High Ridge, MO, April 1, 2024 – D&S Car Wash Supply, Inc. (“D&S”), a portfolio company of Lometa Capital Partners, has acquired WashCard Systems, Inc. (“WashCard”).

Headquartered in Centerville, MN, WashCard is an industry leader in payment hardware and software technology for the in-bay car wash sector. WashCard loyalty software has created opportunities for owner-operators to build traffic, repeat customers, average transaction size, and profitability – all while offering insights into their businesses and customer bases. The company has continued to grow and evolve through changing economic conditions and shifting technologies, including the adoption of tap-based payment methods, QR codes, and the development of a high-performance mobile app integrated with WashCard’s pay station hardware. To learn more about WashCard Systems, please visit www.washcard.com.

Yarusso, founder and owner of WashCard stated, “We’re looking forward to working with Tim Huntington and the D&S team to put WashCard payment system technologies, experience, capability to work for many more car wash owners across the United States and Canada.”

Yarusso added, “The newest payment technologies, like tap-to-pay and mobile apps, are dramatically enhancing both the consumer wash experience, and car wash operators’ sales and profitability. This partnership will allow us to bring better technology to more operators in more markets. That’s exciting.”

“We’re thrilled to bring WashCard Systems’ pioneering technology under the D&S brand as it complements our current cutting-edge solutions within the car wash industry” commented Tim Huntington, CEO of D&S. “By integrating the expertise of this leading innovator, we’re poised to drive innovation to new heights in the car wash industry.”

About Lometa Capital Partners:

Lometa Capital Partners is a multi-family office investing in strategically viable lower middle market companies in the business services and niche manufacturing and industrials sectors. Lometa is currently investing out of a $75 million perpetual-life fund with no predetermined timeframe to exit. Its Limited Partners are successful entrepreneurs and highly engaged to drive outcomes in the portfolio where they possess deep knowledge and experience. To learn more about Lometa, please visit www.lometacapital.com. 


About D&S Car Wash Supply

D&S Car Wash Supply is a manufacturer and supplier of brand-recognized car wash equipment, including in-bay automatic, self-serve, and truck wash systems, spare parts, auxiliary equipment, chemicals, and maintenance and install services. D&S’s line of IQ-branded systems are manufactured with the highest quality materials and feature proprietary, state-of-the-art technology that results in unparalleled wash quality and efficiency. D&S serves customers in the professional car wash, truck wash, convenience store, and auto dealership segments across the U.S. and Canada. To learn more about D&S, please visit www.dscarwash.com.

For more information, please contact:

Vince Smith
Partner
vince@lometacapital.com

Henderson, NV., March 18, 2024 – Lometa Capital Partners, a leading investment firm, is proud to announce its recent investment in Preferred Mortgage Services LLC (PMSI), a premier provider of loan accounting, investor reporting, and account reconciliation servicers renowned for its commitment to excellence and customer satisfaction.

Founded in 2000, PMSI’s best-in-class outsourcing services and technology platform provide mortgage services and MSR investors with a turnkey solution in the highly regulated investor reporting and accounting function. Lometa’s investment is expected to enable PMSI to accelerate growth and innovation.

“We are thrilled to announce our partnership with Preferred Mortgage Services LLC,” said Neal Jain, CEO of Lometa Capital Partners. “PMSI’s dedication to excellence aligns seamlessly with our investment philosophy, and we are confident that together, we will unlock new opportunities for growth, innovation, and success. PMSI’s outsourcing services and cloud-based technology platform, Q, meets the critical needs of mortgage servicers. We are eager to leverage our sector expertise to support PMSI as the company continues to revolutionize investor reporting and accounting through continued innovation.”

“We are excited to embark on this journey with Lometa Capital Partners,” said Romalene Tolentino and Dan Thompson, Managing Partners of PMSI. “Their investment not only validates our commitment to excellence but also provides us additional resources needed to propel our business to new heights. We look forward to leveraging this partnership to better serve our clients and drive value for all stakeholders.”

Additional financing for the transaction was provided by Byline Sponsor Finance and Aldine Capital. Squire Patton Boggs served as legal advisor and Keefe, Bruyette & Woods served as financial advisor to PMSI. Ice Miller LLP served as legal advisor to Lometa Capital Partners.

