s pain points,” added Jon Gimbel, Partner at Gallant. “We believe the entire industry would benefit from using Lightning Step’s purpose-built, all-in-one technology solution. We are thrilled to be in partnership with the entire Lightning Step team and look forward to contributing to the company’s continued growth.”
7 Mile Advisors is a leading investment bank serving clients across the tech-enabled business services spectrum. The industry-focused team regularly publishes research on M&A trends, including quarterly market reports and podcasts with notable industry veterans. For more information on 7 Mile Advisors, or to see other recent transactions, visit www.7mileadvisors.com.
ABOUT 7 MILE ADVISORS
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
ABOUT LIGHTNING STEP TECHNOLOGIES
Founded by former operators, Lightning Step offers an all-in-one software platform including electronic medical records, revenue cycle management, and customer relationship management technology. Since its founding in 2016, Lightning Step has grown organically and through the acquisitions of Ava Billing, a specialized revenue cycle management provider focused on the behavioral health industry, and ZenCharts, a cloud-based electronic medical records software provider for behavioral health providers. Lightning Step is committed to helping its hundreds of customers reduce overhead, manage admissions, and improve billing and collections to allow providers to focus on what matters – providing quality care to its patients. For more information, please visit: www.lightningstep.com.
ABOUT GALLANT CAPITAL PARTNERS
Gallant Capital Partners is a private equity firm that invests in technology, business services, and industrial companies. Gallant executes on an operationally focused investment strategy with a priority on partnering closely with companies that can benefit from its extensive industry relationships and operating expertise. The firm partners with owners, founders, and management teams to maximize value and drive long-term, sustainable growth for its portfolio companies. Gallant was founded in 2018 and is headquartered in Los Angeles. For more information, please visit: www.gallantcapital.com.