Transaction Structure
Primary focus on control investments, with a willingness to execute minority investments when they are strategically complementary.
Capital & partnerships
Merchant Investment
Selective investments, co-investments and strategic partnerships, informed by financial discipline and operating experience.
Two complementary activities
A focused approach to building value.
Platform Operations combines active ownership with organic growth, operational improvement and complementary acquisitions. Merchant Investment provides a way to support emerging businesses, develop relationships and explore opportunities for future platform development.
Investment criteria
Our target investment profile
Financial Profile & Value
Strong emphasis on EBITDA-generating businesses where we can apply value-investing principles to unlock clear opportunities for growth.
Partnership Model
Dedicated to backing passionate founders and mission-driven management teams.
Deal Size
Typically, enterprise values and transaction sizes under $50 million.
Geography
Currently focused on the United States, with selective consideration for foreign acquisitions if they complement a U.S. partner or platform and advance U.S. national security interests.
Opportunity inquiries
Bring us your
next opportunity.
Tell us about your business, the opportunity you’re considering and how to reach you. A pitch deck helps our team prepare for a conversation.
We welcome discussions with business owners, management teams and partners working in critical technologies.
Lynch Capital International
Capital with a long-term perspective.
Lynch Capital International supports LGL’s Merchant Investment activity. Through selective minority investments, co-investments and strategic partnerships, LGL seeks to develop value and establish relationships that can support future growth.
Our approach brings together financial discipline, operating experience and an interest in businesses with enduring technical capabilities.
From our history · Mtron
A business developed.
A new chapter shared.
LGL helped develop the precision-electronics capabilities of M-tron Industries, Inc. (“Mtron”) over decades, then distributed the business to shareholders as an independent public company in 2022. Explore the operating story, the one-for-two distribution and Mtron’s subsequent performance.
Mtron has operated independently since October 7, 2022. LGL retained no equity interest after the spin-off.
Historical case study · Independent since 1999
An earlier chapter in shareholder ownership.
In 1999, Lynch Corporation, LGL’s predecessor, distributed Lynch Interactive—now LICT—to shareholders, following a decade of rural telephone acquisitions. The transaction gave investors direct ownership in two distinct businesses. Explore the original separation and the later development of LICT as an independent company.
Merchant Investment history
LGL Systems Acquisition Corp. · Nasdaq IPO celebration · Former ticker: DFNS
A chapter in our investment history · 2019–2021
Capital, partnerships
& opportunity.
In 2019, LGL invested in LGL Systems Acquisition Holding Company, LLC, the sponsor of LGL Systems Acquisition Corp. (DFNS). The acquisition vehicle completed a $172.5 million IPO that November and successfully completed its de-SPAC transaction in August 2021.
Announced in March 2021, the transaction implied approximately $1.2 billion of pro forma equity value for the combined company. Today, LGL’s Merchant Investment activity continues to support selective investments, co-investments and strategic partnerships.
Historical transaction. Valuation represents the announced combined-company equity value at $10 per share and assumes no SPAC investor redemptions.