Aug. 17, 2022: J.F. Lehman & Company Exits Lone Star Disposal

Read the top headlines from Wednesday, August 17, 2022 below:

Riverside Partners PortCo Makes Cybersecurity Acquisition

Private equity firm Riverside Partners announced in a press release that its portfolio company, Convergence Networks, has acquired SWAT Systems. Convergence Networks provides managed IT and cybersecurity services, while SWAT Systems offers managed IT, cybersecurity and communication solutions. In a statement, Riverside Partners general partner David Del Papa noted that Seattle, where SWAT Systems is based, is a top market for the firm’s expansion, adding, “the combined company will be able to continue to differentiate itself as an organization that focuses on providing strategy, security and support for its clients’ technology challenges today and tomorrow.”

Related content: Operational Excellence Series Pt. 1: Closing Cybersecurity Gaps

J.F. Lehman & Company Exits Lone Star Disposal

Middle-market private equity firm J.F. Lehman & Company (JFLCO) has exited Lone Star Disposal, a company that provides construction and demolition, as well as municipal solid waste disposal. Waste Connections has acquired the business, though financial terms of the transaction were not made public. JFLCO first acquired the company in 2019, and its sale of Lone Star “represents an excellent outcome” for the firm’s investors, stated JFLCO partner and Lone Star chairman Glenn Shor.

Crestview Invests in Broadband Distribution Business

Private equity firm Crestview Partners said in a recent press release that it has invested in broadband distributor Digicomm International. The business provides equipment and services for the broadband sector, including vendor-managed inventory and engineering services. The backing from Crestview will help Digitcomm scale via “organic investments and M&A” according to the private equity firm’s co-president and head of media Brian Cassidy, who added that the business will introduce new product and service offerings.