About Preferred Mortgage Services LLC (PMSI):

Preferred Mortgage Services LLC (PMSI) is a leading independent provider of mortgage servicing solutions for the financial industry, providing loan accounting, investor reporting, account reconciliation and other services to a wide spectrum of mortgage servicers. PMSI’s cloud-based exception management platform, Q, comprehensively supports investor reporting and accounting needs. For more information, visit PMSI’s website at www.pmsi.me.

About Lometa Capital Partners:

Lometa Capital Partners is a multi-family office investing in strategically viable middle-market companies in the software and business services sectors. Lometa is currently investing out of a perpetual-life fund with no predetermined timeframe to exit. Its Limited Partners are successful entrepreneurs and highly engaged to drive outcomes in the portfolio where they possess deep knowledge and experience. For more information, visit Lometa’s website at www.lometacapital.com.

For more information, please contact:

Neal Jain
CEO & Partner
neal@lometacapital.com

Los Angeles, CA., March 6, 2023 – Lometa Capital Partners (“Lometa”), a multi-family office focused on majority investments in lower middle market companies, in partnership with management and the Company’s junior debt provider, has acquired National Gym Supply, LLC (“NGS” or the “Company”). Headquartered in Los Angeles, CA, NGS is a leading supplier of OEM and direct-sourced replacement parts for fitness equipment in health clubs and fitness centers around the world. The Company also offers valueadd electronics repair and parts exchange services and builds custom strength equipment cables for its customers. NGS operates as a one-stop-shop for its customers’ aftermarket and after-warranty repair parts needs, offering a comprehensive and turn-key system for maintaining a diverse portfolio of commercial fitness equipment models that need to have aesthetic appeal and practical functionality at all times.

“We are honored that NGS chose Lometa as their partner to help accelerate and execute on its growth strategy to become the leading aftermarket repair parts distributor to the fitness industry in the United States,” said Jon Webster, President of NGS. “We are excited to partner with the founders, Jon Webster and Rob Jacobs, and appreciate the trust they have put in Lometa to be the right partner to build on the great foundation they have developed at NGS,” noted Vince Smith, Partner at Lometa.

The Company’s founders will stay in their current roles, with Jon Webster continuing to lead the business as President and Rob Jacobs participating on NGS’s Board of Directors. Lometa was supported in its acquisition of NGS with a senior debt facility provided by Sunflower Bank and a junior debt and equity investment from Aldine Capital Partners.

Acquisition Details
On February 27, 2023, Lometa Capital Fund LP, in partnership with management, Aldine Capital Partners, and certain outside investors, acquired the majority stake in NGS from Jon Webster and Rob Jacobs, the Company’s original founders. Jon and Rob will maintain a significant minority equity stake in the Company, with Jon remaining in his current role as President and Rob providing Board-level advisory. The acquisition is an ideal fit with Lometa’s strategy of investing in niche companies with differentiated products or service offerings, leading market shares, significant growth opportunities, and outstanding management teams. To learn more about NGS, please visit
www.gympart.com.

For more information, please contact:
Vince Smith
Partner
vince@lometacapital.com

West Lafayette, IN., March 6, 2022 – D&S Car Wash Supply (“D&S”), a portfolio company of Lometa Capital Partners, has acquired certain assets of Chapman’s Car Wash Sales (“CCWS”). Headquartered in West Lafayette, IN, CCWS was the exclusive distributor of Warsaw Chemical in Indiana and Michigan. CCWS has provided its customers with chemical supply and business advice for over 30 years. CCWS’s customers included neighborhood car washes, regional c-store chains, and commercial businesses, among others. The acquisition of CCWS will extend the reach of D&S’s direct sales arm, D&S Field Sales & Service “FSS, further north and provide another service hub from which to sell D&S’s broad suite of car wash products and services. Bill Hoaglin, President of FSS, said, “Through the acquisition of Chapman’s Car Wash Sales and partnership with Warsaw Chemical, D&S will be able to expand in an area that was largely unreached in previous years and uncover new growth potential.”

