WESTPORT, Conn., June 20, 2024 /PRNewswire/ -- Balance Point
Capital Advisors, LLC ("Balance Point"), in conjunction with its
affiliated fund, Balance Point Capital Partners V, L.P., is pleased
to announce its investment in Lightbridge Academy ("Lightbridge",
or the "Company"), a portfolio company of private investment firms
Westerly Group and Elmsley Capital. Continuing its position as a
provider of flexible capital to the lower middle market, Balance
Point arranged debt financing to support new location development
and various growth initiatives.
Lightbridge is an early education provider in the U.S., with a
premium offering focused along the East Coast. The Company has a
strong foothold in the Northeast that has been built out over
Lightbridge's 27-year history, with recent further geographic
expansion into attractive Southeastern markets.
"Balance Point is excited to support Lightbridge's continued
growth. We are excited to see the next phase of expansion and are
thrilled to have crafted a bespoke credit solution to meet the
Company's capital needs," said Balance Point Managing Partner Seth
Alvord.
Gigi Schweikert, CEO of
Lightbridge, said "Balance Point is a valuable financing partner
that worked expeditiously and diligently to understand our growth
plans and the opportunity at hand. We look forward to partnering
with them as we continue to build the Lightbridge brand."
"We are thrilled to work with Balance Point again and look
forward to a productive partnership in support of the Company,"
added Ross Brendel, Managing Partner
at Westerly Group.
About Balance Point
Balance Point is an alternative investment manager focused on
the lower middle market. With approximately $2.1 billion in assets under management, Balance
Point invests debt and equity capital in select lower middle market
companies across a variety of investment vehicles. Balance Point
takes a long-term, partnership approach to investing and is
committed to building lasting relationships with its partners,
management teams and intermediaries.
Balance Point is a registered investment advisor. Further
information is available at www.balancepointcapital.com.
About Lightbridge Academy
Lightbridge Academy provides early childhood education to
children ages six weeks through kindergarten, as well as special
programming for children up to 10 years old. The Company is both a
franchisor and operator of early childhood education centers, with
over 75 locations across the U.S.
For more information: www.lightbridgeacademy.com.
CONTACT:
Adam H. Sauerteig
Office: 203-652-8555
asauerteig@balancepointcapital.com
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SOURCE Balance Point Capital