Firm at a glance
LightBay Capital is a platform private equity firm headquartered in Los Angeles, CA, per its own website [S1].
What they buy
Based on publicly disclosed transactions, LightBay Capital appears to pursue platform investments across healthcare, consumer, and business services sectors [S2][S3][S4]. The firm’s recent activity suggests a focus on established brands with national or multi-location footprints, including fitness concepts and technology-enabled service businesses. Observed investments span both consumer-facing brands and B2B technology platforms, indicating a diversified sector approach rather than vertical specialization.
Portfolio
Public sources identify the following platform investments:
**Consumer & Fitness**
– Barry’s Bootcamp (acquired January 2025) [S3]
– Awayday (acquired May 2025, co-investment with Ares Management) [S2]
**Business Services & Technology**
– Centre Technologies (acquired June 2026) [S4]
Recent activity (last 24 months)
– **June 2026**: Acquired Centre Technologies [S4]
– **May 2025**: Acquired Awayday alongside Ares Management [S2]
– **January 2025**: Acquired Barry’s Bootcamp [S3]
How this firm fits a seller
LightBay Capital demonstrates an active acquisition pace with three platform transactions completed within an 18-month window, suggesting ongoing deployment capacity. The firm’s willingness to partner with larger institutional investors, as evidenced by the Awayday co-investment with Ares Management, may indicate access to flexible capital structures for larger or more complex deals [S2]. For owner-operators in the consumer services or business services sectors, particularly those with established brand recognition or multi-location operations, LightBay’s recent transaction history suggests potential alignment. The firm’s Los Angeles headquarters may provide particular relevance for West Coast-based businesses, though its portfolio appears geographically diverse.
Sources
[S1] https://www.lightbay.com (as of 2026-06-24)
[S2] https://www.businesswire.com/news/home/20250506850550/en/Awayday-Announces-Strategic-Investment-by-Ares-Management-and-LightBay-Capital (as of 2025-05-06)
[S3] https://www.nbcphiladelphia.com/news/business/money-report/barrys-bootcamp-announces-new-investment-as-others-exit-boutique-fitness-category/4076587/ (as of 2025-01)
[S4] https://www.lightbay.com/news/ (as of 2026-06)
Frequently asked questions
Does LightBay Capital buy consumer businesses?
Yes, approximately half of LightBay Capital’s publicly disclosed transactions over the past 24 months involved consumer-facing businesses, including the January 2025 acquisition of Barry’s Bootcamp and the May 2025 investment in Awayday [S2][S3]. The firm appears open to both direct-to-consumer brands and consumer services concepts.
What companies has LightBay Capital acquired recently?
LightBay Capital’s most recent publicly disclosed acquisitions include Centre Technologies in June 2026, Awayday in May 2025 (a co-investment with Ares Management), and Barry’s Bootcamp in January 2025 [S2][S3][S4].
Where is LightBay Capital based and how big is the firm?
LightBay Capital is based in Los Angeles, CA, with one office location reported as of mid-2026 [S1]. Fund size, assets under management, and team size were not publicly disclosed in available sources as of the dates cited.
Is LightBay Capital still actively acquiring?
Yes, LightBay Capital completed its most recent publicly disclosed acquisition in June 2026 with the purchase of Centre Technologies, indicating active investment activity [S4]. The firm completed three platform acquisitions within the trailing 18-month period, suggesting ongoing deal flow.
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.