About Lometa Capital Partners
Lometa Capital Partners is a multi-family office investing in strategically viable lower-middle market companies in the business services and niche manufacturing and industrials sectors. Lometa is currently investing out of a $75 million perpetual-life fund with no predetermined timeframe to exit. Its Limited Partners are successful entrepreneurs and highly engaged to drive outcomes in the portfolio where they possess deep knowledge and experience. To learn more about Lometa, please visit www.lometacapital.com. About D&S Car Wash Supply D&S Car Wash Supply is a manufacturer and supplier of brand-recognized car wash equipment, including in-bay automatic, self-serve, and truck wash systems, spare parts, auxiliary equipment, chemicals, and maintenance and install services. D&S’s line of IQ-branded systems is manufactured with the highest quality materials and features proprietary, state-of-the-art technology that results in unparalleled wash quality and efficiency. D&S serves customers in the professional car wash, truck wash, convenience store, and auto dealership segments across the U.S. and Canada. To learn more about D&S, please visit 
www.lometacapital.com.

About D&S Car Wash Supply
D&S Car Wash Supply is a manufacturer and supplier of brand-recognized car wash equipment, including in-bay automatic, self-serve, and truck wash systems, spare parts, auxiliary equipment, chemicals, and maintenance and install services. D&S’s line of IQ-branded systems are manufactured with the highest quality materials and feature proprietary, state-of-the-art technology that results in unparalleled wash quality and efficiency. D&S serves customers in the professional car wash, truck wash, convenience store, and auto dealership segments across the U.S. and Canada. To learn more about D&S, please visit
www.dscarwash.com

For more information, please contact:
Vince Smith
Partner
vince@lometacapital.com

Indianapolis, IN., November 15, 2022 – Lometa Capital Partners (“Lometa”), a multi‐family office focused on control and non-control investments in lower middle market companies, has made a growth investment in Upper Hand, Inc.

Headquartered in Indianapolis, IN, Upper Hand is a subscription-based, B2B2C, software company operating in the $13.5B sports industry.  From local training facilities to national franchisors, Upper Hand’s integrated payments software and platform delivers digital transformation to sports training facilities via technology and business automation solutions.

Peter Barbaresi, who serves as Chairman of Upper Hand, stated, “With Lometa’s support along with the broader investor group, Upper Hand is poised to supercharge its growth even after achieving back‐to‐back years of record revenue.  In assessing the great potential around recently introduced products and services, we determined an injection of evergreen capital offered the best route to accelerate our go-to-market, as a means to better serve our customers, consumers and partners.”

Neal Jain, Partner & CEO of Lometa, commented, “Upper Hand is a leading SaaS platform in the sports training facility space and we are excited to partner with management for the next stage of growth.  We have a deep relationship with Upper Hand’s majority ownership group and believe their strategy and leadership will allow Upper Hand to further differentiate itself from its peers.”

Acquisition Details

On November 15, 2022, Lometa Capital Fund LP, in partnership with management and certain outside investors, made a growth investment in Upper Hand, Inc.  The capital will be used to support growth initiatives at the business.  The acquisition is an ideal fit with Lometa’s strategy of investing in niche companies with differentiated products, leading market shares, significant growth opportunities, and outstanding teams.  To learn more about Upper Hand, please visit https://upperhand.com.

About Lometa Capital Partners

Lometa Capital Partners is a multi-family office investing in strategically viable lower middle market companies in the business services and niche manufacturing and industrials sectors.  Lometa is currently investing out of a $75 million perpetual-life fund with no predetermined timeframe to exit.  Its Limited Partners are successful entrepreneurs and highly engaged to drive outcomes in the portfolio where they possess deep knowledge and experience. 

For more information please contact:

Neal Jain
CEO & Partner
neal@lometacapital.com

Miami Beach, FL., November 9, 2022 – Lometa Capital Partners (“Lometa”) is pleased to announce its minority equity investment in support of Blue Ridge Construction Capital LLC’s (“BRCC”) acquisition of Artistic Paver Manufacturing (“Artistic”).

Artistic, based in N. Miami Beach, FL, is a manufacturer of premium interlocking, decorative concrete pavers sold for outdoor living applications. The Company has manufacturing facilities in Miami and Phoenix and serves the fast-growing Southeastern and Southwestern geographic markets. The brand and product offering are widely respected by contractors and consumers, and the recent expansion in Miami positions the Company for tremendous growth.

