Lullwater & Co. is a purpose-driven private investment firm committed to building enduring partnerships with the next generation of business leaders. We specialize in supporting talented operators pursuing entrepreneurship through acquisition (ETA), as well as legacy-minded owners seeking a thou…
Lullwater & Co. is a purpose-driven private investment firm committed to building enduring partnerships with the next generation of business leaders. We specialize in supporting talented operators pursuing entrepreneurship through acquisition (ETA), as well as legacy-minded owners seeking a thoughtful and values-aligned transition of their businesses.
Our approach is grounded in operational empathy, long-term vision, and a deep respect for the entrepreneurial journey. With roots in both principal investing and company building, we bring more than capital — we deliver a strategic, hands-on partnership that empowers growth while honoring legacy.
Lullwater targets lower middle market businesses across fragmented sectors with resilient, recurring revenue models. We focus on high-integrity companies within Outsourced Healthcare Services, Testing, Inspection, Compliance, and Certification (TICC), and other essential business services where quality, compliance, and customer trust drive value creation.
What distinguishes us is our conviction in people — we back exceptional individuals and help them grow into transformational leaders. We believe that lasting success comes from aligning incentives, nurturing culture, and delivering measurable impact for all stakeholders.
Lullwater & Co. is not just investing in businesses — we’re investing in the future stewards of American enterprise.
Team (3)
Recent Transactions (9)
Lullwater & Co.
Health Care Services
acquired
Radon Medical Imaging
June 2023
Lullwater & Co.
Health and Personal Care Stores, Health Care Services, Hospitals, Medical, Dental, and Hospital Equipment and Supplies Distributors (Wholesalers)
acquired
Inspire Horizons
January 2023
Lullwater & Co.
All Other Information Services, Business Support Services, Employment Services, Office Administrative Services, Services to Buildings and Dwellings, Software and Online Services, Waste Management and Remediation Services
acquired
B2B Reviews
June 2022
Lullwater & Co.
Health Care Services
acquired
PalCare
June 2021
Lullwater & Co.
Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing, Regulation and Administration of Transportation Programs, Transportation, Transportation Infrastructure Services
acquired
AQC Traffic Control
June 2021
Lullwater & Co.
Services to Buildings and Dwellings
acquired
Mosquito Shield
February 2021
Lullwater & Co.
Business Support Services, Government Facilities Services, Health Care Services, Investigation and Security Services, IT Services, Office Administrative Services, Other Support Services, Software and Online Services, Software application maintenance services
acquired
Destroy Drive Onsite Data Destruction
June 2020
Lullwater & Co.
Health Care Services, Hospitals, Medical, Dental, and Hospital Equipment and Supplies Distributors (Wholesalers)
acquired
Vital Care Industries
May 2020
Lullwater & Co.
Health Care Services
acquired
APEX Physics Partners
April 2019
Sectors Lullwater & Co. serves:
Technology
Business Services
Distribution
Health Care
Retail
Industrials
Materials
Energy & Utilities
Financial Services
Media
Real Estate
Consumer Services
Life Sciences
Manufacturing
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