Lead Capital Partners has sold ApolloLIMS to CliniSys. No financial terms were disclosed. Nashville-baesd ApolloLIMS is a provider of enterprise-level LIMS software.
Nashville, Tenn., May 10, 2022 – Lead Capital Partners (“LCP”), a Nashville-based private equity firm focused on lower middle market buyouts of healthcare companies, announced today that it has sold Common Cents Systems, Inc. (dba “ApolloLIMS”), (“Apollo”) to CliniSys Group (“CliniSys”), a subsidiary of Roper Technologies, Inc. (NYSE: ROP), (“Roper”). Terms of the transaction were not disclosed.
Founded in 1994 as a technology consulting company, ApolloLIMS today provides enterprise-level LIMS software, offering a comprehensive, configurable platform to streamline lab operations. ApolloLIMS serves a wide range of laboratory end markets including toxicology, molecular, public health, and full-service reference labs utilized by providers. The company is headquartered in Nashville, TN.
“Apollo remains one of the premier lab information management tools available to the market today,” said Daniel Hart, CEO of ApolloLIMS. “Our relationship with LCP gave us the runway and resources to grow our product and service offering. LCP’s unwavering support and guidance on our growth and investment initiatives are what made this such an incredibly successful partnership.”
Pryor Smartt, Managing Partner at Lead Capital Partners, added, “We thoroughly enjoyed our partnership with Daniel, Rob Ringenberg, and the entire ApolloLIMS team. This was an excellent investment for LCP, and we are confident that ApolloLIMS will add value to Clinisys’ LIMS business.”
Silvermark Partners LLC served as financial adviser to ApolloLIMS, and Hughey Business Law, PLLC served as legal counsel.
About Lead Capital Partners
Lead Capital Partners is a private investment firm focused exclusively on healthcare companies in the lower middle market. LCP acquires majority ownership positions in founder-owned businesses providing those companies with a unique combination of capital resources, operating experience, and a long-term investment horizon. LCP is based in Nashville, Tennessee. For more information, please visit www.leadcp.com.
ApolloLIMS, based in Nashville, Tennessee, provides enterprise-level LIMS software, offering a comprehensive, configurable platform to streamline lab operations. The company serves a wide range of laboratory end markets, including toxicology, molecular, public health, and full-service reference labs utilized by providers. For more information, please visit www.apollolims.com.