Dan Essig, who founded Artistic in 2000 and served as President and CEO, will transition to a full-time advisor role and join the Board of Directors. Dan stated, “I am really proud of the successful 22-year history of Artistic and even more excited to partner with Blue Ridge to build the Company into a category leader.”

Lometa Partner Vince Smith commented, “Lometa has a deep relationship with BRCC dating back to 2019 and believes the combination of Artistic’s impressive financial profile and attractive geographic exposures along with the BRCC principals’ unique industry expertise presented a compelling investment opportunity for Lometa and its investors.”

About Lometa Capital Partners

Lometa Capital Partners is a multi-family office investing in strategically viable lower-middle market companies in the business services and niche manufacturing and industrial sectors. Lometa is currently investing out of a $75 million perpetual-life fund with no predetermined timeframe to exit. Its Limited Partners are successful entrepreneurs and highly engaged to drive outcomes in the portfolio where they possess deep knowledge and experience.

www.lometacapital.com

About Artistic Pavers Manufacturing
Artistic Pavers Manufacturing, Inc. is a premium paver manufacturer serving residential and commercial markets across Southeastern and Southwestern U.S. markets.
www.artisticpavers.com

For more information, please contact:
Vince Smith
Partner
vince@lometacapital.com

HIGH RIDGE, Mo., June 2, 2022 – D&S Car Wash Supply (“D&S”), a portfolio company of Lometa Capital Partners, has acquired D&S Car Wash Systems (“DSS”).

Headquartered in High Ridge, MO, DSS was the exclusive distributor of D&S’s brand-recognized, high-performance car wash systems including in-bay automatic, self-serve, and truck wash products, in the St. Louis MSA. In addition to selling equipment, DSS provided its customers with the day-to-day service required to keep a top-tier car wash in excellent working condition including new equipment install, maintenance, chemical supply, and business advice. DSS customers included neighborhood car washes, regional c-store chains, car dealerships, and car rental facilities, among others.

DSS will form the nucleus of D&S’ new Field Sales & Service division (“FSS”) which will focus on areas where historical distributor coverage has been non-existent or weak. FSS will strengthen D&S’ relationship with car wash owners by enabling seamless integration from new equipment sale to install, to chemical sales and maintenance, and full-circle back to equipment refurbishment. FSS will augment its organic growth with additional distributor acquisitions to further expand D&S’ reach.

Tim Huntington, CEO of D&S, said, “We are thrilled to expand our relationship with DSS and formally bring them onto our team after years of successfully working together at the distributor-level.”

Bill Hoaglin, former owner of DSS and President of FSS, remarked, “A combination of D&S and DSS creates an exciting value proposition for car wash owners which will separate FSS from its competitors in a rapidly changing marketplace.”

About Lometa Capital Partners

Lometa Capital Partners is a multi-family office investing in strategically viable lower middle market companies in the business services and niche manufacturing and industrials sectors. Lometa is currently investing out of a $75 million perpetual-life fund with no predetermined timeframe to exit. Its Limited Partners are successful entrepreneurs and highly engaged to drive outcomes in the portfolio where they possess deep knowledge and experience. To learn more about Lometa, please visit www.lometacapital.com.

About D&S Car Wash Supply

D&S Car Wash Supply is a manufacturer and supplier of brand‐recognized, car wash equipment including in‐bay automatic, self‐serve, and truck wash systems, spare parts, auxiliary equipment, chemicals, and maintenance and install services. D&S’s line of IQ‐branded systems are manufactured with the highest quality materials and feature proprietary, state‐of‐the‐art technology that result in unparalleled wash quality and efficiency. D&S serves customers in the professional car wash, truck wash, convenience store, and auto dealership segments across the U.S. and Canada. To learn more about D&S, please visit www.dscarwash.com.

For more information please contact:

Vince Smith
Partner
vince@lometacapital.com

HIGH RIDGE, MO., January 11, 2022 – Lometa Capital Partners (“Lometa”), a multi‐family office focused on majority investments in lower middle market companies, in partnership with management, has acquired D&S Car Wash Equipment Company and its subsidiaries (“D&S”).

