Lometa Capital Partners Makes Growth Investment in Upper Hand, Inc.

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