Headquartered in High Ridge, MO, D&S is a manufacturer of brand‐recognized, high‐performance car wash systems including in‐bay automatic, self‐serve, and truck wash systems, as well as spare parts and other auxiliary equipment. D&S’s line of IQ‐branded systems are manufactured with the highest quality materials and feature proprietary,state‐of‐the‐art technology that result in unparalleled wash quality and efficiency.

“With Lometa’s support, D&S is poised to supercharge its growth even after achieving back‐to‐back years of record revenue,” commented Jon Jansky, the former owner and CEO of D&S. “In assessing the great potential around recently introduced products and segments, I determined an injection of new evergreen capital and energy from Lometa offered the best route to the continued growth and success for D&S and its many stakeholders.”

Vince Smith, a Partner of Lometa, commented, “We are grateful that Jon sought to partner with Lometa for D&S’s next stage of growth. We look forward to leveraging the foundation Jon and his team built to rapidly expand the business, while maintaining our focus on the innovation, quality, and customer service that have made D&S a leader in the car wash supply space since 1972.”

Acquisition Details

On December 31, 2021, Lometa Capital Fund LP, in partnership with management and certain outside investors, acquired D&S from Jon Jansky, Jerry Canfield, and two other partners. Jon and Jerry will maintain a significant minority equity stake in the Company with Jerry remaining in his current role as Chief Innovation Officer and Jon transitioning to Board‐level advisory. Current COO, Tim Huntington, has been named CEO and will lead D&S moving forward. The acquisition is an ideal fit with Lometa’s strategy of investing in niche companies with differentiated products, leading market shares, significant growth opportunities, and outstanding teams. To learn more about D&S, please visit www.dscarwash.com.

For more information please contact:

Vince Smith
Partner
vince@lometacapital.com

LONG BEACH, CA, November 10, 2020 – Applied Business Software, Inc. (“ABS”), the leading provider of loan servicing software to the private lending industry, today announced the closing of a strategic growth investment from Lometa Capital Partners (“Lometa”).  Lometa’s investment, made alongside a significant investment from existing management and ownership, will allow ABS to accelerate the development of its web-based platform, expand its development team and extend its recent momentum in markets adjacent to ABS’ historical mortgage core. 

“We could not be more excited to partner with Lometa. In selecting a partner to invest alongside our long-tenured and tight-knit team, cultural fit was a primary focus.  Lometa’s unique fund model and approach to investing was a perfect fit for our family-run business.  Lometa and its partners have the experience and resources to accelerate ABS’ growth into adjacent markets,” said Carlos Nodarse, CEO of Applied Business Software.  “The closing of this transaction represents the beginning of the next chapter in our journey as we work towards automating everything for the private lending industry.”

Founded in 1978, ABS provides loan servicing and origination software globally for private lending institutions, non-profits, municipalities, fund administrators, franchisors and many other businesses.  Over 1,000 customers use ABS’ comprehensive suite of loan servicing products and add-on modules to automate the loan servicing process and scale their loan portfolios.

“We are grateful that the ABS management team chose to partner with Lometa for their next stage of growth.  We look forward to expanding the business while continuing to focus on the quality and customer service that has been a trademark of ABS,” said Neal Jain, a Managing Partner at Lometa.  “Our partnership will accelerate ABS’ recent momentum as it innovates on behalf of lenders with the ultimate goal of helping customers achieve automation, scalability and success in their business.”

Tom Friel, a Managing Partner at Lometa, added, “We have long been impressed with ABS’s unique position as the leader in core operating software for private lenders.  Jerry & Eddy Delgado along with the rest of the long-tenured ABS “family” have built a world-class business.  ABS’ exceptional products and deep commitment to customer service have allowed ABS to maintain the preeminent position in an industry undergoing extensive digital transformation.  Lometa’s investment in ABS is both the culmination of many years of hard work and the beginning of a new phase of growth.”

In closing the transaction, Lometa was supported by Aldine Capital, Quabbin Capital and Byline Bank.  The Lometa team responsible for closing the transaction was: Neal Jain, Tom Friel, Kevin Williams, and Cramer Williams.

About Applied Business Software

ABS is the leading cloud-based platform provider for the private lending industry.  ABS’s technology solutions enable lenders to service more loans, lower servicing costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality, and efficiency.  Visit themortgageoffice.com to learn more.